Bay Colony Advisory Group Inc d b a Bay Colony Advisors Sells 6,224 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors cut its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 35.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 11,335 shares of the financial services provider’s stock after selling 6,224 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Goldman Sachs BDC were worth $170,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. WFA Asset Management Corp acquired a new position in shares of Goldman Sachs BDC in the first quarter valued at approximately $29,000. Signaturefd LLC acquired a new position in Goldman Sachs BDC in the 4th quarter worth $40,000. Register Financial Advisors LLC bought a new position in Goldman Sachs BDC during the 1st quarter worth about $41,000. Creekmur Asset Management LLC acquired a new stake in shares of Goldman Sachs BDC in the 4th quarter valued at about $45,000. Finally, CWM LLC lifted its holdings in shares of Goldman Sachs BDC by 75.0% in the fourth quarter. CWM LLC now owns 3,500 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 1,500 shares in the last quarter. 28.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on GSBD shares. Wells Fargo & Company raised Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and dropped their target price for the company from $14.00 to $12.00 in a research report on Monday, August 12th. StockNews.com downgraded shares of Goldman Sachs BDC from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Finally, Truist Financial cut their price objective on shares of Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating on the stock in a research report on Monday, August 12th.

Goldman Sachs BDC Stock Performance

GSBD opened at $14.17 on Friday. The business’s 50-day simple moving average is $14.94 and its 200 day simple moving average is $15.16. Goldman Sachs BDC, Inc. has a 52-week low of $13.39 and a 52-week high of $15.94. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $1.59 billion, a PE ratio of 7.38 and a beta of 1.08.

Goldman Sachs BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders 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 12.70%. The ex-dividend date is Friday, September 27th. Goldman Sachs BDC’s dividend payout ratio is currently 93.75%.

About Goldman Sachs BDC

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.