Meridian Wealth Management LLC Sells 2,929 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Meridian Wealth Management LLC decreased its position in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 1.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251,665 shares of the financial services provider’s stock after selling 2,929 shares during the period. Meridian Wealth Management LLC owned approximately 0.22% of Goldman Sachs BDC worth $3,463,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Raymond James Trust N.A. raised its position in Goldman Sachs BDC by 12.1% in the 3rd quarter. Raymond James Trust N.A. now owns 32,141 shares of the financial services provider’s stock worth $442,000 after buying an additional 3,461 shares during the last quarter. Apollon Wealth Management LLC raised its position in Goldman Sachs BDC by 3.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 50,662 shares of the financial services provider’s stock worth $697,000 after buying an additional 1,500 shares during the last quarter. Verdence Capital Advisors LLC purchased a new position in Goldman Sachs BDC in the 3rd quarter worth about $184,000. Confluence Investment Management LLC raised its position in Goldman Sachs BDC by 2.2% in the 3rd quarter. Confluence Investment Management LLC now owns 194,500 shares of the financial services provider’s stock worth $2,676,000 after buying an additional 4,259 shares during the last quarter. Finally, Blake Schutter Theil Wealth Advisors LLC purchased a new position in Goldman Sachs BDC in the 3rd quarter worth about $405,000. Institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Price Performance

NYSE GSBD opened at $12.89 on Friday. Goldman Sachs BDC, Inc. has a 52 week low of $12.67 and a 52 week high of $15.94. The firm has a market capitalization of $1.51 billion, a P/E ratio of 18.41 and a beta of 1.07. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. The company has a 50-day moving average price of $13.55 and a 200-day moving average price of $14.46.

Goldman Sachs BDC (NYSE:GSBD) last released its earnings results on Thursday, November 7th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. The company had revenue of $110.41 million during the quarter, compared to analyst estimates 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 prior year, the firm posted $0.64 EPS. Equities research analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Dividend Announcement

The firm also recently declared 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 is Tuesday, December 31st. This represents a $1.80 annualized dividend and a yield of 13.97%. Goldman Sachs BDC’s payout ratio is 257.15%.

Analyst Upgrades and Downgrades

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

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.