Great Lakes Advisors LLC Sells 29,657 Shares of Goldman Sachs BDC, Inc. $GSBD

Key Points

• Great Lakes Advisors LLC reduced its holdings in Goldman Sachs BDC, Inc. by 14.3%, selling 29,657 shares during the first quarter, resulting in ownership of approximately 0.15% of the company.
• Analysts at Zacks Research downgraded Goldman Sachs BDC to a "strong sell" rating, with the stock currently having a consensus rating of "sell" and a target price of $10.00.
• The company announced a quarterly dividend of $0.03, translating to an annual yield of 1.1%, with a payout ratio currently at 101.59%.

Great Lakes Advisors LLC reduced its position in Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 14.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 177,915 shares of the financial services provider's stock after selling 29,657 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.15% of Goldman Sachs BDC worth $2,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in GSBD. Tower Research Capital LLC TRC increased its holdings in Goldman Sachs BDC by 211.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,074 shares of the financial services provider's stock worth $37,000 after acquiring an additional 2,086 shares during the last quarter. Northern Trust Corp boosted its position in Goldman Sachs BDC by 18.1% during the fourth quarter. Northern Trust Corp now owns 72,283 shares of the financial services provider's stock worth $875,000 after purchasing an additional 11,054 shares during the period. Jane Street Group LLC boosted its position in Goldman Sachs BDC by 924.4% during the fourth quarter. Jane Street Group LLC now owns 132,152 shares of the financial services provider's stock worth $1,599,000 after purchasing an additional 119,252 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Goldman Sachs BDC by 25.6% in the fourth quarter. Ameriprise Financial Inc. now owns 125,016 shares of the financial services provider's stock worth $1,477,000 after purchasing an additional 25,491 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Goldman Sachs BDC by 198.6% in the fourth 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 during the period. Hedge funds and other institutional investors own 28.72% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Goldman Sachs BDC from a "hold" rating to a "strong sell" rating in a report on Friday, August 15th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, Goldman Sachs BDC currently has a consensus rating of "Sell" and a consensus target price of $10.00.

Goldman Sachs BDC Trading Down 0.7%

Shares of GSBD opened at $11.33 on Thursday. Goldman Sachs BDC, Inc. has a twelve month low of $9.51 and a twelve month high of $14.54. The stock has a market cap of $1.29 billion, a PE ratio of 8.99 and a beta of 0.75. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.19. The business's 50-day moving average price is $11.47 and its 200-day moving average price is $11.42.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.02). The firm had revenue of $90.97 million for the quarter, compared to analysts' expectations of $94.55 million. Goldman Sachs BDC had a net margin of 36.17% and a return on equity of 13.95%. On average, equities analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.12 annualized dividend and a dividend yield of 1.1%. Goldman Sachs BDC's dividend payout ratio is presently 101.59%.

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.

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