Cascade Investment Group Inc. Reduces Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Cascade Investment Group Inc. trimmed its stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 34.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,025 shares of the financial services provider’s stock after selling 35,757 shares during the period. Cascade Investment Group Inc. owned 0.06% of Goldman Sachs BDC worth $835,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Van ECK Associates Corp lifted its position in shares of Goldman Sachs BDC by 10.4% during the 3rd quarter. Van ECK Associates Corp now owns 2,706,897 shares of the financial services provider’s stock valued at $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 during the second quarter valued at approximately $18,533,000. Envestnet Asset Management Inc. boosted its position in shares of 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 period. Shikiar Asset Management Inc. increased its stake in shares of Goldman Sachs BDC by 6.7% in the fourth quarter. Shikiar Asset Management Inc. now owns 450,090 shares of the financial services provider’s stock worth $5,446,000 after purchasing an additional 28,100 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Goldman Sachs BDC by 8.9% during the 2nd quarter. Cetera Investment Advisers now owns 422,010 shares of the financial services provider’s stock valued at $6,343,000 after purchasing an additional 34,631 shares during the period. 28.72% of the stock is owned by institutional investors.

Goldman Sachs BDC Trading Down 1.1 %

Goldman Sachs BDC stock opened at $12.27 on Monday. Goldman Sachs BDC, Inc. has a 1 year low of $11.72 and a 1 year high of $15.94. The firm’s 50 day moving average price is $12.66 and its 200-day moving average price is $13.64. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market cap of $1.44 billion, a P/E ratio of 17.53 and a beta of 1.06.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings results on Thursday, November 7th. The financial services provider reported $0.58 EPS for the quarter, topping 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 business 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 company earned $0.64 EPS. On average, equities analysts predict that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

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 paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 14.67%. The ex-dividend date of this dividend is Tuesday, December 31st. Goldman Sachs BDC’s payout ratio is 257.15%.

Analysts Set New Price Targets

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

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.