Adams Asset Advisors LLC Acquires 57,195 Shares of Goldman Sachs BDC, Inc. $GSBD

Key Points

• Adams Asset Advisors LLC has increased its stake in Goldman Sachs BDC, Inc. by 21.3%, owning approximately 0.28% of the company valued at $3.67 million after acquiring an additional 57,195 shares in the second quarter.
• Goldman Sachs BDC reported a quarterly earnings per share (EPS) of $0.38, missing analyst expectations of $0.40, and had a revenue of $90.97 million compared to an anticipated $94.55 million for the quarter.
• The company's quarterly dividend has been cut to $0.03, resulting in a 1.1% yield, with a payout ratio currently at 101.59% and a consensus target price of $10.00 according to analysts' ratings.

Adams Asset Advisors LLC lifted its stake in Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 21.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 325,788 shares of the financial services provider's stock after purchasing an additional 57,195 shares during the quarter. Adams Asset Advisors LLC owned 0.28% of Goldman Sachs BDC worth $3,665,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of GSBD. Creative Financial Designs Inc. ADV acquired a new stake in Goldman Sachs BDC during the 1st quarter worth about $46,000. Mallini Complete Financial Planning LLC acquired a new stake in Goldman Sachs BDC during the 1st quarter worth about $119,000. Aspiriant LLC acquired a new stake in Goldman Sachs BDC during the 1st quarter worth about $122,000. Visionary Wealth Advisors acquired a new stake in Goldman Sachs BDC during the 4th quarter worth about $134,000. Finally, PharVision Advisers LLC acquired a new stake in Goldman Sachs BDC during the 4th quarter worth about $140,000. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Goldman Sachs BDC Stock Down 0.4%

Shares of GSBD traded down $0.05 during midday trading on Friday, reaching $11.19. 213,146 shares of the stock were exchanged, compared to its average volume of 752,406. The firm has a 50 day simple moving average of $11.43 and a 200-day simple moving average of $11.35. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.19. Goldman Sachs BDC, Inc. has a 12-month low of $9.51 and a 12-month high of $14.54. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 8.88 and a beta of 0.75.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.02). Goldman Sachs BDC had a net margin of 36.17% and a return on equity of 13.95%. The company had revenue of $90.97 million during the quarter, compared to the consensus estimate of $94.55 million. Research analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors 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 1.1%. The ex-dividend date of this dividend was Friday, August 29th. Goldman Sachs BDC's dividend payout ratio (DPR) is presently 101.59%.

Insider Buying and Selling at Goldman Sachs BDC

In related news, CEO Vivek Bantwal acquired 22,000 shares of the business's stock in a transaction that occurred on Friday, September 12th. The shares were acquired at an average cost of $11.36 per share, with a total value of $249,920.00. Following the purchase, the chief executive officer owned 22,000 shares of the company's stock, valued at approximately $249,920. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.12% of the company's stock.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Goldman Sachs BDC from a "hold" rating to a "strong sell" rating in a research report on Friday, August 15th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of "Sell" and a consensus price target of $10.00.

About Goldman Sachs BDC

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.