Commonwealth Equity Services LLC Trims Stock Holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Commonwealth Equity Services LLC trimmed its position in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 15.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,905 shares of the financial services provider’s stock after selling 33,195 shares during the quarter. Commonwealth Equity Services LLC owned about 0.16% of Goldman Sachs BDC worth $2,710,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC boosted its holdings in shares of Goldman Sachs BDC by 3.0% in the 1st quarter. SeaCrest Wealth Management LLC now owns 26,016 shares of the financial services provider’s stock worth $390,000 after purchasing an additional 767 shares during the period. Steward Partners Investment Advisory LLC grew its position in Goldman Sachs BDC by 0.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 143,996 shares of the financial services provider’s stock valued at $2,110,000 after acquiring an additional 882 shares during the last quarter. Founders Financial Alliance LLC raised its stake in shares of Goldman Sachs BDC by 4.2% during the fourth quarter. Founders Financial Alliance LLC now owns 24,315 shares of the financial services provider’s stock valued at $356,000 after acquiring an additional 990 shares in the last quarter. Hibernia Wealth Partners LLC grew its stake in Goldman Sachs BDC by 2.7% in the fourth quarter. Hibernia Wealth Partners LLC now owns 53,438 shares of the financial services provider’s stock valued at $783,000 after purchasing an additional 1,420 shares during the last quarter. Finally, CWM LLC increased its position in shares of Goldman Sachs BDC by 75.0% during the fourth quarter. CWM LLC now owns 3,500 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors own 28.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GSBD shares. Wells Fargo & Company downgraded shares of Goldman Sachs BDC from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $15.00 to $14.00 in a report on Wednesday, May 29th. StockNews.com cut Goldman Sachs BDC from a “buy” rating to a “hold” rating in a report on Monday, May 20th.

Goldman Sachs BDC Stock Down 0.1 %

Shares of Goldman Sachs BDC stock traded down $0.01 during trading hours on Friday, hitting $15.44. The company had a trading volume of 150,505 shares, compared to its average volume of 607,059. The company has a market cap of $1.73 billion, a P/E ratio of 8.05 and a beta of 1.08. Goldman Sachs BDC, Inc. has a twelve month low of $13.35 and a twelve month high of $15.94. The company’s 50-day moving average is $15.44 and its two-hundred day moving average is $15.23. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.24 and a quick ratio of 1.24.

Goldman Sachs BDC (NYSE:GSBD) last announced its earnings results on Tuesday, May 7th. The financial services provider reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). Goldman Sachs BDC had a return on equity of 15.68% and a net margin of 45.80%. The business had revenue of $111.54 million for the quarter, compared to analyst estimates of $115.33 million. Analysts anticipate that Goldman Sachs BDC, Inc. will post 2.14 earnings per share for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, June 28th will be given a $0.45 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.80 annualized dividend and a dividend yield of 11.66%. Goldman Sachs BDC’s dividend payout ratio is presently 93.75%.

About Goldman Sachs BDC

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.