Envestnet Asset Management Inc. Cuts Stock Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

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

Several other large investors have also recently made changes to their positions in the company. Generali Asset Management SPA SGR purchased a new stake in shares of Goldman Sachs BDC in the fourth quarter valued at approximately $12,879,000. Raymond James Financial Inc. acquired a new position in Goldman Sachs BDC during the fourth quarter worth $8,114,000. Trexquant Investment LP grew its holdings in Goldman Sachs BDC by 300.2% in the 4th quarter. Trexquant Investment LP now owns 349,927 shares of the financial services provider's stock valued at $4,234,000 after buying an additional 262,488 shares in the last quarter. First National Trust Co acquired a new stake in shares of Goldman Sachs BDC in the 4th quarter worth $2,680,000. Finally, JPMorgan Chase & Co. raised 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 period. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on GSBD shares. 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 shares of Goldman Sachs BDC from a "sell" rating to a "hold" rating in a report on Sunday, March 23rd.

Goldman Sachs BDC Trading Up 1.5 %

GSBD traded up $0.16 on Friday, hitting $10.63. The company had a trading volume of 691,104 shares, compared to its average volume of 802,214. The company's fifty day moving average price is $11.42 and its 200 day moving average price is $12.36. Goldman Sachs BDC, Inc. has a 1 year low of $9.51 and a 1 year high of $15.94. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.19. The firm has a market cap of $1.25 billion, a P/E ratio of 15.19 and a beta of 0.87.

Goldman Sachs BDC Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Monday, March 31st were issued a $0.16 dividend. This is a positive change from Goldman Sachs BDC's previous quarterly dividend of $0.05. This represents a $0.64 annualized dividend and a dividend yield of 6.02%. The ex-dividend date of this dividend was Monday, March 31st. Goldman Sachs BDC's dividend payout ratio is currently 224.56%.

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.