Goldman Sachs BDC, Inc. (NYSE:GSBD) Position Lessened by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC reduced its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,824 shares of the financial services provider’s stock after selling 1,200 shares during the period. Hexagon Capital Partners LLC’s holdings in Goldman Sachs BDC were worth $305,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Van ECK Associates Corp raised its holdings in Goldman Sachs BDC by 10.6% during the fourth quarter. Van ECK Associates Corp now owns 1,888,203 shares of the financial services provider’s stock valued at $27,662,000 after buying an additional 180,880 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Goldman Sachs BDC by 6.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,107,581 shares of the financial services provider’s stock valued at $16,226,000 after purchasing an additional 67,482 shares during the last quarter. Invesco Ltd. grew its position in shares of Goldman Sachs BDC by 3.3% in the third quarter. Invesco Ltd. now owns 862,743 shares of the financial services provider’s stock valued at $12,562,000 after purchasing an additional 27,451 shares during the last quarter. Advisors Capital Management LLC grew its position in shares of Goldman Sachs BDC by 2.6% in the third quarter. Advisors Capital Management LLC now owns 651,264 shares of the financial services provider’s stock valued at $9,482,000 after purchasing an additional 16,512 shares during the last quarter. Finally, Callodine Capital Management LP grew its position in shares of Goldman Sachs BDC by 50.0% in the third quarter. Callodine Capital Management LP now owns 450,000 shares of the financial services provider’s stock valued at $6,552,000 after purchasing an additional 150,000 shares during the last quarter. 28.72% of the stock is currently owned by institutional investors.

Goldman Sachs BDC Stock Performance

GSBD stock traded up $0.08 during trading on Wednesday, reaching $15.62. 215,527 shares of the stock were exchanged, compared to its average volume of 577,711. The company has a market capitalization of $1.75 billion, a P/E ratio of 8.63 and a beta of 1.13. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.14. Goldman Sachs BDC, Inc. has a twelve month low of $12.75 and a twelve month high of $15.80. The stock has a 50 day simple moving average of $15.23 and a 200-day simple moving average of $14.93.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $117.09 million. Goldman Sachs BDC had a return on equity of 15.05% and a net margin of 43.06%. As a group, sell-side analysts anticipate that Goldman Sachs BDC, Inc. will post 2.18 earnings per share for the current year.

Goldman Sachs BDC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Thursday, March 28th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.52%. The ex-dividend date was Wednesday, March 27th. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 100.00%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GSBD. Wells Fargo & Company raised their price target on Goldman Sachs BDC from $14.50 to $15.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. StockNews.com raised Goldman Sachs BDC from a “hold” rating to a “buy” rating in a research report on Friday, April 26th.

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.