Goldman Sachs BDC, Inc. $GSBD Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 57.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,566 shares of the financial services provider’s stock after selling 63,861 shares during the period. Advisors Asset Management Inc.’s holdings in Goldman Sachs BDC were worth $535,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. MTM Investment Management LLC acquired a new stake in shares of Goldman Sachs BDC during the 2nd quarter valued at $25,000. Farther Finance Advisors LLC acquired a new position in shares of Goldman Sachs BDC in the 2nd quarter worth $34,000. Private Trust Co. NA raised its position in shares of Goldman Sachs BDC by 1,471.7% during the second quarter. Private Trust Co. NA now owns 5,045 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 4,724 shares during the period. Allworth Financial LP lifted its holdings in shares of Goldman Sachs BDC by 48,594.1% during the second quarter. Allworth Financial LP now owns 8,278 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 8,261 shares during the last quarter. Finally, Aspiriant LLC lifted its holdings in shares of Goldman Sachs BDC by 9.5% during the second quarter. Aspiriant LLC now owns 11,500 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors own 28.72% of the company’s stock.

Insider Buying and Selling at Goldman Sachs BDC

In other news, CEO Vivek Bantwal purchased 22,000 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was bought at an average cost of $11.36 per share, with a total value of $249,920.00. Following the purchase, the chief executive officer directly 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 legal filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

GSBD has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price target on Goldman Sachs BDC from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Monday, November 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Goldman Sachs BDC in a report on Wednesday, November 26th. Zacks Research raised shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. Finally, The Goldman Sachs Group set a $9.75 price target on shares of Goldman Sachs BDC in a report on Friday, November 21st. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Goldman Sachs BDC presently has an average rating of “Sell” and a consensus price target of $9.38.

Goldman Sachs BDC Stock Down 0.2%

Goldman Sachs BDC stock opened at $9.92 on Wednesday. Goldman Sachs BDC, Inc. has a twelve month low of $9.35 and a twelve month high of $13.44. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a market cap of $1.13 billion, a PE ratio of 8.55 and a beta of 0.64. The firm’s 50 day moving average price is $9.91 and its two-hundred day moving average price is $10.89.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings results on Thursday, November 6th. The financial services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. Goldman Sachs BDC had a net margin of 34.72% and a return on equity of 12.78%. The business had revenue of $91.60 million for the quarter, compared to analysts’ expectations of $88.16 million. On average, research analysts predict that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 27th. Shareholders of record on Wednesday, December 31st will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 12.9%. The ex-dividend date of this dividend is Wednesday, December 31st. This is an increase from Goldman Sachs BDC’s previous quarterly dividend of $0.04. Goldman Sachs BDC’s payout ratio is currently 110.34%.

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.