Kraematon Investment Advisors Inc. lessened its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD – Free Report) by 26.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 67,148 shares of the financial services provider’s stock after selling 24,505 shares during the quarter. Kraematon Investment Advisors Inc.’s holdings in Goldman Sachs BDC were worth $812,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its stake in shares of Goldman Sachs BDC by 10.4% during the 3rd quarter. Van ECK Associates Corp now owns 2,706,897 shares of the financial services provider’s stock worth $36,408,000 after acquiring an additional 255,458 shares during the period. Marshall Wace LLP purchased a new stake in Goldman Sachs BDC during the second quarter valued at about $18,533,000. Envestnet Asset Management Inc. boosted its position in Goldman Sachs BDC by 17.9% during the second quarter. Envestnet Asset Management Inc. now owns 523,071 shares of the financial services provider’s stock worth $7,862,000 after purchasing an additional 79,315 shares during the period. Cetera Investment Advisers increased its stake in shares of Goldman Sachs BDC by 8.9% in the second quarter. Cetera Investment Advisers now owns 422,010 shares of the financial services provider’s stock worth $6,343,000 after purchasing an additional 34,631 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of Goldman Sachs BDC by 2,121.3% in the third quarter. International Assets Investment Management LLC now owns 329,200 shares of the financial services provider’s stock valued at $45,300,000 after purchasing an additional 314,380 shares during the period. 28.72% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th.
Goldman Sachs BDC Trading Up 0.9 %
Shares of GSBD opened at $12.40 on Friday. Goldman Sachs BDC, Inc. has a twelve month low of $11.72 and a twelve month high of $15.94. The stock has a market cap of $1.45 billion, a PE ratio of 17.71 and a beta of 1.06. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. The business’s 50-day moving average price is $12.67 and its 200-day moving average price is $13.69.
Goldman Sachs BDC (NYSE:GSBD – Get Free Report) last posted its earnings results on Thursday, November 7th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. The business had revenue of $110.41 million for the quarter, compared to analysts’ expectations of $112.43 million. Goldman Sachs BDC had a net margin of 17.01% and a return on equity of 15.72%. During the same period in the prior year, the company posted $0.64 EPS. On average, equities analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.
Goldman Sachs BDC Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Tuesday, December 31st will be paid a $0.45 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a yield of 14.52%. Goldman Sachs BDC’s dividend payout ratio is currently 257.15%.
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.
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