Goldman Sachs BDC, Inc. $GSBD Shares Acquired by First National Trust Co

First National Trust Co increased its position in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 40.1% during the second quarter, HoldingsChannel.com reports. The fund owned 310,372 shares of the financial services provider’s stock after acquiring an additional 88,889 shares during the quarter. First National Trust Co’s holdings in Goldman Sachs BDC were worth $3,492,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Transcend Capital Advisors LLC grew its holdings in shares of Goldman Sachs BDC by 208.9% in the 2nd quarter. Transcend Capital Advisors LLC now owns 421,763 shares of the financial services provider’s stock worth $4,745,000 after acquiring an additional 285,222 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Goldman Sachs BDC by 9.3% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 457,137 shares of the financial services provider’s stock worth $5,143,000 after acquiring an additional 39,067 shares during the period. Stephens Inc. AR grew its holdings in shares of Goldman Sachs BDC by 10.7% in the 2nd quarter. Stephens Inc. AR now owns 33,381 shares of the financial services provider’s stock worth $376,000 after acquiring an additional 3,215 shares during the period. Aspiriant LLC lifted its stake in Goldman Sachs BDC by 9.5% in the 2nd quarter. Aspiriant LLC now owns 11,500 shares of the financial services provider’s stock valued at $129,000 after buying an additional 1,000 shares in the last quarter. Finally, Private Trust Co. NA lifted its stake in Goldman Sachs BDC by 1,471.7% in the 2nd quarter. Private Trust Co. NA now owns 5,045 shares of the financial services provider’s stock valued at $57,000 after buying an additional 4,724 shares in the last quarter. Institutional investors and hedge funds own 28.72% of the company’s stock.

Insider Activity

In other Goldman Sachs BDC news, CEO Vivek Bantwal acquired 22,000 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were acquired at an average price of $11.36 per share, for a total transaction of $249,920.00. Following the completion of the acquisition, the chief executive officer directly owned 22,000 shares of the company’s stock, valued at $249,920. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on GSBD. Zacks Research lowered Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research note on Friday, August 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Goldman Sachs BDC in a research note on Wednesday, October 8th. 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, the company has a consensus rating of “Sell” and an average price target of $10.00.

Goldman Sachs BDC Price Performance

GSBD stock opened at $10.09 on Wednesday. Goldman Sachs BDC, Inc. has a 52-week low of $9.38 and a 52-week high of $13.66. The stock’s fifty day simple moving average is $10.69 and its 200-day simple moving average is $11.05. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 8.00 and a beta of 0.73.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings data 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). Goldman Sachs BDC had a return on equity of 13.95% and a net margin of 36.17%.The business had revenue of $90.97 million for the quarter, compared to analyst estimates of $94.55 million. Equities research analysts expect that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a dividend of $0.03 per share. The ex-dividend date was Friday, August 29th. This represents a $0.12 annualized dividend and a dividend yield of 1.2%. Goldman Sachs BDC’s dividend payout ratio (DPR) is 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.