Generali Asset Management SPA SGR Has $37.06 Million Stock Holdings in Goldman Sachs BDC, Inc. $GSBD

Key Points

• Generali Asset Management SPA SGR increased its holdings in Goldman Sachs BDC, Inc. by 52.3% during Q2, owning approximately $37.06 million worth of shares at the end of the quarter.
• Goldman Sachs BDC's CEO Vivek Bantwal purchased 22,000 shares for about $249,920, raising his ownership stake significantly.
• Brokerages have issued mixed ratings on Goldman Sachs BDC, with the consensus rating currently being a "Sell."

Generali Asset Management SPA SGR increased its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 52.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,294,022 shares of the financial services provider's stock after buying an additional 1,131,403 shares during the quarter. Goldman Sachs BDC accounts for approximately 0.8% of Generali Asset Management SPA SGR's holdings, making the stock its 24th biggest position. Generali Asset Management SPA SGR owned approximately 2.81% of Goldman Sachs BDC worth $37,058,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC purchased a new position in Goldman Sachs BDC during the 2nd quarter valued at about $97,711,000. Ares Management LLC acquired a new stake in shares of Goldman Sachs BDC during the first quarter worth approximately $5,373,000. North Ground Capital grew its position in Goldman Sachs BDC by 473.8% during the first quarter. North Ground Capital now owns 280,000 shares of the financial services provider's stock valued at $2,996,000 after purchasing an additional 231,205 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in Goldman Sachs BDC by 3,226.2% during the first 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 purchasing an additional 193,186 shares in the last quarter. Finally, Transcend Capital Advisors LLC acquired a new position in Goldman Sachs BDC in the 1st quarter valued at approximately $1,588,000. 28.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Vivek Bantwal bought 22,000 shares of Goldman Sachs BDC stock in a transaction that occurred on Friday, September 12th. The stock was purchased at an average cost of $11.36 per share, for a total transaction of $249,920.00. Following the acquisition, the chief executive officer owned 22,000 shares in the company, valued at $249,920. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.13% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on GSBD. Weiss Ratings reissued a "hold (c-)" rating on shares of Goldman Sachs BDC in a research note on Wednesday, October 8th. Zacks Research lowered Goldman Sachs BDC from a "hold" rating to a "strong sell" rating in a report on Friday, August 15th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Goldman Sachs BDC presently has a consensus rating of "Sell" and a consensus target price of $10.00.

Goldman Sachs BDC Stock Performance

GSBD stock opened at $10.00 on Wednesday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 7.93 and a beta of 0.73. Goldman Sachs BDC, Inc. has a 12 month low of $9.38 and a 12 month high of $13.80. The firm has a 50 day moving average of $10.96 and a two-hundred day moving average of $11.10.

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 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 business had revenue of $90.97 million for the quarter, compared to the consensus estimate of $94.55 million. As a group, equities analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, August 29th. Goldman Sachs BDC's dividend payout ratio is 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.

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