Columbia Advisory Partners LLC Trims Stake in Goldman Sachs BDC, Inc. $GSBD

Columbia Advisory Partners LLC lowered its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 34.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,633 shares of the financial services provider’s stock after selling 18,014 shares during the quarter. Columbia Advisory Partners LLC’s holdings in Goldman Sachs BDC were worth $378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Stiles Financial Services Inc increased its position in shares of Goldman Sachs BDC by 165.4% during the first quarter. Stiles Financial Services Inc now owns 84,083 shares of the financial services provider’s stock valued at $978,000 after buying an additional 52,406 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Goldman Sachs BDC by 24.6% during the first quarter. Envestnet Asset Management Inc. now owns 125,142 shares of the financial services provider’s stock valued at $1,455,000 after buying an additional 24,687 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in Goldman Sachs BDC by 7.8% during 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 acquiring an additional 30,172 shares in the last quarter. Meridian Wealth Management LLC boosted its stake in Goldman Sachs BDC by 12.5% during the first quarter. Meridian Wealth Management LLC now owns 313,291 shares of the financial services provider’s stock worth $3,644,000 after acquiring an additional 34,833 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Goldman Sachs BDC by 30.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 39,538 shares of the financial services provider’s stock worth $460,000 after acquiring an additional 9,182 shares in the last quarter. Hedge funds and other institutional investors own 28.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Zacks Research lowered shares of Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research note on Friday, August 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of Goldman Sachs BDC in a research note on Wednesday. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Sell” and a consensus target price of $10.00.

Insider Activity

In other news, CEO Vivek Bantwal bought 22,000 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were purchased at an average price of $11.36 per share, for a total transaction of $249,920.00. Following the completion of the purchase, the chief executive officer 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 document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.12% of the company’s stock.

Goldman Sachs BDC Trading Down 0.5%

Shares of NYSE GSBD opened at $9.77 on Thursday. The firm’s 50 day moving average price is $11.07 and its 200-day moving average price is $11.18. The company has a market cap of $1.11 billion, a PE ratio of 7.75 and a beta of 0.73. Goldman Sachs BDC, Inc. has a 52-week low of $9.51 and a 52-week high of $13.80. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.50 and a current ratio of 1.50.

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

Goldman Sachs BDC Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a $0.03 dividend. 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 currently 101.59%.

Goldman Sachs BDC 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.