NEW YORK—John Lanza, who serves as the Principal Accounting Officer for Goldman Sachs BDC, Inc. (NYSE:GSBD), recently sold 1,250 shares of the company's common stock. The shares were sold on November 22, 2024, at a weighted average price of $12.85 per share, resulting in a total transaction value of $16,062.
The sale was executed in multiple transactions at prices ranging from $12.85 to $12.86. Following this transaction, Lanza no longer holds any shares of Goldman Sachs BDC. The details of this transaction were disclosed in a filing with the Securities and Exchange Commission.
In other recent news, Goldman Sachs BDC reported its Q3 2024 financial results, maintaining a consistent dividend and highlighting a rise in mergers and acquisitions (M&A) activity. The company disclosed a net investment income per share of $0.58 and a net asset value per share of $13.54, with a slight decrease from the prior quarter. The dividend was declared at $0.45 per share, marking the 39th consecutive quarter at this rate.
The period saw a 17.5% year-over-year increase in M&A activity and significant portfolio transactions, with gross originations exceeding $376.6 million. Total (EPA:TTEF) investments reached $3.44 billion, mostly in senior secured loans. The quarter also witnessed a decrease in non-accrual investments to 2.2% of the total portfolio.
According to analyst Robert Dodd from Raymond (NS:RYMD) James, the company's pipeline and expectations for 2025 correlate with private credit deployment and sponsor M&A activity. Goldman Sachs BDC expressed optimism about future M&A activity, particularly in 2025, and plans to continue diversifying its portfolio with new investment opportunities.
InvestingPro Insights
In light of John Lanza's recent stock sale, it's worth examining some key financial metrics and insights for Goldman Sachs BDC, Inc. (NYSE:GSBD). According to InvestingPro data, GSBD currently has a market capitalization of $1.53 billion and trades at a P/E ratio of 19.45.
One of the most notable aspects of GSBD is its dividend yield, which stands at an impressive 13.66%. This aligns with an InvestingPro Tip highlighting that the company "pays a significant dividend to shareholders." Moreover, GSBD has maintained dividend payments for 10 consecutive years, demonstrating a commitment to returning value to investors.
Despite the recent insider sale, it's important to note that GSBD is profitable over the last twelve months, with a gross profit of $445.94 million for the same period. However, the company has experienced a slight revenue decline, with a -0.02% growth in the last twelve months and a more pronounced -8.03% quarterly revenue decline as of Q3 2024.
Interestingly, another InvestingPro Tip indicates that GSBD is currently trading near its 52-week low, which could present a potential opportunity for value investors. However, it's crucial to consider that the company's valuation implies a poor free cash flow yield, according to another tip.
For investors seeking a more comprehensive analysis, InvestingPro offers additional tips and insights that could provide a fuller picture of GSBD's financial health and prospects.
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