Canton Hathaway LLC Sells 8,610 Shares of Goldman Sachs BDC, Inc. $GSBD

Canton Hathaway LLC decreased its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 31.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,110 shares of the financial services provider’s stock after selling 8,610 shares during the period. Canton Hathaway LLC’s holdings in Goldman Sachs BDC were worth $215,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GSBD. Kingstone Capital Partners Texas LLC bought a new position in shares of Goldman Sachs BDC during the second quarter valued at approximately $97,711,000. Generali Asset Management SPA SGR increased its position in shares of Goldman Sachs BDC by 52.3% during the second quarter. Generali Asset Management SPA SGR now owns 3,294,022 shares of the financial services provider’s stock valued at $37,058,000 after acquiring an additional 1,131,403 shares in the last quarter. Ares Management LLC bought a new stake in shares of Goldman Sachs BDC during the first quarter valued at approximately $5,373,000. Transcend Capital Advisors LLC increased its position in shares of Goldman Sachs BDC by 208.9% during the second quarter. Transcend Capital Advisors LLC now owns 421,763 shares of the financial services provider’s stock valued at $4,745,000 after acquiring an additional 285,222 shares in the last quarter. Finally, North Ground Capital increased its position in shares of Goldman Sachs BDC by 473.8% during the first quarter. North Ground Capital now owns 280,000 shares of the financial services provider’s stock valued at $2,996,000 after acquiring an additional 231,205 shares in the last quarter. Institutional investors own 28.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GSBD shares. 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. Weiss Ratings reissued a “hold (c-)” rating on shares of Goldman Sachs BDC in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Sell” and an average target price of $10.00.

Goldman Sachs BDC Trading Down 1.0%

Shares of GSBD stock opened at $9.93 on Friday. Goldman Sachs BDC, Inc. has a 12-month low of $9.38 and a 12-month high of $13.51. 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 firm’s 50 day moving average is $10.64 and its 200 day moving average is $11.04. The stock has a market capitalization of $1.13 billion, a P/E ratio of 7.88 and a beta of 0.73.

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 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 company had revenue of $90.97 million during the quarter, compared to analysts’ expectations of $94.55 million. Research analysts expect 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 declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid 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 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 company’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 purchase, the chief executive officer directly owned 22,000 shares of the company’s stock, valued at $249,920. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.12% of the stock is owned by corporate 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.