Shikiar Asset Management Inc. Cuts Holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Shikiar Asset Management Inc. cut its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 36.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 283,790 shares of the financial services provider's stock after selling 166,300 shares during the quarter. Shikiar Asset Management Inc. owned approximately 0.24% of Goldman Sachs BDC worth $3,300,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Invesco Ltd. lifted its stake in Goldman Sachs BDC by 11.9% in the fourth 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 during the last quarter. Generali Asset Management SPA SGR bought a new position in shares of Goldman Sachs BDC during the 4th quarter worth $12,879,000. Advisors Capital Management LLC increased its holdings in Goldman Sachs BDC by 4.6% in the 4th quarter. Advisors Capital Management LLC now owns 775,035 shares of the financial services provider's stock worth $9,378,000 after acquiring an additional 34,222 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Goldman Sachs BDC in the 4th quarter worth about $8,114,000. Finally, Muzinich & Co. Inc. raised its stake in Goldman Sachs BDC by 0.7% in the 4th quarter. Muzinich & Co. Inc. now owns 395,302 shares of the financial services provider's stock valued at $4,783,000 after acquiring an additional 2,766 shares during the period. 28.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on GSBD shares. Wells Fargo & Company cut their target price on shares of Goldman Sachs BDC from $12.00 to $10.00 and set an "underweight" rating for the company in a research report on Monday, April 28th. Wall Street Zen raised shares of Goldman Sachs BDC from a "sell" rating to a "hold" rating in a report on Sunday, March 23rd.

Goldman Sachs BDC Stock Performance

Shares of NYSE:GSBD traded up $0.17 during midday trading on Thursday, reaching $11.58. 623,674 shares of the company traded hands, compared to its average volume of 790,710. The firm's fifty day moving average price is $10.98 and its two-hundred day moving average price is $11.91. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 25.72 and a beta of 0.71. 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 $15.81.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The financial services provider reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.02). Goldman Sachs BDC had a net margin of 12.38% and a return on equity of 15.05%. The company had revenue of $96.94 million for the quarter, compared to the consensus estimate of $101.12 million. On average, equities analysts expect 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 announced a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were paid a $0.05 dividend. This represents a yield of 17.09%. The ex-dividend date was Friday, May 30th. Goldman Sachs BDC's dividend payout ratio is presently 284.44%.

About Goldman Sachs BDC

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.