Alpine Global Management LLC Buys New Shares in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Alpine Global Management LLC purchased a new position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 89,232 shares of the financial services provider's stock, valued at approximately $1,080,000. Alpine Global Management LLC owned approximately 0.08% of Goldman Sachs BDC at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of GSBD. Sage Rhino Capital LLC raised its stake in shares of Goldman Sachs BDC by 23.9% during the 4th quarter. Sage Rhino Capital LLC now owns 252,335 shares of the financial services provider's stock worth $3,053,000 after purchasing an additional 48,639 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Goldman Sachs BDC by 221.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 222,475 shares of the financial services provider's stock valued at $3,061,000 after acquiring an additional 153,316 shares during the period. Magnus Financial Group LLC bought a new stake in shares of Goldman Sachs BDC in the 4th quarter valued at about $246,000. Stiles Financial Services Inc bought a new position in Goldman Sachs BDC during the fourth quarter worth about $383,000. Finally, Quadrant Private Wealth Management LLC raised its stake in Goldman Sachs BDC by 13.5% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 182,279 shares of the financial services provider's stock valued at $2,288,000 after buying an additional 21,620 shares during the period. Institutional investors and hedge funds own 28.72% of the company's stock.

Goldman Sachs BDC Price Performance

Shares of Goldman Sachs BDC stock opened at $10.37 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. Goldman Sachs BDC, Inc. has a twelve month low of $9.51 and a twelve month high of $15.94. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 14.81 and a beta of 0.87. The company has a 50-day simple moving average of $11.86 and a two-hundred day simple moving average of $12.52.

Goldman Sachs BDC Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, March 31st will be paid a $0.16 dividend. This is a positive change from Goldman Sachs BDC's previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.64 annualized dividend and a dividend yield of 6.17%. Goldman Sachs BDC's dividend payout ratio (DPR) is presently 224.56%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research report on Sunday, March 23rd.

About Goldman Sachs BDC

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.

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