Arcus Capital Partners LLC Cuts Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Arcus Capital Partners LLC reduced its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 0.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 398,411 shares of the financial services provider’s stock after selling 2,958 shares during the quarter. Goldman Sachs BDC makes up approximately 2.0% of Arcus Capital Partners LLC’s holdings, making the stock its 9th biggest position. Arcus Capital Partners LLC owned approximately 0.34% of Goldman Sachs BDC worth $5,502,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Farther Finance Advisors LLC raised its holdings in Goldman Sachs BDC by 4,607.0% during the third quarter. Farther Finance Advisors LLC now owns 2,024 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 1,981 shares in the last quarter. WFA Asset Management Corp acquired a new position in Goldman Sachs BDC during the third quarter worth $33,000. Rothschild Investment LLC bought a new stake in Goldman Sachs BDC during the second quarter worth $113,000. Zions Bancorporation N.A. acquired a new stake in Goldman Sachs BDC in the second quarter valued at $128,000. Finally, Centaurus Financial Inc. grew its position in shares of Goldman Sachs BDC by 15.9% in the 2nd quarter. Centaurus Financial Inc. now owns 9,584 shares of the financial services provider’s stock valued at $144,000 after acquiring an additional 1,316 shares during the period. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GSBD. StockNews.com upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Wells Fargo & Company upgraded shares of Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and cut their price objective for the stock from $14.00 to $12.00 in a research report on Monday, August 12th. Finally, Truist Financial lowered their target price on Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday, August 12th.

Goldman Sachs BDC Price Performance

NYSE:GSBD opened at $12.96 on Tuesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.22 and a current ratio of 1.22. Goldman Sachs BDC, Inc. has a 52 week low of $12.76 and a 52 week high of $15.94. The firm’s 50-day simple moving average is $13.74 and its 200 day simple moving average is $14.60. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 18.51 and a beta of 1.07.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings data on Thursday, November 7th. The financial services provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. The firm had revenue of $110.41 million during the quarter, compared to analysts’ expectations of $112.43 million. Goldman Sachs BDC had a return on equity of 15.67% and a net margin of 17.01%. During the same period in the previous year, the firm earned $0.64 EPS. As a group, sell-side analysts predict that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.89%. The ex-dividend date of this dividend is Tuesday, December 31st. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 257.15%.

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.