Raymond James Financial Inc. Invests $8.11 Million 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) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 670,570 shares of the financial services provider's stock, valued at approximately $8,114,000. Raymond James Financial Inc. owned about 0.57% of Goldman Sachs BDC at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vision Financial Markets LLC bought a new stake in Goldman Sachs BDC during the fourth quarter valued at about $27,000. Verdence Capital Advisors LLC grew its stake in shares of Goldman Sachs BDC by 13.1% during the 4th 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. Bravias Capital Group LLC purchased a new stake in Goldman Sachs BDC in the 4th quarter worth approximately $713,000. Meridian Wealth Management LLC raised its stake in Goldman Sachs BDC by 10.6% during the 4th quarter. Meridian Wealth Management LLC now owns 278,458 shares of the financial services provider's stock worth $3,369,000 after acquiring an additional 26,793 shares during the period. Finally, Sage Rhino Capital LLC lifted its holdings in Goldman Sachs BDC by 23.9% during the fourth quarter. Sage Rhino Capital LLC now owns 252,335 shares of the financial services provider's stock valued at $3,053,000 after purchasing an additional 48,639 shares in the last quarter. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

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

Goldman Sachs BDC Price Performance

Shares of NYSE:GSBD traded down $0.04 during trading on Wednesday, hitting $12.32. 372,292 shares of the company's stock were exchanged, compared to its average volume of 752,123. The business's 50-day simple moving average is $12.62 and its 200 day simple moving average is $12.99. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.26 and a quick ratio of 1.26. 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 $1.44 billion, a price-to-earnings ratio of 17.59 and a beta of 1.06.

Goldman Sachs BDC Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, March 31st will be given a dividend of $0.16 per share. The ex-dividend date is Monday, March 31st. This represents a $0.64 annualized dividend and a dividend yield of 5.20%. This is a boost 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.