Cascade Investment Group Inc. Sells 35,757 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Cascade Investment Group Inc. reduced its stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 34.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 69,025 shares of the financial services provider’s stock after selling 35,757 shares during the quarter. Cascade Investment Group Inc.’s holdings in Goldman Sachs BDC were worth $835,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GSBD. Shikiar Asset Management Inc. grew its stake in Goldman Sachs BDC by 6.7% in the fourth quarter. Shikiar Asset Management Inc. now owns 450,090 shares of the financial services provider’s stock worth $5,446,000 after purchasing an additional 28,100 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new position in shares of Goldman Sachs BDC during the fourth quarter valued at $135,000. Redhawk Wealth Advisors Inc. increased its stake in shares of Goldman Sachs BDC by 12.4% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 43,960 shares of the financial services provider’s stock valued at $532,000 after buying an additional 4,860 shares during the period. Adams Asset Advisors LLC raised its holdings in shares of Goldman Sachs BDC by 41.0% in the fourth quarter. Adams Asset Advisors LLC now owns 262,334 shares of the financial services provider’s stock valued at $3,174,000 after acquiring an additional 76,257 shares in the last quarter. Finally, Capital Market Strategies LLC grew its holdings in Goldman Sachs BDC by 18.9% during the 4th quarter. Capital Market Strategies LLC now owns 137,993 shares of the financial services provider’s stock worth $1,670,000 after acquiring an additional 21,968 shares in the last quarter. 28.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th.

Goldman Sachs BDC Trading Down 1.1 %

GSBD opened at $12.27 on Monday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.19. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 17.53 and a beta of 1.06. Goldman Sachs BDC, Inc. has a 12 month low of $11.72 and a 12 month high of $15.94. The stock has a fifty day moving average price of $12.66 and a 200-day moving average price of $13.64.

Goldman Sachs BDC (NYSE:GSBD) last announced its earnings results on Thursday, November 7th. The financial services provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The business had revenue of $110.41 million during the quarter, compared to the consensus estimate of $112.43 million. Goldman Sachs BDC had a net margin of 17.01% and a return on equity of 15.72%. During the same period in the previous year, the company posted $0.64 earnings per share. As a group, equities research analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Tuesday, December 31st will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 14.67%. The ex-dividend date is Tuesday, December 31st. Goldman Sachs BDC’s dividend payout ratio is currently 257.15%.

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.