Great Lakes Advisors LLC Sells 29,657 Shares of Goldman Sachs BDC, Inc. $GSBD

Great Lakes Advisors LLC trimmed its stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 14.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 177,915 shares of the financial services provider’s stock after selling 29,657 shares during the period. Great Lakes Advisors LLC’s holdings in Goldman Sachs BDC were worth $2,069,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of GSBD. Tower Research Capital LLC TRC grew its stake in Goldman Sachs BDC by 211.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,074 shares of the financial services provider’s stock worth $37,000 after buying an additional 2,086 shares in the last quarter. Creative Financial Designs Inc. ADV bought a new stake in shares of Goldman Sachs BDC during the 1st quarter worth $46,000. Mallini Complete Financial Planning LLC purchased a new position in Goldman Sachs BDC in the first quarter worth $119,000. Aspiriant LLC purchased a new position in Goldman Sachs BDC in the first quarter worth $122,000. Finally, Visionary Wealth Advisors bought a new position in Goldman Sachs BDC in the fourth quarter valued at $134,000. 28.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Zacks Research lowered Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research note on Friday, August 15th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell” and an average price target of $10.00.

Goldman Sachs BDC Stock Down 0.7%

GSBD opened at $11.33 on Thursday. Goldman Sachs BDC, Inc. has a 12 month low of $9.51 and a 12 month high of $14.54. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.19. The business’s 50-day moving average price is $11.47 and its 200-day moving average price is $11.42. The company has a market cap of $1.29 billion, a P/E ratio of 8.99 and a beta of 0.75.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.02). The company had revenue of $90.97 million for the quarter, compared to the consensus estimate of $94.55 million. Goldman Sachs BDC had a return on equity of 13.95% and a net margin of 36.17%. On average, equities analysts expect that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, August 29th. Goldman Sachs BDC’s payout ratio is presently 101.59%.

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.