Dynamic Technology Lab Private Ltd Decreases Position in 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 cut its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 62.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,946 shares of the financial services provider's stock after selling 52,197 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Goldman Sachs BDC were worth $372,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Ares Management LLC purchased a new stake in shares of Goldman Sachs BDC during the 1st quarter valued at about $5,373,000. Cubist Systematic Strategies LLC boosted its holdings in shares of Goldman Sachs BDC by 111.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 38,958 shares of the financial services provider's stock valued at $453,000 after acquiring an additional 20,575 shares during the last quarter. North Ground Capital boosted its holdings in shares of Goldman Sachs BDC by 473.8% during the 1st quarter. North Ground Capital now owns 280,000 shares of the financial services provider's stock valued at $2,996,000 after acquiring an additional 231,205 shares during the last quarter. MAS Advisors LLC boosted its holdings in shares of Goldman Sachs BDC by 45.7% during the 1st quarter. MAS Advisors LLC now owns 25,070 shares of the financial services provider's stock valued at $292,000 after acquiring an additional 7,866 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Goldman Sachs BDC by 3,226.2% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 199,174 shares of the financial services provider's stock valued at $2,316,000 after acquiring an additional 193,186 shares during the last quarter. 28.72% of the stock is owned by institutional investors.

Goldman Sachs BDC Trading Up 0.9%

Shares of NYSE:GSBD opened at $11.41 on Friday. The stock has a 50 day moving average of $11.47 and a 200 day moving average of $11.41. The company has a market cap of $1.30 billion, a PE ratio of 9.06 and a beta of 0.75. The company has a current ratio of 1.50, a quick 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.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.02). The company had revenue of $90.97 million for the quarter, compared to the consensus estimate of $94.55 million. Goldman Sachs BDC had a net margin of 36.17% and a return on equity of 13.95%. As a group, equities research analysts expect 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 will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a dividend of $0.03 per share. The ex-dividend date is Friday, August 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.1%. Goldman Sachs BDC's payout ratio is 101.59%.

Wall Street Analysts Forecast Growth

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

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