SG Americas Securities LLC Decreases Holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD)

SG Americas Securities LLC lessened its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 85.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 11,429 shares of the financial services provider’s stock after selling 68,950 shares during the period. SG Americas Securities LLC’s holdings in Goldman Sachs BDC were worth $172,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in GSBD. SeaCrest Wealth Management LLC raised its holdings in Goldman Sachs BDC by 3.0% during the first quarter. SeaCrest Wealth Management LLC now owns 26,016 shares of the financial services provider’s stock worth $390,000 after purchasing an additional 767 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in Goldman Sachs BDC by 0.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 143,996 shares of the financial services provider’s stock worth $2,110,000 after acquiring an additional 882 shares in the last quarter. Founders Financial Alliance LLC lifted its position in Goldman Sachs BDC by 4.2% in the fourth quarter. Founders Financial Alliance LLC now owns 24,315 shares of the financial services provider’s stock valued at $356,000 after acquiring an additional 990 shares during the last quarter. CWM LLC boosted its stake in Goldman Sachs BDC by 75.0% in the fourth quarter. CWM LLC now owns 3,500 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 1,500 shares in the last quarter. Finally, WFA Asset Management Corp purchased a new position in shares of Goldman Sachs BDC during the first quarter worth about $29,000. Hedge funds and other institutional investors own 28.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GSBD. StockNews.com downgraded Goldman Sachs BDC from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Truist Financial decreased their price objective on Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating for the company in a report on Monday, August 12th. Finally, Wells Fargo & Company raised shares of Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and cut their target price for the company from $14.00 to $12.00 in a report on Monday, August 12th.

Goldman Sachs BDC Trading Up 0.4 %

Shares of GSBD stock opened at $14.18 on Friday. The business’s 50 day moving average is $14.94 and its two-hundred day moving average is $15.16. Goldman Sachs BDC, Inc. has a twelve month low of $13.39 and a twelve month high of $15.94. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $1.59 billion, a P/E ratio of 7.39 and a beta of 1.08.

Goldman Sachs BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Monday, September 30th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 12.69%. The ex-dividend date of this dividend is Friday, September 27th. Goldman Sachs BDC’s payout ratio is 93.75%.

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.