Privium Fund Management UK Ltd Cuts Holdings in Goldman Sachs BDC, Inc. $GSBD

Privium Fund Management UK Ltd lessened its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 13.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,100 shares of the financial services provider’s stock after selling 14,700 shares during the quarter. Goldman Sachs BDC makes up 0.7% of Privium Fund Management UK Ltd’s portfolio, making the stock its 4th biggest position. Privium Fund Management UK Ltd owned 0.08% of Goldman Sachs BDC worth $1,048,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in GSBD. Nicholas Hoffman & Company LLC. increased its position in Goldman Sachs BDC by 5.1% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 19,291 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 938 shares during the period. Kraematon Investment Advisors Inc. boosted its stake in shares of Goldman Sachs BDC by 1.6% during the 2nd quarter. Kraematon Investment Advisors Inc. now owns 61,331 shares of the financial services provider’s stock valued at $690,000 after purchasing an additional 969 shares in the last quarter. Garde Capital Inc. increased its position in shares of Goldman Sachs BDC by 1.0% during the second quarter. Garde Capital Inc. now owns 100,500 shares of the financial services provider’s stock valued at $1,131,000 after buying an additional 1,000 shares during the period. Aspiriant LLC raised its stake in Goldman Sachs BDC by 9.5% in the second quarter. Aspiriant LLC now owns 11,500 shares of the financial services provider’s stock worth $129,000 after buying an additional 1,000 shares in the last quarter. Finally, Atria Wealth Solutions Inc. lifted its holdings in Goldman Sachs BDC by 4.9% in the second quarter. Atria Wealth Solutions Inc. now owns 22,052 shares of the financial services provider’s stock worth $254,000 after buying an additional 1,022 shares during the period. Institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Price Performance

Shares of GSBD opened at $9.81 on Tuesday. Goldman Sachs BDC, Inc. has a fifty-two week low of $9.38 and a fifty-two week high of $13.76. The firm’s 50-day simple moving average is $10.85 and its two-hundred day simple moving average is $11.06. The stock has a market cap of $1.12 billion, a PE ratio of 7.78 and a beta of 0.73. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.50 and a current ratio of 1.50.

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 company had revenue of $90.97 million during the quarter, compared to the consensus estimate of $94.55 million. Goldman Sachs BDC had a return on equity of 13.95% and a net margin of 36.17%. Analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Cuts Dividend

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on GSBD. Weiss Ratings reiterated a “hold (c-)” rating on shares of Goldman Sachs BDC in a report on Wednesday, October 8th. Zacks Research cut 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Sell” and an average target price of $10.00.

Insider Buying and Selling at Goldman Sachs BDC

In related news, CEO Vivek Bantwal purchased 22,000 shares of the stock in a transaction dated Friday, September 12th. The stock was purchased at an average price of $11.36 per share, with a total value of $249,920.00. Following the transaction, the chief executive officer directly owned 22,000 shares in the company, valued at $249,920. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by insiders.

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.