Dynamic Technology Lab Private Ltd Sells 52,197 Shares of Goldman Sachs BDC, Inc. $GSBD

Key Points

• Dynamic Technology Lab Private Ltd reduced its holdings in Goldman Sachs BDC, Inc. by 62.0%, owning 31,946 shares valued at $372,000 after selling 52,197 shares in the first quarter.
• Goldman Sachs BDC reported Q2 earnings of $0.38 per share, missing expectations by $0.02, with revenue falling short at $90.97 million compared to the consensus estimate of $94.55 million.
• The company has announced a quarterly dividend of $0.03 per share, with an annualized dividend yield of 1.1%, though its payout ratio is notably high at 101.59%.

Dynamic Technology Lab Private Ltd lessened its position in Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 62.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,946 shares of the financial services provider's stock after selling 52,197 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Goldman Sachs BDC were worth $372,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC increased its holdings in Goldman Sachs BDC by 211.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,074 shares of the financial services provider's stock worth $37,000 after purchasing an additional 2,086 shares in the last quarter. Creative Financial Designs Inc. ADV acquired a new position in Goldman Sachs BDC in the 1st quarter worth about $46,000. Mallini Complete Financial Planning LLC acquired a new position in Goldman Sachs BDC in the 1st quarter worth about $119,000. Aspiriant LLC acquired a new position in Goldman Sachs BDC in the 1st quarter worth about $122,000. Finally, Visionary Wealth Advisors acquired a new position in Goldman Sachs BDC in the 4th quarter worth about $134,000. Institutional investors and hedge funds own 28.72% of the company's stock.

Insider Buying and Selling

In other Goldman Sachs BDC news, CEO Vivek Bantwal bought 22,000 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The stock was acquired at an average price of $11.36 per share, with a total value of $249,920.00. Following the completion of the purchase, the chief executive officer directly owned 22,000 shares of the company's stock, valued at approximately $249,920. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

Goldman Sachs BDC Trading Up 0.5%

Shares of NYSE GSBD traded up $0.06 during trading on Wednesday, reaching $11.37. The company had a trading volume of 78,663 shares, compared to its average volume of 752,041. The company's fifty day moving average price is $11.45 and its 200-day moving average price is $11.36. Goldman Sachs BDC, Inc. has a 12 month low of $9.51 and a 12 month high of $14.54. The stock has a market cap of $1.30 billion, a P/E ratio of 9.02 and a beta of 0.75. 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 (NYSE:GSBD - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.38 EPS 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. As a group, 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 announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.12 annualized dividend and a yield of 1.1%. Goldman Sachs BDC's dividend payout ratio (DPR) is currently 101.59%.

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.