Envestnet Asset Management Inc. Sells 586,566 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Envestnet Asset Management Inc. lowered its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 85.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,455 shares of the financial services provider's stock after selling 586,566 shares during the period. Envestnet Asset Management Inc. owned about 0.09% of Goldman Sachs BDC worth $1,216,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of GSBD. Vision Financial Markets LLC bought a new stake in Goldman Sachs BDC in the fourth quarter valued at $27,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of Goldman Sachs BDC by 81.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,858 shares of the financial services provider's stock valued at $47,000 after purchasing an additional 1,728 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in shares of Goldman Sachs BDC in the 4th quarter worth about $128,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of Goldman Sachs BDC during the 4th quarter worth about $135,000. Finally, Canton Hathaway LLC bought a new position in Goldman Sachs BDC during the 4th quarter valued at about $137,000. Institutional investors own 28.72% of the company's stock.

Goldman Sachs BDC Trading Up 0.5 %

Shares of GSBD stock traded up $0.06 on Tuesday, reaching $10.56. 509,770 shares of the stock were exchanged, compared to its average volume of 803,105. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.26 and a quick ratio of 1.26. Goldman Sachs BDC, Inc. has a one year low of $9.51 and a one year high of $15.94. The stock has a market cap of $1.24 billion, a PE ratio of 15.08 and a beta of 0.71. The stock has a 50 day moving average price of $11.33 and a 200 day moving average price of $12.30.

Goldman Sachs BDC Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Monday, March 31st were paid a $0.16 dividend. The ex-dividend date of this dividend was Monday, March 31st. This is a boost from Goldman Sachs BDC's previous quarterly dividend of $0.05. This represents a $0.64 dividend on an annualized basis and a yield of 6.06%. Goldman Sachs BDC's dividend payout ratio (DPR) is presently 224.56%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Goldman Sachs BDC from $12.00 to $10.00 and set an "underweight" rating for the company in a report on Monday, April 28th. StockNews.com upgraded Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research report on Sunday, March 23rd.

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.