Goldman Sachs BDC, Inc. (NYSE:GSBD) Shares Purchased by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC increased its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 4.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,216 shares of the financial services provider’s stock after purchasing an additional 1,200 shares during the period. SeaCrest Wealth Management LLC’s holdings in Goldman Sachs BDC were worth $409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cerity Partners LLC lifted its holdings in shares of Goldman Sachs BDC by 212.1% in the 4th quarter. Cerity Partners LLC now owns 68,050 shares of the financial services provider’s stock valued at $997,000 after buying an additional 46,244 shares during the period. Signaturefd LLC acquired a new position in Goldman Sachs BDC in the fourth quarter valued at approximately $40,000. CWM LLC boosted its position in Goldman Sachs BDC by 75.0% in the 4th quarter. CWM LLC now owns 3,500 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 1,500 shares in the last quarter. Shikiar Asset Management Inc. boosted its position in Goldman Sachs BDC by 10.2% in the 4th quarter. Shikiar Asset Management Inc. now owns 366,600 shares of the financial services provider’s stock worth $5,371,000 after purchasing an additional 34,050 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Goldman Sachs BDC by 10.6% during the 4th quarter. Van ECK Associates Corp now owns 1,888,203 shares of the financial services provider’s stock worth $27,662,000 after purchasing an additional 180,880 shares during the period. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Goldman Sachs BDC Price Performance

Shares of GSBD stock traded up $0.08 on Wednesday, reaching $14.02. 102,186 shares of the company were exchanged, compared to its average volume of 631,824. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 7.26 and a beta of 1.08. Goldman Sachs BDC, Inc. has a 1 year low of $13.39 and a 1 year high of $15.94. The business has a 50-day moving average price of $15.01 and a 200 day moving average price of $15.18. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 12.84%. Goldman Sachs BDC’s payout ratio is currently 93.75%.

Wall Street Analyst Weigh In

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

About Goldman Sachs BDC

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.