Magnus Financial Group LLC Cuts Stake in Goldman Sachs BDC, Inc. $GSBD

Magnus Financial Group LLC reduced its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 12.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,983 shares of the financial services provider’s stock after selling 3,692 shares during the period. Magnus Financial Group LLC’s holdings in Goldman Sachs BDC were worth $281,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Nicholas Hoffman & Company LLC. lifted its holdings in shares of Goldman Sachs BDC by 5.1% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 19,291 shares of the financial services provider’s stock worth $224,000 after acquiring an additional 938 shares during the period. Garde Capital Inc. raised its holdings in Goldman Sachs BDC by 1.0% in the second quarter. Garde Capital Inc. now owns 100,500 shares of the financial services provider’s stock valued at $1,131,000 after buying an additional 1,000 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in Goldman Sachs BDC by 6.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 19,835 shares of the financial services provider’s stock valued at $231,000 after buying an additional 1,147 shares during the period. Oppenheimer & Co. Inc. raised its holdings in Goldman Sachs BDC by 7.5% in the first quarter. Oppenheimer & Co. Inc. now owns 26,316 shares of the financial services provider’s stock valued at $306,000 after buying an additional 1,842 shares during the period. Finally, Centaurus Financial Inc. raised its holdings in Goldman Sachs BDC by 16.5% in the fourth quarter. Centaurus Financial Inc. now owns 13,603 shares of the financial services provider’s stock valued at $165,000 after buying an additional 1,925 shares during the period. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Goldman Sachs BDC news, CEO Vivek Bantwal purchased 22,000 shares of the business’s stock in a transaction on Friday, September 12th. The stock was bought at an average cost of $11.36 per share, with a total value of $249,920.00. Following the acquisition, the chief executive officer owned 22,000 shares of the company’s stock, valued at $249,920. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.12% of the company’s stock.

Goldman Sachs BDC Stock Performance

GSBD stock opened at $10.91 on Friday. The company has a market capitalization of $1.24 billion, a P/E ratio of 8.66 and a beta of 0.75. The company has a 50-day simple moving average of $11.33 and a 200 day simple moving average of $11.29. Goldman Sachs BDC, Inc. has a fifty-two week low of $9.51 and a fifty-two week high of $14.49. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.19.

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 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 company had revenue of $90.97 million during the quarter, compared to analyst estimates of $94.55 million. 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 declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 29th. Goldman Sachs BDC’s dividend payout ratio is presently 101.59%.

Wall Street Analysts Forecast Growth

Separately, 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. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell” and an average target price of $10.00.

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.