Lido Advisors LLC Lowers Position in Goldman Sachs BDC, Inc. $GSBD

Lido Advisors LLC decreased its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 37.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 204,084 shares of the financial services provider’s stock after selling 124,417 shares during the period. Lido Advisors LLC’s holdings in Goldman Sachs BDC were worth $1,877,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Balyasny Asset Management L.P. grew its holdings in shares of Goldman Sachs BDC by 412.8% during the second quarter. Balyasny Asset Management L.P. now owns 1,103,870 shares of the financial services provider’s stock worth $12,419,000 after purchasing an additional 888,608 shares in the last quarter. Ares Management LLC grew its stake in Goldman Sachs BDC by 77.0% in the 4th quarter. Ares Management LLC now owns 1,413,058 shares of the financial services provider’s stock worth $13,113,000 after buying an additional 614,637 shares in the last quarter. American Financial Group Inc. bought a new position in shares of Goldman Sachs BDC in the 4th quarter worth $4,701,000. Invesco Ltd. raised its position in shares of Goldman Sachs BDC by 40.1% during the 4th quarter. Invesco Ltd. now owns 1,490,799 shares of the financial services provider’s stock valued at $13,835,000 after buying an additional 426,859 shares in the last quarter. Finally, Closed End Fund Advisors Inc. bought a new stake in shares of Goldman Sachs BDC during the 4th quarter worth $3,858,000. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on GSBD shares. Truist Financial cut their target price on shares of Goldman Sachs BDC from $10.00 to $9.00 and set a “hold” rating for the company in a research report on Tuesday, May 19th. Wall Street Zen lowered Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. The Goldman Sachs Group cut Goldman Sachs BDC from a “neutral” rating to a “reduce” rating and set a $8.50 price objective for the company. in a report on Thursday, July 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Goldman Sachs BDC in a research report on Tuesday, June 2nd. Finally, Zacks Research downgraded Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Three investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Sell” and a consensus target price of $8.50.

Goldman Sachs BDC Stock Down 0.2%

Shares of NYSE:GSBD opened at $8.64 on Monday. The stock’s 50-day moving average price is $9.07 and its 200-day moving average price is $9.21. Goldman Sachs BDC, Inc. has a 12-month low of $8.35 and a 12-month high of $12.02. The stock has a market capitalization of $973.17 million, a P/E ratio of 13.30 and a beta of 0.56. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.39.

Goldman Sachs BDC (NYSE:GSBD) last released its earnings results on Thursday, May 7th. The financial services provider reported $0.22 earnings per share 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 company had revenue of $10.35 million during the quarter, compared to the consensus estimate of $83.78 million. On average, equities analysts anticipate that Goldman Sachs BDC, Inc. will post 1.14 earnings per share for the current year.

Goldman Sachs BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Tuesday, June 30th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 14.8%. The ex-dividend date of this dividend is Tuesday, June 30th. Goldman Sachs BDC’s payout ratio is 196.92%.

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.