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

Shikiar Asset Management Inc. decreased its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 68.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,950 shares of the financial services provider’s stock after selling 151,900 shares during the period. Shikiar Asset Management Inc. owned about 0.06% of Goldman Sachs BDC worth $612,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. ORG Partners LLC acquired a new position in shares of Goldman Sachs BDC in the 4th quarter valued at about $33,000. Kestra Advisory Services LLC acquired a new stake in Goldman Sachs BDC during the fourth quarter worth about $57,000. Quantbot Technologies LP acquired a new stake in Goldman Sachs BDC during the second quarter worth about $62,000. SHP Wealth Management bought a new position in Goldman Sachs BDC in the fourth quarter worth about $63,000. Finally, Advisory Services Network LLC bought a new position in Goldman Sachs BDC in the third quarter worth about $68,000. 28.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on GSBD shares. Wall Street Zen downgraded Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Truist Financial cut their price target on Goldman Sachs BDC from $10.00 to $9.00 and set a “hold” rating on the stock in a report on Tuesday, May 19th. Zacks Research lowered Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Goldman Sachs BDC in a research report on Tuesday, June 2nd. Four equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Goldman Sachs BDC has an average rating of “Reduce” and an average target price of $9.17.

Goldman Sachs BDC Stock Down 2.5%

GSBD stock opened at $9.46 on Wednesday. The stock has a market cap of $1.07 billion, a PE ratio of 14.56 and a beta of 0.58. The firm’s 50-day simple moving average is $9.26 and its 200 day simple moving average is $9.29. Goldman Sachs BDC, Inc. has a fifty-two week low of $8.65 and a fifty-two week high of $12.03. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.39.

Goldman Sachs BDC (NYSE:GSBD) last posted its earnings results on Thursday, May 7th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). Goldman Sachs BDC had a net margin of 21.32% and a return on equity of 10.94%. The firm had revenue of $10.35 million for the quarter, compared to analyst estimates of $83.78 million. As a group, sell-side analysts predict that Goldman Sachs BDC, Inc. will post 1.15 EPS for the current year.

Goldman Sachs BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 28th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.32 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.28 annualized dividend and a dividend yield of 13.5%. Goldman Sachs BDC’s payout ratio is currently 196.92%.

Insider Transactions at Goldman Sachs BDC

In other Goldman Sachs BDC news, Director Carlos E. Evans acquired 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was acquired at an average cost of $9.02 per share, with a total value of $451,000.00. Following the acquisition, the director directly owned 64,446 shares of the company’s stock, valued at $581,302.92. This represents a 346.12% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by company insiders.

Goldman Sachs BDC Profile

Goldman Sachs BDC, Inc (NYSE: GSBD) is an externally managed, closed-end, non-diversified management investment company organized as a business development company (BDC) under the U.S. Investment Company Act of 1940. The company’s primary objective is to generate current income and capital appreciation through debt and equity investments in U.S. middle-market companies. It principally invests in senior secured loans, mezzanine debt, preferred equity and, to a lesser extent, common equity, focusing on sponsor-backed transactions and special-situation financings.

The fund is advised by affiliates of Goldman Sachs Asset Management’s Private Credit Group, leveraging the firm’s global research capabilities and risk management infrastructure.