Goldman Sachs BDC, Inc. $GSBD Stock Position Cut by Shikiar Asset Management Inc.

Shikiar Asset Management Inc. decreased its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 68.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,950 shares of the financial services provider’s stock after selling 151,900 shares during the period. Shikiar Asset Management Inc.’s holdings in Goldman Sachs BDC were worth $612,000 as of its most recent SEC filing.

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

Insider Transactions at Goldman Sachs BDC

In related news, Director Carlos E. Evans acquired 50,000 shares of the business’s stock in a transaction on Thursday, April 2nd. The shares were purchased at an average price of $9.02 per share, for a total transaction of $451,000.00. Following the acquisition, the director owned 64,446 shares in the company, valued at approximately $581,302.92. This represents a 346.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

Goldman Sachs BDC Stock Performance

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

Goldman Sachs BDC (NYSE:GSBD) last announced 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 return on equity of 10.94% and a net margin of 21.32%.The company had revenue of $10.35 million for the quarter, compared to analyst estimates of $83.78 million. As a group, equities analysts predict that Goldman Sachs BDC, Inc. will post 1.15 EPS for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 28th. Investors of record on Tuesday, June 30th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.28 dividend on an annualized basis and a yield of 13.5%. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 196.92%.

Wall Street Analysts Forecast Growth

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

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.