TrueMark Investments LLC Reduces Stock Holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD)

TrueMark Investments LLC reduced its position in Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 51.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 42,771 shares of the financial services provider's stock after selling 45,053 shares during the quarter. TrueMark Investments LLC's holdings in Goldman Sachs BDC were worth $518,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Sage Rhino Capital LLC grew 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 worth $3,053,000 after acquiring an additional 48,639 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Goldman Sachs BDC by 221.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 222,475 shares of the financial services provider's stock worth $3,061,000 after acquiring an additional 153,316 shares during the period. Magnus Financial Group LLC acquired a new position in Goldman Sachs BDC during the fourth quarter worth $246,000. Stiles Financial Services Inc purchased a new stake in Goldman Sachs BDC during the fourth quarter worth $383,000. Finally, Quadrant Private Wealth Management LLC grew its holdings in Goldman Sachs BDC by 13.5% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 182,279 shares of the financial services provider's stock valued at $2,288,000 after purchasing an additional 21,620 shares during the last quarter. Hedge funds and other institutional investors own 28.72% of the company's stock.

Goldman Sachs BDC Price Performance

GSBD stock traded down $0.23 on Friday, reaching $12.11. The company had a trading volume of 1,132,078 shares, compared to its average volume of 755,435. 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 company has a market cap of $1.42 billion, a P/E ratio of 17.29 and a beta of 1.06. Goldman Sachs BDC, Inc. has a 1 year low of $11.72 and a 1 year high of $15.94. The company's fifty day moving average is $12.62 and its 200 day moving average is $12.96.

Remove Ads

Goldman Sachs BDC Increases Dividend

The firm 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 yield of 5.29%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Goldman Sachs BDC's previous quarterly dividend of $0.05. Goldman Sachs BDC's dividend payout ratio is 224.56%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research note on Sunday, March 23rd.

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.