Y Intercept Hong Kong Ltd Sells 62,930 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Y Intercept Hong Kong Ltd cut its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 61.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,104 shares of the financial services provider's stock after selling 62,930 shares during the period. Y Intercept Hong Kong Ltd's holdings in Goldman Sachs BDC were worth $485,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GSBD. Stephens Inc. AR boosted its stake in Goldman Sachs BDC by 2.7% during the fourth quarter. Stephens Inc. AR now owns 30,166 shares of the financial services provider's stock worth $365,000 after acquiring an additional 785 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Goldman Sachs BDC by 149.1% during the 3rd 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 grew its stake in shares of Goldman Sachs BDC by 3.3% in the 4th 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 during the period. Apollon Wealth Management LLC increased its position in Goldman Sachs BDC by 3.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 50,662 shares of the financial services provider's stock valued at $697,000 after buying an additional 1,500 shares in the last quarter. Finally, MML Investors Services LLC raised its stake in Goldman Sachs BDC by 4.2% during the 3rd quarter. MML Investors Services LLC now owns 48,557 shares of the financial services provider's stock worth $668,000 after buying an additional 1,938 shares during the period. 28.72% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Separately, StockNews.com cut Goldman Sachs BDC from a "hold" rating to a "sell" rating in a research note on Tuesday.

Goldman Sachs BDC Stock Down 1.2 %

Shares of NYSE GSBD traded down $0.15 during mid-day trading on Thursday, reaching $12.32. 407,032 shares of the company's stock traded hands, compared to its average volume of 758,111. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.26 and a quick ratio of 1.26. The business has a 50-day simple moving average of $12.63 and a 200 day simple moving average of $13.19. The stock has a market cap of $1.44 billion, a P/E ratio of 17.58 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.

Goldman Sachs BDC Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.16 per share. The ex-dividend date is Monday, March 31st. This represents a $0.64 dividend on an annualized basis and a yield of 5.20%. This is an increase from Goldman Sachs BDC's previous quarterly dividend of $0.05. Goldman Sachs BDC's payout ratio is 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.