Vivek Bantwal Acquires 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 bought 22,000 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was bought 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 in the company, valued at $249,920. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Goldman Sachs BDC Stock Performance

Shares of GSBD traded down $0.20 during trading hours on Monday, hitting $11.17. The stock had a trading volume of 797,451 shares, compared to its average volume of 756,534. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.50 and a current ratio of 1.50. The firm has a 50-day moving average price of $11.46 and a 200 day moving average price of $11.37. Goldman Sachs BDC, Inc. has a fifty-two week low of $9.51 and a fifty-two week high of $14.54. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 8.86 and a beta of 0.75.

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

Goldman Sachs BDC Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MTM Investment Management LLC purchased a new position in Goldman Sachs BDC in the 2nd quarter valued at about $25,000. Farther Finance Advisors LLC purchased a new position in Goldman Sachs BDC in the 2nd quarter valued at about $34,000. Creative Financial Designs Inc. ADV purchased a new position in Goldman Sachs BDC in the 1st quarter valued at about $46,000. Private Trust Co. NA increased its stake in shares of Goldman Sachs BDC by 1,471.7% during the 2nd quarter. Private Trust Co. NA now owns 5,045 shares of the financial services provider's stock valued at $57,000 after acquiring an additional 4,724 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Goldman Sachs BDC during the 2nd quarter valued at about $62,000. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

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 research report on Friday, August 15th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, Goldman Sachs BDC presently has an average rating of "Sell" and an average target price of $10.00.

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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