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

Arcus Capital Partners LLC cut its stake in Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 82.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,114 shares of the financial services provider's stock after selling 331,255 shares during the period. Arcus Capital Partners LLC owned about 0.06% of Goldman Sachs BDC worth $815,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GSBD. Quarry LP bought a new position in shares of Goldman Sachs BDC during the fourth quarter valued at about $33,000. Tower Research Capital LLC TRC grew its holdings in Goldman Sachs BDC by 211.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,074 shares of the financial services provider's stock worth $37,000 after purchasing an additional 2,086 shares during the period. Creative Financial Designs Inc. ADV purchased a new stake in Goldman Sachs BDC in the first quarter worth about $46,000. Nomura Asset Management Co. Ltd. grew its holdings in Goldman Sachs BDC by 81.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 3,858 shares of the financial services provider's stock worth $47,000 after purchasing an additional 1,728 shares during the period. Finally, Transce3nd LLC purchased a new stake in Goldman Sachs BDC in the fourth quarter worth about $105,000. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

Goldman Sachs BDC Trading Up 0.7%

Shares of GSBD stock traded up $0.08 during trading hours on Friday, reaching $11.80. 1,091,413 shares of the stock were exchanged, compared to its average volume of 804,959. Goldman Sachs BDC, Inc. has a 12-month low of $9.51 and a 12-month high of $15.60. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.21. The company's 50-day moving average price is $11.33 and its 200-day moving average price is $11.74. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 26.22 and a beta of 0.72.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The financial services provider reported $0.41 EPS 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 firm had revenue of $96.94 million for the quarter, compared to analysts' expectations of $101.12 million. As a group, equities analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GSBD shares. Wells Fargo & Company lowered their price objective on shares of Goldman Sachs BDC from $12.00 to $10.00 and set an "underweight" rating on the stock in a research report 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 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.