Goldman Sachs BDC, Inc. (NYSE:GSBD) Shares Sold by Herbst Group LLC

Herbst Group LLC trimmed its stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 21.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 51,473 shares of the financial services provider’s stock after selling 14,027 shares during the period. Herbst Group LLC’s holdings in Goldman Sachs BDC were worth $713,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in GSBD. Confluence Investment Management LLC grew its stake in Goldman Sachs BDC by 3.2% during the second quarter. Confluence Investment Management LLC now owns 185,451 shares of the financial services provider’s stock worth $2,570,000 after buying an additional 5,815 shares during the period. ProShare Advisors LLC acquired a new position in Goldman Sachs BDC during the first quarter valued at approximately $223,000. Ameriprise Financial Inc. boosted its position in shares of Goldman Sachs BDC by 17.7% in the first quarter. Ameriprise Financial Inc. now owns 497,324 shares of the financial services provider’s stock valued at $6,788,000 after acquiring an additional 74,798 shares during the period. JPMorgan Chase & Co. lifted its position in Goldman Sachs BDC by 84.5% in the first quarter. JPMorgan Chase & Co. now owns 23,671 shares of the financial services provider’s stock worth $322,000 after purchasing an additional 10,844 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of Goldman Sachs BDC by 2.9% during the first quarter. Rockefeller Capital Management L.P. now owns 291,368 shares of the financial services provider’s stock valued at $3,977,000 after acquiring an additional 8,185 shares during the period. Institutional investors and hedge funds own 28.86% of the company’s stock.

Goldman Sachs BDC Stock Up 0.1 %

Shares of NYSE GSBD traded up $0.02 during midday trading on Tuesday, hitting $15.15. 81,992 shares of the stock traded hands, compared to its average volume of 519,469. The company has a market cap of $1.66 billion, a PE ratio of 18.23 and a beta of 1.19. Goldman Sachs BDC, Inc. has a one year low of $12.75 and a one year high of $16.78. The business has a 50 day moving average price of $14.37 and a two-hundred day moving average price of $13.96. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.00 and a current ratio of 1.00.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. Goldman Sachs BDC had a return on equity of 14.98% and a net margin of 21.16%. The business had revenue of $112.08 million for the quarter, compared to analysts’ expectations of $109.16 million. On average, equities analysts predict that Goldman Sachs BDC, Inc. will post 2.18 EPS for the current year.

Goldman Sachs BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Saturday, September 30th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.80 dividend on an annualized basis and a yield of 11.88%. Goldman Sachs BDC’s dividend payout ratio is currently 216.87%.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Goldman Sachs BDC in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $15.67.

Goldman Sachs BDC Company 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.