Private Trust Co. NA Buys 4,724 Shares of Goldman Sachs BDC, Inc. $GSBD

Private Trust Co. NA increased its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 1,471.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,045 shares of the financial services provider’s stock after purchasing an additional 4,724 shares during the quarter. Private Trust Co. NA’s holdings in Goldman Sachs BDC were worth $57,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC bought a new stake in shares of Goldman Sachs BDC in the second quarter worth $34,000. Creative Financial Designs Inc. ADV bought a new stake in shares of Goldman Sachs BDC in the first quarter worth $46,000. Mallini Complete Financial Planning LLC bought a new stake in shares of Goldman Sachs BDC in the first quarter worth $119,000. AlphaCore Capital LLC bought a new stake in shares of Goldman Sachs BDC in the first quarter worth $143,000. Finally, Catalina Capital Group LLC bought a new stake in shares of Goldman Sachs BDC in the second quarter worth $140,000. Institutional investors own 28.72% of the company’s stock.

Insider Buying and Selling at Goldman Sachs BDC

In related news, CEO Vivek Bantwal acquired 22,000 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were purchased at an average price of $11.36 per share, for a total transaction of $249,920.00. Following the completion of the acquisition, the chief executive officer owned 22,000 shares of the company’s stock, valued at approximately $249,920. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on GSBD shares. Zacks Research cut shares of Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research note on Friday, August 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of Goldman Sachs BDC in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Goldman Sachs BDC currently has an average rating of “Sell” and a consensus target price of $10.00.

Goldman Sachs BDC Stock Performance

Shares of GSBD opened at $9.82 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $1.12 billion, a P/E ratio of 7.79 and a beta of 0.73. The firm’s fifty day simple moving average is $10.76 and its two-hundred day simple moving average is $11.04. Goldman Sachs BDC, Inc. has a 12 month low of $9.38 and a 12 month high of $13.71.

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

Goldman Sachs BDC Cuts Dividend

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

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.