Goldman Sachs BDC Inc (NYSE:GSBD) Position Trimmed by Sterling Investment Advisors Ltd.

Sterling Investment Advisors Ltd. trimmed its holdings in shares of Goldman Sachs BDC Inc (NYSE:GSBD) by 5.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 85,421 shares of the financial services provider’s stock after selling 4,559 shares during the period. Sterling Investment Advisors Ltd. owned about 0.21% of Goldman Sachs BDC worth $1,680,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Azimuth Capital Management LLC boosted its holdings in Goldman Sachs BDC by 86.0% during the first quarter. Azimuth Capital Management LLC now owns 142,995 shares of the financial services provider’s stock worth $2,937,000 after buying an additional 66,135 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Goldman Sachs BDC by 10.1% during the second quarter. Steward Partners Investment Advisory LLC now owns 33,795 shares of the financial services provider’s stock worth $664,000 after buying an additional 3,113 shares in the last quarter. Greenwich Investment Management Inc. boosted its stake in Goldman Sachs BDC by 28.0% in the 2nd quarter. Greenwich Investment Management Inc. now owns 121,470 shares of the financial services provider’s stock worth $2,389,000 after purchasing an additional 26,595 shares during the period. Wedbush Securities Inc. acquired a new position in Goldman Sachs BDC in the 1st quarter worth approximately $204,000. Finally, CCG Wealth Management LLC boosted its stake in Goldman Sachs BDC by 9.4% in the 1st quarter. CCG Wealth Management LLC now owns 31,253 shares of the financial services provider’s stock worth $642,000 after purchasing an additional 2,698 shares during the period. Hedge funds and other institutional investors own 34.95% of the company’s stock.

Goldman Sachs BDC stock traded down $0.14 during midday trading on Friday, reaching $19.75. The stock had a trading volume of 78,036 shares, compared to its average volume of 110,069. The firm’s fifty day simple moving average is $19.83 and its two-hundred day simple moving average is $20.22. Goldman Sachs BDC Inc has a twelve month low of $17.73 and a twelve month high of $22.75. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $807.57 million, a price-to-earnings ratio of 9.59, a PEG ratio of 10.11 and a beta of 0.99.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. Goldman Sachs BDC had a net margin of 24.25% and a return on equity of 12.07%. The firm had revenue of $38.40 million during the quarter, compared to analyst estimates of $37.76 million. During the same quarter last year, the business posted $0.50 EPS. The company’s revenue was up 3.1% on a year-over-year basis. As a group, sell-side analysts predict that Goldman Sachs BDC Inc will post 1.98 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.45 dividend. The ex-dividend date is Friday, September 27th. This represents a $1.80 dividend on an annualized basis and a yield of 9.11%. Goldman Sachs BDC’s payout ratio is 87.38%.

A number of equities analysts recently commented on GSBD shares. Zacks Investment Research lowered shares of Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $20.00 price objective (down previously from $20.50) on shares of Goldman Sachs BDC in a research note on Monday, May 13th. Raymond James reaffirmed an “outperform” rating and issued a $22.00 price objective (down previously from $23.00) on shares of Goldman Sachs BDC in a research note on Monday, May 13th. Finally, National Securities reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Goldman Sachs BDC in a research note on Monday, May 13th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Goldman Sachs BDC currently has a consensus rating of “Buy” and a consensus target price of $21.40.

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.

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Institutional Ownership by Quarter for Goldman Sachs BDC (NYSE:GSBD)

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