Goldman Sachs BDC, Inc. (NYSE:GSBD) Shares Sold by Cerity Partners LLC

Cerity Partners LLC cut its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 79.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,530 shares of the financial services provider's stock after selling 45,600 shares during the quarter. Cerity Partners LLC's holdings in Goldman Sachs BDC were worth $140,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Vision Financial Markets LLC acquired a new stake in shares of Goldman Sachs BDC during the fourth quarter valued at about $27,000. Nomura Asset Management Co. Ltd. increased its position in Goldman Sachs BDC by 81.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,858 shares of the financial services provider's stock valued at $47,000 after acquiring an additional 1,728 shares during the period. Chicago Partners Investment Group LLC bought a new position in Goldman Sachs BDC during the fourth quarter valued at about $128,000. Wealthcare Advisory Partners LLC acquired a new position in Goldman Sachs BDC in the fourth quarter worth $135,000. Finally, Canton Hathaway LLC bought a new stake in shares of Goldman Sachs BDC in the 4th quarter valued at about $137,000. Institutional investors and hedge funds own 28.72% of the company's stock.

Goldman Sachs BDC Trading Up 0.1 %

Shares of Goldman Sachs BDC stock traded up $0.02 during trading on Thursday, reaching $10.63. 102,362 shares of the stock were exchanged, compared to its average volume of 798,635. The stock's fifty day moving average is $11.53 and its 200 day moving average is $12.40. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 15.19 and a beta of 0.87. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. Goldman Sachs BDC, Inc. has a 1 year low of $9.51 and a 1 year high of $15.94.

Goldman Sachs BDC Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Monday, March 31st were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 6.02%. This is a positive change from Goldman Sachs BDC's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Monday, March 31st. Goldman Sachs BDC's dividend payout ratio (DPR) is presently 224.56%.

Analyst Upgrades and Downgrades

GSBD has been the subject of a number of analyst reports. StockNews.com upgraded Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research note on Sunday, March 23rd. Wells Fargo & Company cut their target price on shares of Goldman Sachs BDC from $12.00 to $10.00 and set an "underweight" rating on the stock in a research report on Monday.

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.