Goldman Sachs BDC, Inc. $GSBD Stake Boosted by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. grew its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 4.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,052 shares of the financial services provider’s stock after acquiring an additional 1,022 shares during the period. Atria Wealth Solutions Inc.’s holdings in Goldman Sachs BDC were worth $254,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC bought a new stake in Goldman Sachs BDC in the second quarter worth $34,000. Creative Financial Designs Inc. ADV acquired a new position in Goldman Sachs BDC during the 1st quarter worth $46,000. Mallini Complete Financial Planning LLC acquired a new position in Goldman Sachs BDC during the 1st quarter worth $119,000. Catalina Capital Group LLC acquired a new position in Goldman Sachs BDC during the 2nd quarter worth $140,000. Finally, U.S. Capital Wealth Advisors LLC acquired a new position in shares of Goldman Sachs BDC during the second quarter valued at about $142,000. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Goldman Sachs BDC

In other Goldman Sachs BDC news, CEO Vivek Bantwal acquired 22,000 shares of Goldman Sachs BDC stock in a transaction on Friday, September 12th. The shares were purchased at an average cost of $11.36 per share, with a total value of $249,920.00. Following the completion of the purchase, the chief executive officer owned 22,000 shares in the company, valued at $249,920. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Goldman Sachs BDC in a research report on Wednesday, October 8th. Zacks Research cut shares of Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research note on Friday, August 15th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Sell” and an average target price of $10.00.

Goldman Sachs BDC Stock Performance

Shares of Goldman Sachs BDC stock opened at $9.90 on Wednesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.50 and a quick ratio of 1.50. The firm has a market cap of $1.13 billion, a P/E ratio of 7.85 and a beta of 0.73. The firm has a 50 day simple moving average of $10.82 and a 200 day simple moving average of $11.05. Goldman Sachs BDC, Inc. has a fifty-two week low of $9.38 and a fifty-two week high of $13.72.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). The company had revenue of $90.97 million during the quarter, compared to analyst estimates of $94.55 million. Goldman Sachs BDC had a net margin of 36.17% and a return on equity of 13.95%. Sell-side analysts predict that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Cuts Dividend

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

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.