Investment Partners Asset Management Inc. Sells 65,401 Shares of Goldman Sachs BDC, Inc. $GSBD

Investment Partners Asset Management Inc. decreased its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 68.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 30,497 shares of the financial services provider’s stock after selling 65,401 shares during the period. Investment Partners Asset Management Inc.’s holdings in Goldman Sachs BDC were worth $283,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GSBD. Oppenheimer & Co. Inc. increased its stake in Goldman Sachs BDC by 4.0% in the third quarter. Oppenheimer & Co. Inc. now owns 27,847 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 1,082 shares during the period. IHT Wealth Management LLC boosted its holdings in Goldman Sachs BDC by 5.7% during the second quarter. IHT Wealth Management LLC now owns 21,647 shares of the financial services provider’s stock valued at $244,000 after purchasing an additional 1,173 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Goldman Sachs BDC by 1.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 100,190 shares of the financial services provider’s stock valued at $1,019,000 after purchasing an additional 1,397 shares during the period. Wellington Shields & Co. LLC grew its stake in shares of Goldman Sachs BDC by 7.1% in the 3rd quarter. Wellington Shields & Co. LLC now owns 21,650 shares of the financial services provider’s stock valued at $220,000 after purchasing an additional 1,430 shares during the period. Finally, MML Investors Services LLC raised its holdings in shares of Goldman Sachs BDC by 3.0% in the 2nd quarter. MML Investors Services LLC now owns 55,554 shares of the financial services provider’s stock worth $625,000 after buying an additional 1,599 shares in the last quarter. 28.72% of the stock is owned by institutional investors.

Goldman Sachs BDC Stock Performance

GSBD stock opened at $8.90 on Wednesday. The company has a 50 day moving average price of $9.24 and a 200 day moving average price of $9.65. Goldman Sachs BDC, Inc. has a fifty-two week low of $8.70 and a fifty-two week high of $12.03. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $1.00 billion, a PE ratio of 8.55 and a beta of 0.62.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings data on Friday, February 27th. The financial services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $38.79 million for the quarter, compared to analyst estimates of $87.18 million. Goldman Sachs BDC had a return on equity of 12.23% and a net margin of 32.62%. Analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 14.4%. The ex-dividend date of this dividend is Tuesday, March 31st. Goldman Sachs BDC’s payout ratio is 123.08%.

Analyst Ratings Changes

GSBD has been the topic of several recent analyst reports. Wall Street Zen raised Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Sunday, March 15th. The Goldman Sachs Group initiated coverage on shares of Goldman Sachs BDC in a research note on Monday, December 15th. They issued a “neutral” rating and a $10.50 target price on the stock. Truist Financial lowered their target price on shares of Goldman Sachs BDC from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, March 4th. Weiss Ratings upgraded shares of Goldman Sachs BDC from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, March 5th. Finally, Lucid Cap Mkts raised shares of Goldman Sachs BDC to a “hold” rating in a report on Monday, December 15th. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $9.50.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc (NYSE: GSBD) is an externally managed, closed-end, non-diversified management investment company organized as a business development company (BDC) under the U.S. Investment Company Act of 1940. The company’s primary objective is to generate current income and capital appreciation through debt and equity investments in U.S. middle-market companies. It principally invests in senior secured loans, mezzanine debt, preferred equity and, to a lesser extent, common equity, focusing on sponsor-backed transactions and special-situation financings.

The fund is advised by affiliates of Goldman Sachs Asset Management’s Private Credit Group, leveraging the firm’s global research capabilities and risk management infrastructure.