Private Trust Co. NA Has $57,000 Stock Position in Goldman Sachs BDC, Inc. $GSBD

Private Trust Co. NA grew its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 1,471.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 5,045 shares of the financial services provider’s stock after buying an additional 4,724 shares during the quarter. Private Trust Co. NA’s holdings in Goldman Sachs BDC were worth $57,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Nicholas Hoffman & Company LLC. raised its holdings in shares of Goldman Sachs BDC by 5.1% during the first quarter. Nicholas Hoffman & Company LLC. now owns 19,291 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 938 shares during the period. Kraematon Investment Advisors Inc. raised its holdings in shares of Goldman Sachs BDC by 1.6% in the 2nd quarter. Kraematon Investment Advisors Inc. now owns 61,331 shares of the financial services provider’s stock worth $690,000 after acquiring an additional 969 shares during the last quarter. Garde Capital Inc. raised its holdings in shares of Goldman Sachs BDC by 1.0% in the 2nd quarter. Garde Capital Inc. now owns 100,500 shares of the financial services provider’s stock worth $1,131,000 after acquiring an additional 1,000 shares during the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of Goldman Sachs BDC by 4.9% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 22,052 shares of the financial services provider’s stock worth $254,000 after acquiring an additional 1,022 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Goldman Sachs BDC by 6.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 19,835 shares of the financial services provider’s stock worth $231,000 after acquiring an additional 1,147 shares during the last quarter. Institutional investors and hedge funds own 28.72% of the company’s stock.

Insider Transactions at Goldman Sachs BDC

In other news, CEO Vivek Bantwal acquired 22,000 shares of Goldman Sachs BDC 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 transaction, the chief executive officer owned 22,000 shares of the company’s stock, valued at approximately $249,920. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GSBD shares. Weiss Ratings restated a “hold (c-)” rating on shares of Goldman Sachs BDC in a report on Wednesday, October 8th. Zacks Research lowered shares of 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Goldman Sachs BDC has a consensus rating of “Sell” and a consensus target price of $10.00.

Goldman Sachs BDC Trading Down 0.2%

Shares of GSBD stock opened at $9.82 on Friday. Goldman Sachs BDC, Inc. has a 52-week low of $9.38 and a 52-week high of $13.71. 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 company has a 50-day simple moving average of $10.76 and a two-hundred day simple moving average of $11.04. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 7.79 and a beta of 0.73.

Goldman Sachs BDC (NYSE:GSBD) last issued 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). Goldman Sachs BDC had a return on equity of 13.95% and a net margin of 36.17%.The firm had revenue of $90.97 million during the quarter, compared to the consensus estimate of $94.55 million. Research analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 29th. Goldman Sachs BDC’s dividend payout ratio is presently 101.59%.

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.