Dynamic Technology Lab Private Ltd Invests $1.02 Million in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 84,143 shares of the financial services provider's stock, valued at approximately $1,018,000. Dynamic Technology Lab Private Ltd owned 0.07% of Goldman Sachs BDC at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GSBD. Van ECK Associates Corp lifted its holdings in shares of Goldman Sachs BDC by 1.0% during the 4th quarter. Van ECK Associates Corp now owns 2,732,785 shares of the financial services provider's stock valued at $33,066,000 after acquiring an additional 25,888 shares in the last quarter. Generali Asset Management SPA SGR purchased a new stake in shares of Goldman Sachs BDC in the fourth quarter worth about $12,879,000. Raymond James Financial Inc. purchased a new stake in shares of Goldman Sachs BDC in the fourth quarter worth about $8,114,000. Shikiar Asset Management Inc. grew its stake in shares of Goldman Sachs BDC by 6.7% in the fourth quarter. Shikiar Asset Management Inc. now owns 450,090 shares of the financial services provider's stock valued at $5,446,000 after buying an additional 28,100 shares in the last quarter. Finally, Arcus Capital Partners LLC raised its holdings in shares of Goldman Sachs BDC by 0.7% during the 4th quarter. Arcus Capital Partners LLC now owns 401,369 shares of the financial services provider's stock valued at $4,857,000 after buying an additional 2,958 shares during the period. 28.72% of the stock is currently owned by institutional investors and hedge funds.

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.

Goldman Sachs BDC Stock Down 2.8 %

Shares of Goldman Sachs BDC stock traded down $0.29 during trading hours on Friday, hitting $9.91. 571,234 shares of the company's stock traded hands, compared to its average volume of 786,942. Goldman Sachs BDC, Inc. has a twelve month low of $9.51 and a twelve month high of $15.94. The company has a market cap of $1.16 billion, a PE ratio of 14.15 and a beta of 0.87. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. The stock has a 50 day simple moving average of $12.19 and a 200-day simple moving average of $12.70.

Goldman Sachs BDC Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Goldman Sachs BDC's previous quarterly dividend of $0.05. This represents a $0.64 annualized dividend and a yield of 6.46%. 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.