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

Pursue Wealth Partners LLC cut its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 7.4% during the 4th quarter, Holdings Channel reports. The fund owned 548,630 shares of the financial services provider’s stock after selling 43,992 shares during the period. Goldman Sachs BDC comprises 5.2% of Pursue Wealth Partners LLC’s portfolio, making the stock its 3rd biggest holding. Pursue Wealth Partners LLC’s holdings in Goldman Sachs BDC were worth $8,037,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Signaturefd LLC purchased a new stake in shares of Goldman Sachs BDC in the fourth quarter worth $40,000. CWM LLC increased its stake in shares of Goldman Sachs BDC by 75.0% in the fourth quarter. CWM LLC now owns 3,500 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 1,500 shares in the last quarter. Fifth Third Bancorp purchased a new position in Goldman Sachs BDC during the third quarter valued at $129,000. CFO4Life Group LLC grew its stake in Goldman Sachs BDC by 9.6% during the third quarter. CFO4Life Group LLC now owns 11,091 shares of the financial services provider’s stock valued at $161,000 after acquiring an additional 973 shares in the last quarter. Finally, J.W. Cole Advisors Inc. purchased a new position in Goldman Sachs BDC during the third quarter valued at $171,000. 28.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. StockNews.com raised shares of Goldman Sachs BDC from a “hold” rating to a “buy” rating in a research note on Friday. Wells Fargo & Company raised their target price on shares of Goldman Sachs BDC from $14.50 to $15.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th.

Goldman Sachs BDC Price Performance

Shares of NYSE:GSBD traded up $0.21 on Friday, reaching $15.69. The company’s stock had a trading volume of 743,053 shares, compared to its average volume of 486,625. Goldman Sachs BDC, Inc. has a 52-week low of $12.75 and a 52-week high of $15.72. The company has a market cap of $1.76 billion, a P/E ratio of 8.72 and a beta of 1.13. The company has a 50-day simple moving average of $15.21 and a 200 day simple moving average of $14.89. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.13 and a current ratio of 1.13.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings data 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). Goldman Sachs BDC had a return on equity of 15.05% and a net margin of 43.06%. The business had revenue of $115.40 million during the quarter, compared to analysts’ expectations of $117.09 million. As a group, equities research analysts anticipate that Goldman Sachs BDC, Inc. will post 2.18 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Thursday, March 28th were paid a $0.45 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.47%. Goldman Sachs BDC’s payout ratio is currently 100.00%.

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.