Sage Rhino Capital LLC Reduces Holdings in Goldman Sachs BDC, Inc. $GSBD

Sage Rhino Capital LLC trimmed its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 89.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,485 shares of the financial services provider’s stock after selling 366,400 shares during the quarter. Sage Rhino Capital LLC’s holdings in Goldman Sachs BDC were worth $386,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GSBD. PFG Investments LLC boosted its stake in shares of Goldman Sachs BDC by 3.3% during the 1st quarter. PFG Investments LLC now owns 72,858 shares of the financial services provider’s stock worth $647,000 after acquiring an additional 2,319 shares during the last quarter. Patriot Financial Group Insurance Agency LLC bought a new position in Goldman Sachs BDC in the 1st quarter worth $114,000. Janney Montgomery Scott LLC raised its holdings in Goldman Sachs BDC by 17.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 17,000 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 2,545 shares during the period. Kavar Capital Partners Group LLC purchased a new position in Goldman Sachs BDC during the first quarter valued at $119,000. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its position in Goldman Sachs BDC by 0.8% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 364,749 shares of the financial services provider’s stock valued at $3,239,000 after purchasing an additional 3,018 shares in the last quarter. 28.72% of the stock is currently owned by institutional investors.

Goldman Sachs BDC Price Performance

GSBD stock traded down $0.17 during trading on Tuesday, reaching $9.01. The company’s stock had a trading volume of 503,842 shares, compared to its average volume of 1,358,991. Goldman Sachs BDC, Inc. has a 1 year low of $8.65 and a 1 year high of $12.03. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $1.01 billion, a P/E ratio of 13.92 and a beta of 0.56. The company’s fifty day moving average is $9.25 and its 200-day moving average is $9.28.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.07). The business had revenue of $10.35 million during the quarter, compared to analysts’ expectations of $83.78 million. Goldman Sachs BDC had a net margin of 21.32% and a return on equity of 10.94%. On average, research analysts expect that Goldman Sachs BDC, Inc. will post 1.15 earnings per share for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 28th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 14.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Goldman Sachs BDC’s dividend payout ratio (DPR) is 196.92%.

Analyst Upgrades and Downgrades

A number of analysts have commented on GSBD shares. Weiss Ratings restated a “hold (c-)” rating on shares of Goldman Sachs BDC in a research report on Tuesday, June 2nd. Truist Financial cut their price objective on Goldman Sachs BDC from $10.00 to $9.00 and set a “hold” rating for the company in a research note on Tuesday, May 19th. Zacks Research lowered shares of Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Finally, Wall Street Zen cut shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Goldman Sachs BDC presently has an average rating of “Reduce” and a consensus target price of $9.17.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc (NYSE: GSBD) is an externally managed, closed-end, non-diversified management investment company organized as a business development company (BDC) under the U.S. Investment Company Act of 1940. The company’s primary objective is to generate current income and capital appreciation through debt and equity investments in U.S. middle-market companies. It principally invests in senior secured loans, mezzanine debt, preferred equity and, to a lesser extent, common equity, focusing on sponsor-backed transactions and special-situation financings.

The fund is advised by affiliates of Goldman Sachs Asset Management’s Private Credit Group, leveraging the firm’s global research capabilities and risk management infrastructure.