Meridian Wealth Management LLC Raises Stock Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Meridian Wealth Management LLC lifted its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 10.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 278,458 shares of the financial services provider's stock after acquiring an additional 26,793 shares during the period. Meridian Wealth Management LLC owned approximately 0.24% of Goldman Sachs BDC worth $3,369,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Stephens Inc. AR boosted its holdings 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 valued at $365,000 after acquiring an additional 785 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Goldman Sachs BDC by 149.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the financial services provider's stock worth $29,000 after purchasing an additional 1,275 shares during the last quarter. Mandatum Life Insurance Co Ltd grew its position in 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 worth $504,000 after purchasing an additional 1,327 shares during the period. 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 valued at $697,000 after buying an additional 1,500 shares during the last quarter. Finally, MML Investors Services LLC raised its stake in Goldman Sachs BDC by 4.2% during the 3rd quarter. MML Investors Services LLC now owns 48,557 shares of the financial services provider's stock valued at $668,000 after buying an additional 1,938 shares during the last quarter. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

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Goldman Sachs BDC Stock Performance

Shares of NYSE:GSBD traded up $0.15 during trading on Friday, hitting $12.43. The company's stock had a trading volume of 838,393 shares, compared to its average volume of 760,812. The company has a 50-day moving average of $12.61 and a 200-day moving average of $13.18. 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 has a market cap of $1.46 billion, a price-to-earnings ratio of 17.75 and a beta of 1.06. Goldman Sachs BDC, Inc. has a 12 month low of $11.72 and a 12 month high of $15.94.

Goldman Sachs BDC Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, March 31st will be issued a $0.16 dividend. This is a boost from Goldman Sachs BDC's previous quarterly dividend of $0.05. This represents a $0.64 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date is Monday, March 31st. Goldman Sachs BDC's dividend payout ratio (DPR) is currently 224.56%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Goldman Sachs BDC from a "hold" rating to a "sell" rating in a research note on Tuesday.

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.