Cascade Investment Group Inc. Cuts Stock Holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Cascade Investment Group Inc. trimmed its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 1.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,782 shares of the financial services provider’s stock after selling 1,700 shares during the period. Goldman Sachs BDC comprises approximately 1.1% of Cascade Investment Group Inc.’s portfolio, making the stock its 23rd largest position. Cascade Investment Group Inc. owned about 0.09% of Goldman Sachs BDC worth $1,442,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. SeaCrest Wealth Management LLC boosted its position in Goldman Sachs BDC by 3.0% during the first quarter. SeaCrest Wealth Management LLC now owns 26,016 shares of the financial services provider’s stock valued at $390,000 after buying an additional 767 shares during the period. Strategic Wealth Partners Ltd. boosted its holdings in shares of Goldman Sachs BDC by 6.3% during the third quarter. Strategic Wealth Partners Ltd. now owns 16,985 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 1,000 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Goldman Sachs BDC by 11.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 11,500 shares of the financial services provider’s stock worth $178,000 after purchasing an additional 1,146 shares during the period. Centaurus Financial Inc. boosted its holdings in shares of Goldman Sachs BDC by 15.9% during the second quarter. Centaurus Financial Inc. now owns 9,584 shares of the financial services provider’s stock worth $144,000 after purchasing an additional 1,316 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in shares of Goldman Sachs BDC by 11.2% during the second quarter. ProShare Advisors LLC now owns 17,113 shares of the financial services provider’s stock worth $257,000 after purchasing an additional 1,723 shares during the period. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GSBD has been the subject of a number of analyst reports. Truist Financial dropped their target price on shares of Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating for the company in a report on Monday, August 12th. StockNews.com upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company upgraded shares of Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and dropped their target price for the stock from $14.00 to $12.00 in a report on Monday, August 12th.

Goldman Sachs BDC Stock Performance

Shares of GSBD opened at $13.55 on Wednesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.22 and a quick ratio of 1.22. Goldman Sachs BDC, Inc. has a one year low of $13.38 and a one year high of $15.94. The company has a 50-day simple moving average of $13.98 and a two-hundred day simple moving average of $14.84. The firm has a market capitalization of $1.52 billion, a PE ratio of 7.06 and a beta of 1.07.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.52 by $0.05. Goldman Sachs BDC had a net margin of 19.84% and a return on equity of 15.79%. The business had revenue of $108.62 million during the quarter, compared to analyst estimates of $112.07 million. On average, analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.28%. The ex-dividend date is Monday, September 30th. Goldman Sachs BDC’s dividend payout ratio is 93.75%.

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.