Denali Advisors LLC Decreases Stock Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Denali Advisors LLC lowered its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 17.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 152,277 shares of the financial services provider's stock after selling 31,373 shares during the period. Denali Advisors LLC owned about 0.13% of Goldman Sachs BDC worth $1,843,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of GSBD. Van ECK Associates Corp increased its stake in shares of Goldman Sachs BDC by 10.4% during the third quarter. Van ECK Associates Corp now owns 2,706,897 shares of the financial services provider's stock worth $36,408,000 after purchasing an additional 255,458 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Goldman Sachs BDC by 221.7% in the third 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 in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Goldman Sachs BDC in the third quarter valued at approximately $1,101,000. Adams Asset Advisors LLC boosted its stake in shares of Goldman Sachs BDC by 41.0% in the fourth quarter. Adams Asset Advisors LLC now owns 262,334 shares of the financial services provider's stock worth $3,174,000 after acquiring an additional 76,257 shares during the last quarter. Finally, Round Rock Advisors LLC purchased a new stake in shares of Goldman Sachs BDC during the fourth quarter worth approximately $907,000. 28.72% of the stock is owned by institutional investors and hedge funds.

Goldman Sachs BDC Price Performance

NYSE GSBD traded up $0.19 during mid-day trading on Friday, hitting $13.03. The stock had a trading volume of 2,110,764 shares, compared to its average volume of 861,120. Goldman Sachs BDC, Inc. has a twelve month low of $11.72 and a twelve month high of $15.94. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.26 and a quick ratio of 1.26. The firm's 50 day moving average is $12.63 and its 200 day moving average is $13.21. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 18.61 and a beta of 1.06.

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Goldman Sachs BDC Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, March 31st will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 4.91%. The ex-dividend date is Monday, March 31st. This is a boost from Goldman Sachs BDC's previous quarterly dividend of $0.05. Goldman Sachs BDC's dividend payout ratio is currently 315.79%.

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.