Goldman Sachs BDC, Inc. $GSBD Position Trimmed by Denali Advisors LLC

Denali Advisors LLC trimmed its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 2.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 166,725 shares of the financial services provider’s stock after selling 3,727 shares during the period. Denali Advisors LLC owned about 0.14% of Goldman Sachs BDC worth $1,876,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC bought a new stake in Goldman Sachs BDC during the second quarter worth approximately $34,000. Creative Financial Designs Inc. ADV purchased a new stake in shares of Goldman Sachs BDC in the 1st quarter valued at approximately $46,000. Private Trust Co. NA lifted its position in shares of Goldman Sachs BDC by 1,471.7% in the 2nd quarter. Private Trust Co. NA now owns 5,045 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 4,724 shares in the last quarter. Mallini Complete Financial Planning LLC purchased a new stake in shares of Goldman Sachs BDC in the 1st quarter valued at approximately $119,000. Finally, Aspiriant LLC lifted its position in shares of Goldman Sachs BDC by 9.5% in the 2nd quarter. Aspiriant LLC now owns 11,500 shares of the financial services provider’s stock valued at $129,000 after acquiring an additional 1,000 shares in the last quarter. 28.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Goldman Sachs BDC in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research report on Friday, August 15th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Sell” and an average target price of $10.00.

Goldman Sachs BDC Trading Up 1.3%

Shares of NYSE:GSBD opened at $9.90 on Wednesday. The firm has a fifty day moving average of $10.82 and a two-hundred day moving average of $11.05. The firm has a market capitalization of $1.13 billion, a P/E ratio of 7.85 and a beta of 0.73. Goldman Sachs BDC, Inc. has a 12-month low of $9.38 and a 12-month high of $13.72. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.19.

Goldman Sachs BDC (NYSE:GSBD) last issued its earnings results 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). The company had revenue of $90.97 million for the quarter, compared to analyst estimates of $94.55 million. Goldman Sachs BDC had a net margin of 36.17% and a return on equity of 13.95%. On average, equities analysts expect that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Cuts Dividend

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

Insider Buying and Selling at Goldman Sachs BDC

In other Goldman Sachs BDC news, CEO Vivek Bantwal purchased 22,000 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were acquired at an average price of $11.36 per share, for a total transaction of $249,920.00. Following the acquisition, the chief executive officer 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 legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Goldman Sachs BDC 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.