SeaCrest Wealth Management LLC Sells 3,500 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

SeaCrest Wealth Management LLC reduced its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 8.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,105 shares of the financial services provider’s stock after selling 3,500 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Goldman Sachs BDC were worth $437,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Marshall Wace LLP bought a new position in shares of Goldman Sachs BDC in the second quarter worth approximately $18,533,000. International Assets Investment Management LLC increased its holdings in shares of Goldman Sachs BDC by 2,121.3% in the 3rd quarter. International Assets Investment Management LLC now owns 329,200 shares of the financial services provider’s stock worth $45,300,000 after buying an additional 314,380 shares during the last quarter. Van ECK Associates Corp raised 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. JPMorgan Chase & Co. lifted its holdings in shares of Goldman Sachs BDC by 221.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 222,475 shares of the financial services provider’s stock worth $3,061,000 after acquiring an additional 153,316 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Goldman Sachs BDC in the third quarter worth $1,101,000. Hedge funds and other institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Trading Up 0.9 %

GSBD stock opened at $12.40 on Friday. The company has a market capitalization of $1.45 billion, a PE ratio of 17.71 and a beta of 1.06. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26. Goldman Sachs BDC, Inc. has a one year low of $11.72 and a one year high of $15.94. The company’s 50 day moving average price is $12.69 and its two-hundred day moving average price is $13.70.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings results on Thursday, November 7th. The financial services provider reported $0.58 earnings per share 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 during the quarter, compared to the consensus estimate of $112.43 million. During the same period in the previous year, the firm posted $0.64 earnings per share. As a group, 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 business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 14.52%. The ex-dividend date is Tuesday, December 31st. Goldman Sachs BDC’s dividend payout ratio is presently 257.15%.

Analysts Set New Price Targets

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

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.