Pursue Wealth Partners LLC Sells 53,890 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Pursue Wealth Partners LLC lowered its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 33.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,182 shares of the financial services provider's stock after selling 53,890 shares during the period. Pursue Wealth Partners LLC owned 0.09% of Goldman Sachs BDC worth $1,235,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its holdings in Goldman Sachs BDC by 6.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 19,835 shares of the financial services provider's stock worth $231,000 after acquiring an additional 1,147 shares during the last quarter. Garde Capital Inc. bought a new position in Goldman Sachs BDC during the first quarter worth about $1,157,000. Canton Hathaway LLC increased its stake in shares of Goldman Sachs BDC by 144.0% in the first quarter. Canton Hathaway LLC now owns 27,720 shares of the financial services provider's stock worth $322,000 after purchasing an additional 16,360 shares in the last quarter. PFG Investments LLC increased its stake in shares of Goldman Sachs BDC by 33.7% in the first quarter. PFG Investments LLC now owns 73,883 shares of the financial services provider's stock worth $859,000 after purchasing an additional 18,633 shares in the last quarter. Finally, United Advisor Group LLC raised its position in shares of Goldman Sachs BDC by 2.3% in the first quarter. United Advisor Group LLC now owns 132,979 shares of the financial services provider's stock valued at $1,547,000 after purchasing an additional 2,990 shares during the period. Hedge funds and other institutional investors own 28.72% of the company's stock.

Analyst Ratings Changes

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

Goldman Sachs BDC Price Performance

Shares of GSBD traded up $0.15 during mid-day trading on Tuesday, reaching $11.55. 630,182 shares of the stock traded hands, compared to its average volume of 791,373. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 25.66 and a beta of 0.71. Goldman Sachs BDC, Inc. has a 1 year low of $9.51 and a 1 year high of $15.81. The firm has a fifty day moving average price of $11.08 and a 200 day moving average price of $11.86. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.21.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last posted its earnings results on Thursday, May 8th. The financial services provider reported $0.41 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $101.12 million. As a group, equities research analysts predict 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 announced a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were paid a $0.05 dividend. This represents a yield of 17.09%. The ex-dividend date of this dividend was Friday, May 30th. Goldman Sachs BDC's dividend payout ratio is currently 284.44%.

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.