Naviter Wealth LLC Buys 37,758 Shares of Goldman Sachs BDC, Inc. $GSBD

Naviter Wealth LLC raised its stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 25.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 185,208 shares of the financial services provider’s stock after buying an additional 37,758 shares during the period. Naviter Wealth LLC’s holdings in Goldman Sachs BDC were worth $2,170,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC acquired a new position in shares of Goldman Sachs BDC in the second quarter worth approximately $97,711,000. Raymond James Financial Inc. lifted its position in shares of Goldman Sachs BDC by 1.9% in the 1st quarter. Raymond James Financial Inc. now owns 683,271 shares of the financial services provider’s stock worth $7,946,000 after purchasing an additional 12,701 shares during the period. Ares Management LLC bought a new stake in shares of Goldman Sachs BDC in the 1st quarter valued at $5,373,000. Muzinich & Co. Inc. increased its position in shares of Goldman Sachs BDC by 9.8% during the first quarter. Muzinich & Co. Inc. now owns 434,147 shares of the financial services provider’s stock worth $5,049,000 after buying an additional 38,845 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Goldman Sachs BDC by 7.8% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 418,070 shares of the financial services provider’s stock worth $4,862,000 after buying an additional 30,172 shares during the last quarter. Institutional investors and hedge funds own 28.72% of the company’s stock.

Analysts Set New Price Targets

GSBD has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Goldman Sachs BDC in a research report on Wednesday, October 8th. Zacks Research downgraded Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research note on Friday, August 15th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Sell” and a consensus price target of $10.00.

Goldman Sachs BDC Trading Up 3.3%

GSBD opened at $9.89 on Tuesday. The company has a fifty day moving average price of $10.98 and a two-hundred day moving average price of $11.11. Goldman Sachs BDC, Inc. has a 1-year low of $9.38 and a 1-year high of $13.80. The company has a market cap of $1.13 billion, a P/E ratio of 7.85 and a beta of 0.73. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.19.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). Goldman Sachs BDC had a return on equity of 13.95% and a net margin of 36.17%.The company had revenue of $90.97 million for the quarter, compared to the consensus estimate of $94.55 million. Analysts predict that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 29th. Goldman Sachs BDC’s dividend payout ratio (DPR) is 101.59%.

Insider Activity at Goldman Sachs BDC

In other news, CEO Vivek Bantwal bought 22,000 shares of the stock in a transaction dated Friday, September 12th. The shares were bought at an average cost of $11.36 per share, with a total value of $249,920.00. Following the completion of the transaction, the chief executive officer directly owned 22,000 shares of the company’s stock, valued at $249,920. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

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.