Advisors Capital Management LLC Purchases 34,222 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Advisors Capital Management LLC boosted its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 4.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 775,035 shares of the financial services provider's stock after acquiring an additional 34,222 shares during the quarter. Advisors Capital Management LLC owned 0.66% of Goldman Sachs BDC worth $9,378,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Stephens Inc. AR increased its stake in shares of Goldman Sachs BDC by 2.7% in the fourth quarter. Stephens Inc. AR now owns 30,166 shares of the financial services provider's stock worth $365,000 after purchasing an additional 785 shares during the period. Founders Financial Alliance LLC grew its position in Goldman Sachs BDC by 3.0% during the 4th quarter. Founders Financial Alliance LLC now owns 37,495 shares of the financial services provider's stock worth $454,000 after acquiring an additional 1,104 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake 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 in the last quarter. Mandatum Life Insurance Co Ltd increased its stake in shares of Goldman Sachs BDC by 3.3% in the fourth quarter. Mandatum Life Insurance Co Ltd now owns 41,675 shares of the financial services provider's stock valued at $504,000 after buying an additional 1,327 shares in the last quarter. Finally, Verdence Capital Advisors LLC lifted its stake in shares of Goldman Sachs BDC by 13.1% during the fourth quarter. Verdence Capital Advisors LLC now owns 15,100 shares of the financial services provider's stock valued at $183,000 after acquiring an additional 1,750 shares during the period. Institutional investors and hedge funds own 28.72% of the company's stock.

Analysts Set New Price Targets

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

Goldman Sachs BDC Stock Performance

Shares of NYSE GSBD traded up $0.23 during trading hours on Friday, reaching $10.57. 572,004 shares of the stock were exchanged, compared to its average volume of 795,392. Goldman Sachs BDC, Inc. has a 52 week low of $9.51 and a 52 week high of $15.94. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 15.09 and a beta of 0.87. The stock's fifty day simple moving average is $11.95 and its 200 day simple moving average is $12.58.

Goldman Sachs BDC Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, March 31st will be paid a $0.16 dividend. This is a boost from Goldman Sachs BDC's previous quarterly dividend of $0.05. This represents a $0.64 annualized dividend and a dividend yield of 6.06%. The ex-dividend date is Monday, March 31st. Goldman Sachs BDC's payout ratio is 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.