Cetera Investment Advisers Sells 381,784 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Cetera Investment Advisers reduced its stake in Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 84.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,359 shares of the financial services provider's stock after selling 381,784 shares during the quarter. Cetera Investment Advisers owned about 0.06% of Goldman Sachs BDC worth $876,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Sage Rhino Capital LLC boosted its position in shares of Goldman Sachs BDC by 23.9% during the 4th quarter. Sage Rhino Capital LLC now owns 252,335 shares of the financial services provider's stock valued at $3,053,000 after purchasing an additional 48,639 shares in the last quarter. Stiles Financial Services Inc acquired a new position in Goldman Sachs BDC in the fourth quarter valued at approximately $383,000. Quadrant Private Wealth Management LLC boosted its holdings in shares of Goldman Sachs BDC by 13.5% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 182,279 shares of the financial services provider's stock worth $2,288,000 after buying an additional 21,620 shares in the last quarter. Invesco Ltd. increased its stake in shares of Goldman Sachs BDC by 11.9% in the 4th quarter. Invesco Ltd. now owns 1,095,489 shares of the financial services provider's stock valued at $13,255,000 after acquiring an additional 116,154 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in Goldman Sachs BDC in the fourth quarter worth $353,000. 28.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wells Fargo & Company cut their price target on Goldman Sachs BDC from $12.00 to $10.00 and set an "underweight" rating on the stock in a report on Monday, April 28th. Wall Street Zen upgraded Goldman Sachs BDC from a "sell" rating to a "hold" rating in a report on Sunday, March 23rd.

Goldman Sachs BDC Stock Up 2.5%

GSBD traded up $0.27 during midday trading on Tuesday, reaching $11.27. 720,734 shares of the company were exchanged, compared to its average volume of 791,788. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 16.10 and a beta of 0.71. Goldman Sachs BDC, Inc. has a one year low of $9.51 and a one year high of $15.81. The company's fifty day moving average price is $10.96 and its 200 day moving average price is $12.07. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26.

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 net margin of 17.01% and a return on equity of 15.72%. The company had revenue of $96.94 million during the quarter, compared to analysts' expectations of $101.12 million. As a group, analysts expect that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be issued a $0.05 dividend. The ex-dividend date is Friday, May 30th. This represents a dividend yield of 17.09%. Goldman Sachs BDC's dividend payout ratio is currently 284.44%.

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.