Ascent Capital Management LLC Acquires New Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Ascent Capital Management LLC purchased a new position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 30,586 shares of the financial services provider's stock, valued at approximately $370,000.

A number of other large investors also recently modified their holdings of GSBD. Stephens Inc. AR raised its position in shares of Goldman Sachs BDC by 2.7% during the 4th quarter. Stephens Inc. AR now owns 30,166 shares of the financial services provider's stock worth $365,000 after acquiring an additional 785 shares in the last quarter. Founders Financial Alliance LLC lifted its position in shares of Goldman Sachs BDC by 3.0% during the 4th quarter. Founders Financial Alliance LLC now owns 37,495 shares of the financial services provider's stock worth $454,000 after buying an additional 1,104 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Goldman Sachs BDC by 149.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the financial services provider's stock valued at $29,000 after buying an additional 1,275 shares in the last quarter. Mandatum Life Insurance Co Ltd grew its position in shares of Goldman Sachs BDC by 3.3% in the 4th quarter. Mandatum Life Insurance Co Ltd now owns 41,675 shares of the financial services provider's stock valued at $504,000 after buying an additional 1,327 shares during the last quarter. Finally, Apollon Wealth Management LLC raised its stake in Goldman Sachs BDC by 3.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 50,662 shares of the financial services provider's stock worth $697,000 after acquiring an additional 1,500 shares in the last quarter. 28.72% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Separately, StockNews.com downgraded Goldman Sachs BDC from a "hold" rating to a "sell" rating in a report on Saturday, March 15th.

Goldman Sachs BDC Stock Performance

Shares of NYSE GSBD traded up $0.07 during midday trading on Thursday, reaching $12.28. 537,714 shares of the company were exchanged, compared to its average volume of 751,528. The stock has a fifty day simple moving average of $12.59 and a 200 day simple moving average of $13.05. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.19. The stock has a market cap of $1.44 billion, a P/E ratio of 17.54 and a beta of 1.06. Goldman Sachs BDC, Inc. has a 1 year low of $11.72 and a 1 year high of $15.94.

Goldman Sachs BDC Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, March 31st will be paid a $0.16 dividend. This is a boost from Goldman Sachs BDC's previous quarterly dividend of $0.05. This represents a $0.64 annualized dividend and a yield of 5.21%. The ex-dividend date is Monday, March 31st. Goldman Sachs BDC's payout ratio is currently 224.56%.

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.