Captrust Financial Advisors Decreases Holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Captrust Financial Advisors cut its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 8.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,696 shares of the financial services provider’s stock after selling 954 shares during the quarter. Captrust Financial Advisors’ holdings in Goldman Sachs BDC were worth $147,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in GSBD. Farther Finance Advisors LLC grew its holdings in shares of Goldman Sachs BDC by 4,607.0% in the third quarter. Farther Finance Advisors LLC now owns 2,024 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 1,981 shares during the last quarter. WFA Asset Management Corp bought a new position in shares of Goldman Sachs BDC in the third quarter worth approximately $33,000. Rothschild Investment LLC bought a new position in shares of Goldman Sachs BDC in the second quarter worth approximately $113,000. Zions Bancorporation N.A. bought a new stake in Goldman Sachs BDC in the second quarter valued at $128,000. Finally, Principal Street Partners LLC bought a new stake in Goldman Sachs BDC in the third quarter valued at $141,000. 28.72% of the stock is owned by hedge funds and other institutional investors.

Goldman Sachs BDC Stock Performance

NYSE:GSBD opened at $12.70 on Tuesday. Goldman Sachs BDC, Inc. has a twelve month low of $12.67 and a twelve month high of $15.94. The stock has a market cap of $1.49 billion, a P/E ratio of 18.14 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 firm’s fifty day simple moving average is $13.16 and its 200 day simple moving average is $14.15.

Goldman Sachs BDC (NYSE:GSBD) last announced its earnings results on Thursday, November 7th. The financial services provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Goldman Sachs BDC had a net margin of 17.01% and a return on equity of 15.72%. The firm had revenue of $110.41 million for the quarter, compared to analysts’ expectations of $112.43 million. During the same quarter in the previous year, the business posted $0.64 EPS. As a group, research analysts predict that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Tuesday, December 31st will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 14.17%. The ex-dividend date of this dividend is Tuesday, December 31st. Goldman Sachs BDC’s dividend payout ratio is presently 257.14%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th.

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.