Stiles Financial Services Inc Boosts Stock Holdings in Goldman Sachs BDC, Inc. $GSBD

Key Points

• Stiles Financial Services Inc increased its holdings in Goldman Sachs BDC, Inc. by 32% during Q2, ultimately owning 111,007 shares valued at approximately $1.25 million.
• The CEO of Goldman Sachs BDC, Vivek Bantwal, purchased 22,000 shares at $11.36 each, bringing his total ownership to 22,000 shares valued at about $249,920.
• Goldman Sachs BDC's stock has been downgraded to a "strong sell" rating by Zacks Research, with a consensus rating of "Sell" and an average price target of $10.00.

Stiles Financial Services Inc grew its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 32.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 111,007 shares of the financial services provider's stock after buying an additional 26,924 shares during the quarter. Stiles Financial Services Inc owned 0.09% of Goldman Sachs BDC worth $1,249,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC purchased a new stake in Goldman Sachs BDC in the second quarter worth approximately $97,711,000. Raymond James Financial Inc. boosted its holdings in Goldman Sachs BDC by 1.9% in the first quarter. Raymond James Financial Inc. now owns 683,271 shares of the financial services provider's stock worth $7,946,000 after purchasing an additional 12,701 shares during the last quarter. Ares Management LLC purchased a new stake in Goldman Sachs BDC in the first quarter worth approximately $5,373,000. Muzinich & Co. Inc. boosted its holdings in Goldman Sachs BDC by 9.8% in the first quarter. Muzinich & Co. Inc. now owns 434,147 shares of the financial services provider's stock worth $5,049,000 after purchasing an additional 38,845 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in Goldman Sachs BDC by 7.8% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 418,070 shares of the financial services provider's stock worth $4,862,000 after purchasing an additional 30,172 shares during the last quarter. Hedge funds and other institutional investors own 28.72% of the company's stock.

Insider Activity at Goldman Sachs BDC

In other Goldman Sachs BDC news, CEO Vivek Bantwal acquired 22,000 shares of the company's stock in a transaction on Friday, September 12th. The stock was 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 directly owned 22,000 shares of the company's stock, valued at approximately $249,920. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.12% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

GSBD has been the topic of several recent research reports. Zacks Research downgraded shares of Goldman Sachs BDC from a "hold" rating to a "strong sell" rating in a research report on Friday, August 15th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Goldman Sachs BDC in a research report on Wednesday. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Goldman Sachs BDC currently has a consensus rating of "Sell" and an average price target of $10.00.

Goldman Sachs BDC Stock Down 2.3%

Shares of GSBD stock opened at $9.54 on Friday. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 7.57 and a beta of 0.73. Goldman Sachs BDC, Inc. has a one year low of $9.48 and a one year high of $13.80. The company's fifty day moving average price is $11.04 and its 200-day moving average price is $11.16. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.50 and a quick ratio of 1.50.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last announced its quarterly earnings results 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 during 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%. Sell-side analysts expect that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders 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 1.3%. The ex-dividend date of this dividend was Friday, August 29th. Goldman Sachs BDC's dividend payout ratio (DPR) is presently 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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