Raymond James & Associates Sells 24,260 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Raymond James & Associates lowered its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 3.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 645,129 shares of the financial services provider’s stock after selling 24,260 shares during the quarter. Raymond James & Associates’ holdings in Goldman Sachs BDC were worth $9,696,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in GSBD. Van ECK Associates Corp lifted its position in Goldman Sachs BDC by 7.9% during the first quarter. Van ECK Associates Corp now owns 2,037,694 shares of the financial services provider’s stock valued at $30,524,000 after purchasing an additional 149,491 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Goldman Sachs BDC by 2.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,138,467 shares of the financial services provider’s stock valued at $17,054,000 after buying an additional 30,886 shares during the period. Shikiar Asset Management Inc. boosted its stake in shares of Goldman Sachs BDC by 16.1% in the 2nd quarter. Shikiar Asset Management Inc. now owns 554,290 shares of the financial services provider’s stock worth $8,331,000 after buying an additional 76,715 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Goldman Sachs BDC by 3.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 418,871 shares of the financial services provider’s stock worth $6,296,000 after acquiring an additional 13,319 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of Goldman Sachs BDC by 45.8% during the 1st quarter. Cetera Investment Advisers now owns 387,379 shares of the financial services provider’s stock valued at $5,803,000 after purchasing an additional 121,765 shares during the last quarter. Hedge funds and other institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Price Performance

NYSE GSBD opened at $14.18 on Monday. The company has a market cap of $1.59 billion, a PE ratio of 7.39 and a beta of 1.08. The firm’s 50 day moving average price is $14.94 and its 200-day moving average price is $15.16. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.24 and a current ratio of 1.24. Goldman Sachs BDC, Inc. has a 52-week low of $13.39 and a 52-week high of $15.94.

Goldman Sachs BDC Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently commented on GSBD shares. StockNews.com cut Goldman Sachs BDC from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Truist Financial cut their target price on shares of Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating for the company in a research note on Monday, August 12th. Finally, Wells Fargo & Company raised Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and reduced their price objective for the stock from $14.00 to $12.00 in a research note on Monday, August 12th.

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.