Lido Advisors LLC Sells 124,417 Shares of Goldman Sachs BDC, Inc. $GSBD

Lido Advisors LLC decreased its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 37.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 204,084 shares of the financial services provider’s stock after selling 124,417 shares during the quarter. Lido Advisors LLC owned approximately 0.18% of Goldman Sachs BDC worth $1,877,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Cetera Investment Advisers increased its stake in shares of Goldman Sachs BDC by 13.4% in the first quarter. Cetera Investment Advisers now owns 85,417 shares of the financial services provider’s stock valued at $759,000 after buying an additional 10,111 shares during the period. NewEdge Wealth LLC bought a new position in shares of Goldman Sachs BDC during the first quarter worth about $367,000. Quadrant Private Wealth Management LLC lifted its stake in shares of Goldman Sachs BDC by 12.2% in the first quarter. Quadrant Private Wealth Management LLC now owns 160,483 shares of the financial services provider’s stock worth $1,476,000 after acquiring an additional 17,423 shares during the period. Independent Financial Group LLC acquired a new position in shares of Goldman Sachs BDC in the first quarter worth approximately $499,000. Finally, Ethos Financial Group LLC boosted its holdings in Goldman Sachs BDC by 23.4% in the first quarter. Ethos Financial Group LLC now owns 114,794 shares of the financial services provider’s stock valued at $1,058,000 after acquiring an additional 21,789 shares during the last quarter. 28.72% of the stock is owned by institutional investors.

Goldman Sachs BDC Stock Performance

Shares of GSBD opened at $8.64 on Monday. Goldman Sachs BDC, Inc. has a 52-week low of $8.35 and a 52-week high of $12.02. The stock’s 50-day simple moving average is $9.07 and its 200 day simple moving average is $9.21. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market capitalization of $973.17 million, a price-to-earnings ratio of 13.30 and a beta of 0.56.

Goldman Sachs BDC (NYSE:GSBD) last posted its earnings results on Thursday, May 7th. The financial services provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). Goldman Sachs BDC had a net margin of 21.32% and a return on equity of 10.94%. The company had revenue of $10.35 million for the quarter, compared to analysts’ expectations of $83.78 million. Research analysts forecast that Goldman Sachs BDC, Inc. will post 1.14 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.28 annualized dividend and a yield of 14.8%. Goldman Sachs BDC’s payout ratio is currently 196.92%.

Analysts Set New Price Targets

Several research firms have issued reports on GSBD. Wall Street Zen lowered shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Bank of America reissued an “underperform” rating and issued a $8.50 price target (down from $9.00) on shares of Goldman Sachs BDC in a research report on Thursday, July 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Goldman Sachs BDC in a research note on Tuesday, June 2nd. The Goldman Sachs Group cut Goldman Sachs BDC from a “neutral” rating to a “reduce” rating and set a $8.50 price objective on the stock. in a research note on Thursday, July 9th. Finally, Truist Financial lowered their price target on shares of Goldman Sachs BDC from $10.00 to $9.00 and set a “hold” rating on the stock in a research report on Tuesday, May 19th. Three equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Strong Sell” and an average price target of $8.50.

Goldman Sachs BDC 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.