Herbst Group LLC Has $277,000 Holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Herbst Group LLC trimmed its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 44.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,900 shares of the financial services provider’s stock after selling 18,100 shares during the quarter. Herbst Group LLC’s holdings in Goldman Sachs BDC were worth $277,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Shikiar Asset Management Inc. lifted its stake in Goldman Sachs BDC by 6.7% in the fourth quarter. Shikiar Asset Management Inc. now owns 450,090 shares of the financial services provider’s stock valued at $5,446,000 after buying an additional 28,100 shares during the period. Wealthcare Advisory Partners LLC acquired a new stake in shares of Goldman Sachs BDC in the 4th quarter valued at approximately $135,000. Redhawk Wealth Advisors Inc. increased its position in Goldman Sachs BDC by 12.4% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 43,960 shares of the financial services provider’s stock worth $532,000 after buying an additional 4,860 shares during the last quarter. Adams Asset Advisors LLC grew its stake in Goldman Sachs BDC by 41.0% in the 4th quarter. Adams Asset Advisors LLC now owns 262,334 shares of the financial services provider’s stock valued at $3,174,000 after buying an additional 76,257 shares during the last quarter. Finally, Capital Market Strategies LLC increased its position in Goldman Sachs BDC by 18.9% during the 4th quarter. Capital Market Strategies LLC now owns 137,993 shares of the financial services provider’s stock worth $1,670,000 after buying an additional 21,968 shares during the period. 28.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th.

Goldman Sachs BDC Stock Down 1.1 %

Goldman Sachs BDC stock opened at $12.27 on Friday. 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 firm’s fifty day moving average price is $12.66 and its two-hundred day moving average price is $13.65. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 17.53 and a beta of 1.06. Goldman Sachs BDC, Inc. has a 1-year low of $11.72 and a 1-year high of $15.94.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings data on Thursday, November 7th. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. Goldman Sachs BDC had a return on equity of 15.72% and a net margin of 17.01%. The business had revenue of $110.41 million for the quarter, compared to analysts’ expectations of $112.43 million. During the same quarter in the previous year, the firm earned $0.64 earnings per share. On average, equities research analysts predict that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 14.67%. The ex-dividend date of this dividend is Tuesday, December 31st. Goldman Sachs BDC’s payout ratio is 257.15%.

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.