International Assets Investment Management LLC Sells 309,580 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

International Assets Investment Management LLC lessened its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 94.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,620 shares of the financial services provider’s stock after selling 309,580 shares during the period. International Assets Investment Management LLC’s holdings in Goldman Sachs BDC were worth $239,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of GSBD. Van ECK Associates Corp raised its stake in Goldman Sachs BDC by 10.4% in the third quarter. Van ECK Associates Corp now owns 2,706,897 shares of the financial services provider’s stock worth $36,408,000 after buying an additional 255,458 shares in the last quarter. Marshall Wace LLP purchased a new position in Goldman Sachs BDC in the second quarter worth $18,533,000. Envestnet Asset Management Inc. grew its holdings in Goldman Sachs BDC by 17.9% in 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 last quarter. Cetera Investment Advisers grew its holdings in 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 during the last quarter. Finally, HighTower Advisors LLC grew its holdings in Goldman Sachs BDC by 9.0% in the third quarter. HighTower Advisors LLC now owns 315,949 shares of the financial services provider’s stock worth $4,347,000 after purchasing an additional 26,134 shares during the last quarter. Institutional investors own 28.72% of the company’s stock.

Analyst Upgrades and Downgrades

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

Goldman Sachs BDC Price Performance

NYSE:GSBD opened at $11.92 on Tuesday. Goldman Sachs BDC, Inc. has a one year low of $11.72 and a one year high of $15.94. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 17.03 and a beta of 1.06. The firm’s fifty day moving average is $12.74 and its two-hundred day moving average is $13.75.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings results on Thursday, November 7th. The financial services provider reported $0.58 EPS for the quarter, beating the consensus estimate 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 company had revenue of $110.41 million for the quarter, compared to analyst estimates of $112.43 million. During the same period in the prior year, the company earned $0.64 earnings per share. Research analysts expect that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Tuesday, December 31st will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 15.10%. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 257.14%.

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.