BluePointe Capital Management LLC Sells 33,890 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

BluePointe Capital Management LLC reduced its stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 41.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,076 shares of the financial services provider’s stock after selling 33,890 shares during the quarter. BluePointe Capital Management LLC’s holdings in Goldman Sachs BDC were worth $669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of GSBD. Farther Finance Advisors LLC boosted its stake in Goldman Sachs BDC by 4,607.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,024 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 1,981 shares in the last quarter. WFA Asset Management Corp bought a new stake in Goldman Sachs BDC during the 3rd quarter valued at about $33,000. Rothschild Investment LLC bought a new stake in shares of Goldman Sachs BDC in the second quarter valued at about $113,000. Zions Bancorporation N.A. purchased a new position in Goldman Sachs BDC in the second quarter valued at about $128,000. Finally, Centaurus Financial Inc. boosted its stake in Goldman Sachs BDC by 15.9% in the 2nd 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 in the last quarter. 28.72% of the stock is currently owned by institutional investors.

Goldman Sachs BDC Trading Down 0.6 %

NYSE GSBD opened at $12.76 on Friday. The stock has a 50-day simple moving average of $13.66 and a 200 day simple moving average of $14.56. 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 company has a market capitalization of $1.50 billion, a PE ratio of 18.23 and a beta of 1.07. Goldman Sachs BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $15.94.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings data 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 firm had revenue of $110.41 million during the quarter, compared to analysts’ expectations 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 business posted $0.64 earnings per share. Research analysts forecast that Goldman Sachs BDC, Inc. will post 2.18 EPS for the current year.

Goldman Sachs BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Tuesday, December 31st will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 14.11%. The ex-dividend date of this dividend is Tuesday, December 31st. Goldman Sachs BDC’s payout ratio is 257.15%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GSBD. Wells Fargo & Company upgraded shares of Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and reduced their target price for the company from $14.00 to $12.00 in a research report on Monday, August 12th. StockNews.com raised Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, Truist Financial decreased their price target on shares of Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating for the company in a research report on Monday, August 12th.

Goldman Sachs BDC 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.