Raymond James Financial Inc. Buys New Stake in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Raymond James Financial Inc. purchased a new position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 670,570 shares of the financial services provider's stock, valued at approximately $8,114,000. Raymond James Financial Inc. owned 0.57% of Goldman Sachs BDC as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Stifel Financial Corp raised its stake in shares of Goldman Sachs BDC by 46.6% in the third quarter. Stifel Financial Corp now owns 21,910 shares of the financial services provider's stock valued at $301,000 after acquiring an additional 6,963 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Goldman Sachs BDC in the 3rd quarter valued at $1,101,000. JPMorgan Chase & Co. boosted its stake in Goldman Sachs BDC by 221.7% in the third quarter. JPMorgan Chase & Co. now owns 222,475 shares of the financial services provider's stock worth $3,061,000 after purchasing an additional 153,316 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Goldman Sachs BDC by 143.4% during the fourth quarter. Versant Capital Management Inc now owns 13,331 shares of the financial services provider's stock worth $161,000 after purchasing an additional 7,854 shares during the last quarter. Finally, Capital Market Strategies LLC increased its stake in shares of Goldman Sachs BDC by 18.9% in the fourth quarter. Capital Market Strategies LLC now owns 137,993 shares of the financial services provider's stock valued at $1,670,000 after buying an additional 21,968 shares in the last quarter. 28.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded 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 Performance

NYSE GSBD opened at $10.52 on Wednesday. The stock has a market cap of $1.23 billion, a PE ratio of 15.03 and a beta of 0.87. 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 50-day moving average of $11.81 and a 200-day moving average of $12.51. Goldman Sachs BDC, Inc. has a 52-week low of $9.51 and a 52-week high of $15.94.

Goldman Sachs BDC Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.08%. The ex-dividend date is Monday, March 31st. This is a boost from Goldman Sachs BDC's previous quarterly dividend of $0.05. Goldman Sachs BDC's payout ratio is currently 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.

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