Goldman Sachs BDC, Inc. (NYSE:GSBD) Shares Acquired by Sage Rhino Capital LLC

Sage Rhino Capital LLC lifted its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 23.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 252,335 shares of the financial services provider's stock after purchasing an additional 48,639 shares during the quarter. Sage Rhino Capital LLC owned 0.22% of Goldman Sachs BDC worth $3,053,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in Goldman Sachs BDC by 4,607.0% in the third quarter. Farther Finance Advisors LLC now owns 2,024 shares of the financial services provider's stock valued at $28,000 after buying an additional 1,981 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake 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 purchasing an additional 1,275 shares in the last quarter. WFA Asset Management Corp acquired a new position in Goldman Sachs BDC in the 3rd quarter worth about $33,000. Chicago Partners Investment Group LLC purchased a new position in Goldman Sachs BDC during the fourth quarter worth approximately $128,000. Finally, Wealthcare Advisory Partners LLC acquired a new position in shares of Goldman Sachs BDC during the 4th quarter worth approximately $135,000. 28.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Goldman Sachs BDC from a "hold" rating to a "sell" rating in a report on Tuesday.

Remove Ads

Goldman Sachs BDC Price Performance

NYSE:GSBD traded down $0.14 during trading hours on Thursday, hitting $12.32. 735,215 shares of the stock were exchanged, compared to its average volume of 759,354. The firm's fifty day moving average price is $12.62 and its 200 day moving average price is $13.18. Goldman Sachs BDC, Inc. has a 52-week low of $11.72 and a 52-week high of $15.94. The company has a market cap of $1.45 billion, a P/E ratio of 17.61 and a beta of 1.06. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.19.

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 issued a $0.16 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.64 dividend on an annualized basis and a yield of 5.19%. This is a positive change from Goldman Sachs BDC's previous quarterly dividend of $0.05. Goldman Sachs BDC's dividend payout ratio (DPR) is presently 224.56%.

Goldman Sachs BDC Company 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.