Raymond James & Associates Sells 46,713 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Raymond James & Associates reduced its position in Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 7.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 598,416 shares of the financial services provider's stock after selling 46,713 shares during the quarter. Raymond James & Associates owned approximately 0.53% of Goldman Sachs BDC worth $8,234,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Van ECK Associates Corp lifted its stake in Goldman Sachs BDC by 20.3% in the second quarter. Van ECK Associates Corp now owns 2,451,439 shares of the financial services provider's stock valued at $36,845,000 after buying an additional 413,745 shares during the period. Marshall Wace LLP bought a new position in Goldman Sachs BDC during the second quarter worth $18,533,000. Shikiar Asset Management Inc. grew its holdings in Goldman Sachs BDC by 16.1% in the second quarter. Shikiar Asset Management Inc. now owns 554,290 shares of the financial services provider's stock worth $8,331,000 after purchasing an additional 76,715 shares during the period. Envestnet Asset Management Inc. increased its stake in Goldman Sachs BDC by 17.9% in the second quarter. Envestnet Asset Management Inc. now owns 523,071 shares of the financial services provider's stock valued at $7,862,000 after purchasing an additional 79,315 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Goldman Sachs BDC by 8.9% during the second quarter. Cetera Investment Advisers now owns 422,010 shares of the financial services provider's stock valued at $6,343,000 after purchasing an additional 34,631 shares during the period. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Goldman Sachs BDC Stock Up 0.1 %

NYSE GSBD traded up $0.02 during trading hours on Wednesday, hitting $13.49. The company's stock had a trading volume of 411,392 shares, compared to its average volume of 618,142. The company has a market capitalization of $1.58 billion, a PE ratio of 15.84 and a beta of 1.07. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.22. Goldman Sachs BDC, Inc. has a 52 week low of $13.38 and a 52 week high of $15.94. The company's 50-day simple moving average is $13.92 and its two-hundred day simple moving average is $14.74.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last posted its earnings results on Thursday, August 8th. The financial services provider reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.05. The company had revenue of $108.62 million for the quarter, compared to analyst estimates of $112.07 million. Goldman Sachs BDC had a return on equity of 15.79% and a net margin of 19.84%. Research analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Monday, September 30th were paid a $0.45 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.80 annualized dividend and a dividend yield of 13.34%. Goldman Sachs BDC's payout ratio is 211.76%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Wells Fargo & Company upgraded Goldman Sachs BDC from an "underweight" rating to an "equal weight" rating and reduced their target price for the company from $14.00 to $12.00 in a research note on Monday, August 12th. StockNews.com upgraded Goldman Sachs BDC from a "sell" rating to a "hold" rating in a report on Tuesday, October 8th. Finally, Truist Financial cut their target price on Goldman Sachs BDC from $16.00 to $14.00 and set a "hold" rating on the stock in a report on Monday, August 12th.

Goldman Sachs BDC Profile

Goldman Sachs BDC, Inc is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities.