HighTower Advisors LLC Lowers Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

HighTower Advisors LLC trimmed its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 40.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 187,695 shares of the financial services provider's stock after selling 128,254 shares during the quarter. HighTower Advisors LLC owned approximately 0.16% of Goldman Sachs BDC worth $2,271,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of GSBD. Vision Financial Markets LLC acquired a new stake in shares of Goldman Sachs BDC in the 4th quarter valued at approximately $27,000. Nomura Asset Management Co. Ltd. increased its stake in 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 buying an additional 1,275 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new position in Goldman Sachs BDC during the fourth quarter valued at approximately $128,000. Wealthcare Advisory Partners LLC bought a new position in shares of Goldman Sachs BDC in the fourth quarter valued at $135,000. Finally, Canton Hathaway LLC bought a new stake in shares of Goldman Sachs BDC in the 4th quarter valued at about $137,000. 28.72% of the stock is currently owned by institutional investors.

Goldman Sachs BDC Trading Down 0.3 %

GSBD traded down $0.04 during trading on Wednesday, reaching $12.32. 372,292 shares of the company's stock were exchanged, compared to its average volume of 752,123. The stock has a market capitalization of $1.44 billion, a PE ratio of 17.59 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, Inc. has a one year low of $11.72 and a one year high of $15.94. The firm has a fifty day moving average price of $12.62 and a two-hundred day moving average price of $12.99.

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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 given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date is Monday, March 31st. This is an increase from Goldman Sachs BDC's previous quarterly dividend of $0.05. Goldman Sachs BDC's payout ratio is presently 224.56%.

Wall Street Analysts Forecast Growth

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

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.