Steward Partners Investment Advisory LLC Sells 12,059 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Steward Partners Investment Advisory LLC cut its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 8.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 136,315 shares of the financial services provider’s stock after selling 12,059 shares during the quarter. Steward Partners Investment Advisory LLC owned 0.12% of Goldman Sachs BDC worth $1,649,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GSBD. JPMorgan Chase & Co. grew its holdings in shares of Goldman Sachs BDC by 221.7% during the third quarter. JPMorgan Chase & Co. now owns 222,475 shares of the financial services provider’s stock worth $3,061,000 after buying an additional 153,316 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Goldman Sachs BDC in the third quarter valued at approximately $1,101,000. Adams Asset Advisors LLC grew its stake in 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 purchasing an additional 76,257 shares in the last quarter. Round Rock Advisors LLC bought a new position in Goldman Sachs BDC in the fourth quarter valued at approximately $907,000. Finally, Maia Wealth LLC grew its stake in Goldman Sachs BDC by 242.7% in the fourth quarter. Maia Wealth LLC now owns 93,871 shares of the financial services provider’s stock valued at $1,202,000 after purchasing an additional 66,476 shares in the last quarter. 28.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research note on Tuesday, March 4th.

Goldman Sachs BDC Stock Performance

GSBD opened at $12.43 on Friday. Goldman Sachs BDC, Inc. has a 12-month low of $11.72 and a 12-month high of $15.94. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 17.75 and a beta of 1.06. The business has a 50 day moving average of $12.60 and a 200-day moving average of $13.16. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, March 31st will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.15%. This is a boost from Goldman Sachs BDC’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, March 31st. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 224.56%.

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.