Generali Asset Management SPA SGR Purchases 1,131,403 Shares of Goldman Sachs BDC, Inc. $GSBD

Generali Asset Management SPA SGR boosted its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 52.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,294,022 shares of the financial services provider’s stock after acquiring an additional 1,131,403 shares during the period. Goldman Sachs BDC accounts for 0.8% of Generali Asset Management SPA SGR’s investment portfolio, making the stock its 24th biggest holding. Generali Asset Management SPA SGR’s holdings in Goldman Sachs BDC were worth $37,058,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in GSBD. Wealth Enhancement Advisory Services LLC increased its stake in shares of Goldman Sachs BDC by 30.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 39,538 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 9,182 shares during the period. Aspiriant LLC acquired a new stake in Goldman Sachs BDC in the 1st quarter valued at approximately $122,000. Adams Asset Advisors LLC increased its position in Goldman Sachs BDC by 2.4% in the 1st quarter. Adams Asset Advisors LLC now owns 268,593 shares of the financial services provider’s stock worth $3,124,000 after buying an additional 6,259 shares during the period. United Advisor Group LLC increased its position in Goldman Sachs BDC by 2.3% in the 1st quarter. United Advisor Group LLC now owns 132,979 shares of the financial services provider’s stock worth $1,547,000 after buying an additional 2,990 shares during the period. Finally, PFG Investments LLC lifted its holdings in shares of Goldman Sachs BDC by 33.7% during the first quarter. PFG Investments LLC now owns 73,883 shares of the financial services provider’s stock worth $859,000 after buying an additional 18,633 shares during the last quarter. 28.72% of the stock is owned by institutional investors and hedge funds.

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 on Friday, September 12th. The stock was purchased at an average price of $11.36 per share, for a total transaction of $249,920.00. Following the completion of the purchase, the chief executive officer directly owned 22,000 shares in the company, valued at approximately $249,920. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.13% of the company’s stock.

Goldman Sachs BDC Price Performance

Shares of NYSE:GSBD opened at $10.00 on Wednesday. The firm has a market capitalization of $1.14 billion, a PE ratio of 7.93 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, Inc. has a 1-year low of $9.38 and a 1-year high of $13.80. The business’s 50 day moving average is $10.96 and its 200-day moving average is $11.10.

Goldman Sachs BDC (NYSE:GSBD) last issued its earnings results on Thursday, August 7th. The financial services provider reported $0.38 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $90.97 million during the quarter, compared to the consensus estimate of $94.55 million. Sell-side analysts predict that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Cuts Dividend

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

Analyst Ratings Changes

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

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.