Family Capital Management Inc. Cuts Holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Family Capital Management Inc. cut its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 52.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,441 shares of the financial services provider’s stock after selling 17,196 shares during the period. Family Capital Management Inc.’s holdings in Goldman Sachs BDC were worth $226,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Wealth Alliance grew its position in shares of Goldman Sachs BDC by 70.4% in the fourth quarter. Wealth Alliance now owns 21,030 shares of the financial services provider’s stock valued at $308,000 after purchasing an additional 8,685 shares during the period. Cerity Partners LLC boosted its holdings in Goldman Sachs BDC by 212.1% in the 4th quarter. Cerity Partners LLC now owns 68,050 shares of the financial services provider’s stock worth $997,000 after buying an additional 46,244 shares during the last quarter. Investment Partners Asset Management Inc. purchased a new stake in Goldman Sachs BDC during the 4th quarter worth approximately $1,211,000. Arkadios Wealth Advisors raised its holdings in shares of Goldman Sachs BDC by 19.1% during the fourth quarter. Arkadios Wealth Advisors now owns 115,121 shares of the financial services provider’s stock valued at $1,687,000 after acquiring an additional 18,481 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Goldman Sachs BDC by 561.5% in the fourth quarter. International Assets Investment Management LLC now owns 217,113 shares of the financial services provider’s stock valued at $3,181,000 after acquiring an additional 184,293 shares in the last quarter. Institutional investors and hedge funds own 28.72% of the company’s stock.

Goldman Sachs BDC Trading Up 0.9 %

Shares of Goldman Sachs BDC stock traded up $0.13 during mid-day trading on Thursday, hitting $15.26. The stock had a trading volume of 442,800 shares, compared to its average volume of 593,796. Goldman Sachs BDC, Inc. has a 12-month low of $12.75 and a 12-month high of $15.65. The firm has a market cap of $1.71 billion, a P/E ratio of 8.43 and a beta of 1.13. The firm has a 50-day moving average of $15.16 and a two-hundred day moving average of $14.83. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.14.

Goldman Sachs BDC (NYSE:GSBD) last posted its earnings results on Wednesday, February 28th. The financial services provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The business had revenue of $115.40 million during the quarter, compared to analysts’ expectations of $117.09 million. Goldman Sachs BDC had a net margin of 43.06% and a return on equity of 15.05%. Sell-side analysts forecast that Goldman Sachs BDC, Inc. will post 2.18 earnings per share for the current year.

Goldman Sachs BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Thursday, March 28th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 11.80%. The ex-dividend date of this dividend is Wednesday, March 27th. Goldman Sachs BDC’s payout ratio is 100.00%.

Analyst Ratings Changes

A number of brokerages have weighed in on GSBD. Wells Fargo & Company raised their price objective on Goldman Sachs BDC from $14.50 to $15.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. StockNews.com downgraded shares of Goldman Sachs BDC from a “buy” rating to a “hold” rating in a report on Saturday, March 9th.

Goldman Sachs BDC 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.