Vivek Bantwal Buys 22,000 Shares of Goldman Sachs BDC (NYSE:GSBD) Stock

Key Points

• Vivek Bantwal, CEO of Goldman Sachs BDC, acquired 22,000 shares of the company's stock at an average price of $11.36 per share, totaling $249,920.
• Goldman Sachs BDC recently announced a quarterly dividend of $0.03, which carries a 1.1% yield, but the dividend payout ratio stands at 101.59%.
• Zacks Research analysts downgraded Goldman Sachs BDC to a "strong sell" rating, indicating a bearish outlook with an average target price of $10.00.

Goldman Sachs BDC, Inc. (NYSE:GSBD - Get Free Report) CEO Vivek Bantwal acquired 22,000 shares of the business's stock in a transaction dated Friday, September 12th. The stock was purchased at an average price of $11.36 per share, with a total value of $249,920.00. Following the completion of the acquisition, the chief executive officer directly owned 22,000 shares in the company, valued at approximately $249,920. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Goldman Sachs BDC Price Performance

Shares of GSBD remained flat at $11.24 during trading hours on Friday. The stock had a trading volume of 847,879 shares, compared to its average volume of 519,087. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 8.92 and a beta of 0.75. The company's 50-day moving average is $11.42 and its 200 day moving average is $11.34. 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 1 year low of $9.51 and a 1 year high of $14.54.

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

Goldman Sachs BDC Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a $0.03 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.12 annualized dividend and a dividend yield of 1.1%. Goldman Sachs BDC's payout ratio is currently 101.59%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GSBD. Stiles Financial Services Inc boosted its position in Goldman Sachs BDC by 165.4% during the 1st quarter. Stiles Financial Services Inc now owns 84,083 shares of the financial services provider's stock valued at $978,000 after acquiring an additional 52,406 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Goldman Sachs BDC by 24.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 125,142 shares of the financial services provider's stock worth $1,455,000 after acquiring an additional 24,687 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Goldman Sachs BDC by 7.8% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 418,070 shares of the financial services provider's stock worth $4,862,000 after acquiring an additional 30,172 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Goldman Sachs BDC by 25.6% during the 4th quarter. Ameriprise Financial Inc. now owns 125,016 shares of the financial services provider's stock worth $1,477,000 after acquiring an additional 25,491 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in shares of Goldman Sachs BDC by 198.6% during the 4th quarter. BNP Paribas Financial Markets now owns 105,442 shares of the financial services provider's stock worth $1,276,000 after acquiring an additional 70,131 shares during the period. Hedge funds and other institutional investors own 28.72% of the company's stock.

Analysts Set New Price Targets

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