Hennion & Walsh Asset Management Inc. Sells 25,982 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Hennion & Walsh Asset Management Inc. lowered its position in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 8.4% during the 4th quarter, Holdings Channel reports. The fund owned 283,492 shares of the financial services provider’s stock after selling 25,982 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Goldman Sachs BDC were worth $3,430,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Redhawk Wealth Advisors Inc. lifted its stake in shares of Goldman Sachs BDC by 12.4% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 43,960 shares of the financial services provider’s stock valued at $532,000 after buying an additional 4,860 shares in the last quarter. Adams Asset Advisors LLC lifted its position 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 acquiring an additional 76,257 shares in the last quarter. Capital Market Strategies LLC boosted its stake 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 valued at $1,670,000 after purchasing an additional 21,968 shares during the last quarter. Versant Capital Management Inc increased its holdings in Goldman Sachs BDC by 143.4% during the 4th quarter. Versant Capital Management Inc now owns 13,331 shares of the financial services provider’s stock worth $161,000 after purchasing an additional 7,854 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Goldman Sachs BDC by 221.7% in the third quarter. JPMorgan Chase & Co. now owns 222,475 shares of the financial services provider’s stock worth $3,061,000 after purchasing an additional 153,316 shares during the last quarter. Institutional investors and hedge funds own 28.72% of the company’s stock.

Wall Street Analyst Weigh In

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

Goldman Sachs BDC Stock Performance

Shares of GSBD stock opened at $12.40 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a 50-day moving average of $12.67 and a 200-day moving average of $13.69. Goldman Sachs BDC, Inc. has a one year low of $11.72 and a one year high of $15.94. The company has a market cap of $1.45 billion, a P/E ratio of 17.71 and a beta of 1.06.

Goldman Sachs BDC (NYSE:GSBD) last posted its earnings results on Thursday, November 7th. The financial services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. The firm had revenue of $110.41 million for 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 quarter last year, the firm earned $0.64 EPS. Equities research analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 EPS 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. Shareholders of record on Tuesday, December 31st will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a yield of 14.52%. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 257.15%.

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.