Pursue Wealth Partners LLC Trims Stock Holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Pursue Wealth Partners LLC decreased its position in 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 SEC. 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 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GSBD. Vision Financial Markets LLC purchased a new stake in shares of Goldman Sachs BDC during the 4th quarter worth approximately $27,000. Quarry LP purchased a new stake in shares of Goldman Sachs BDC during the 4th quarter worth approximately $33,000. Tower Research Capital LLC TRC increased its stake in shares of Goldman Sachs BDC by 211.1% during the 4th 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 last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Goldman Sachs BDC by 81.1% during the 4th 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 last quarter. Finally, Transce3nd LLC purchased a new stake in shares of Goldman Sachs BDC during the 4th quarter worth approximately $105,000. Hedge funds and other institutional investors own 28.72% of the company's stock.

Wall Street Analyst Weigh In

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

Goldman Sachs BDC Stock Performance

Shares of GSBD stock traded up $0.06 during trading hours on Thursday, hitting $11.67. 815,023 shares of the company were exchanged, compared to its average volume of 793,746. Goldman Sachs BDC, Inc. has a 52-week low of $9.51 and a 52-week high of $15.80. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 25.92 and a beta of 0.71. 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 firm has a fifty day simple moving average of $11.13 and a 200 day simple moving average of $11.85.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The financial services provider reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $96.94 million during the quarter, compared to analysts' expectations of $101.12 million. Research analysts predict that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

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