Nicholas Hoffman & Company LLC. Trims Holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Nicholas Hoffman & Company LLC. trimmed its position in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 46.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,364 shares of the financial services provider’s stock after selling 13,134 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Goldman Sachs BDC were worth $225,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new stake in Goldman Sachs BDC in the 1st quarter worth approximately $29,000. Chilton Capital Management LLC bought a new position in Goldman Sachs BDC in the 1st quarter worth approximately $48,000. Money Concepts Capital Corp bought a new position in Goldman Sachs BDC in the 4th quarter worth approximately $55,000. BNP Paribas Arbitrage SNC bought a new position in Goldman Sachs BDC in the 1st quarter worth approximately $61,000. Finally, Harbour Investments Inc. boosted its stake in Goldman Sachs BDC by 37.2% in the 4th quarter. Harbour Investments Inc. now owns 5,740 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 1,555 shares during the period. 28.72% of the stock is owned by hedge funds and other institutional investors.

Goldman Sachs BDC Stock Up 0.5 %

NYSE GSBD opened at $15.33 on Monday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $1.72 billion, a P/E ratio of 8.52 and a beta of 1.13. Goldman Sachs BDC, Inc. has a one year low of $12.75 and a one year high of $15.65. The stock has a 50 day moving average price of $15.18 and a 200-day moving average price of $14.85.

Goldman Sachs BDC (NYSE:GSBD) last posted its 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 firm had revenue of $115.40 million for the quarter, compared to the consensus estimate of $117.09 million. Goldman Sachs BDC had a net margin of 43.06% and a return on equity of 15.05%. As a group, equities analysts predict that Goldman Sachs BDC, Inc. will post 2.18 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.74%. Goldman Sachs BDC’s dividend payout ratio is currently 100.00%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on GSBD shares. StockNews.com downgraded Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research note on Saturday, March 9th. Wells Fargo & Company upped their price target on Goldman Sachs BDC from $14.50 to $15.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th.

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.