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

Arcus Capital Partners LLC reduced its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 82.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,114 shares of the financial services provider's stock after selling 331,255 shares during the period. Arcus Capital Partners LLC owned 0.06% of Goldman Sachs BDC worth $815,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of GSBD. Stiles Financial Services Inc increased its stake in Goldman Sachs BDC by 165.4% during the 1st quarter. Stiles Financial Services Inc now owns 84,083 shares of the financial services provider's stock valued at $978,000 after purchasing an additional 52,406 shares in the last quarter. Invesco Ltd. increased its stake in Goldman Sachs BDC by 11.9% during the 4th quarter. Invesco Ltd. now owns 1,095,489 shares of the financial services provider's stock valued at $13,255,000 after purchasing an additional 116,154 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Goldman Sachs BDC by 25.6% during the 4th quarter. Ameriprise Financial Inc. now owns 125,016 shares of the financial services provider's stock valued at $1,477,000 after purchasing an additional 25,491 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Goldman Sachs BDC by 198.6% during the 4th quarter. BNP Paribas Financial Markets now owns 105,442 shares of the financial services provider's stock valued at $1,276,000 after purchasing an additional 70,131 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Goldman Sachs BDC by 30.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 39,538 shares of the financial services provider's stock valued at $460,000 after purchasing an additional 9,182 shares in the last quarter. 28.72% of the stock is owned by hedge funds and other institutional investors.

Goldman Sachs BDC Price Performance

Goldman Sachs BDC stock traded up $0.23 during mid-day trading on Thursday, reaching $11.83. 174,011 shares of the company's stock traded hands, compared to its average volume of 798,641. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 26.28 and a beta of 0.72. The stock has a 50 day moving average of $11.28 and a two-hundred day moving average of $11.77. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.21. Goldman Sachs BDC, Inc. has a 12-month low of $9.51 and a 12-month high of $15.64.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The financial services provider reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.02). Goldman Sachs BDC had a return on equity of 15.05% and a net margin of 12.38%. The business had revenue of $96.94 million during the quarter, compared to analysts' expectations of $101.12 million. Equities analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were given a $0.05 dividend. This represents a dividend yield of 17.09%. The ex-dividend date of this dividend was Friday, May 30th. Goldman Sachs BDC's payout ratio is currently 284.44%.

Wall Street Analysts Forecast Growth

GSBD has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their price target on shares of Goldman Sachs BDC from $12.00 to $10.00 and set an "underweight" rating for the company in a research note on Monday, April 28th. Wall Street Zen upgraded shares of Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research report on Sunday, March 23rd.

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.

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