Robertson Stephens Wealth Management LLC Invests $161,000 in Goldman Sachs BDC, Inc. $GSBD

Robertson Stephens Wealth Management LLC bought a new position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 13,696 shares of the financial services provider’s stock, valued at approximately $161,000.

Other large investors have also recently bought and sold shares of the company. Nicholas Hoffman & Company LLC. raised its stake in Goldman Sachs BDC by 5.1% during the first 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 in the last quarter. Kraematon Investment Advisors Inc. grew its holdings in shares of Goldman Sachs BDC by 1.6% in the 2nd quarter. Kraematon Investment Advisors Inc. now owns 61,331 shares of the financial services provider’s stock worth $690,000 after purchasing an additional 969 shares during the last quarter. Garde Capital Inc. increased its position in shares of Goldman Sachs BDC by 1.0% during the 2nd quarter. Garde Capital Inc. now owns 100,500 shares of the financial services provider’s stock worth $1,131,000 after purchasing an additional 1,000 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Goldman Sachs BDC by 6.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 19,835 shares of the financial services provider’s stock worth $231,000 after purchasing an additional 1,147 shares in the last quarter. Finally, MAS Advisors LLC lifted its holdings in Goldman Sachs BDC by 4.8% during the 2nd quarter. MAS Advisors LLC now owns 26,274 shares of the financial services provider’s stock valued at $296,000 after purchasing an additional 1,204 shares during the last quarter. 28.72% of the stock is currently owned by institutional investors.

Insider Activity at Goldman Sachs BDC

In related news, CEO Vivek Bantwal purchased 22,000 shares of the stock in a transaction dated 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 purchase, the chief executive officer directly owned 22,000 shares in the company, valued at $249,920. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.13% of the stock is currently owned by company insiders.

Goldman Sachs BDC Price Performance

Shares of GSBD stock opened at $9.60 on Monday. The firm’s 50 day moving average price is $11.01 and its two-hundred day moving average price is $11.13. 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, Inc. has a 52-week low of $9.38 and a 52-week high of $13.80. The stock has a market cap of $1.09 billion, a PE ratio of 7.62 and a beta of 0.73.

Goldman Sachs BDC (NYSE:GSBD) last posted 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). Goldman Sachs BDC had a net margin of 36.17% and a return on equity of 13.95%. The company had revenue of $90.97 million during the quarter, compared to analyst estimates of $94.55 million. As a group, analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, August 29th. Goldman Sachs BDC’s payout ratio is presently 101.59%.

Wall Street Analysts Forecast Growth

GSBD has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Goldman Sachs BDC in a research note on Wednesday, October 8th. Zacks Research downgraded Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a report on Friday, August 15th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Goldman Sachs BDC presently has an average rating of “Sell” and an average target price of $10.00.

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.