Goldman Sachs BDC, Inc. (NYSE:GSBD) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 46.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,083 shares of the financial services provider’s stock after acquiring an additional 11,466 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Goldman Sachs BDC were worth $437,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in GSBD. Stephens Inc. AR grew its holdings in shares of Goldman Sachs BDC by 2.7% in the 4th 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 during the period. Nomura Asset Management Co. Ltd. boosted its position in Goldman Sachs BDC by 149.1% during the third 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 holdings in Goldman Sachs BDC by 3.3% in the fourth quarter. Mandatum Life Insurance Co Ltd now owns 41,675 shares of the financial services provider’s stock valued at $504,000 after purchasing an additional 1,327 shares during the last quarter. Verdence Capital Advisors LLC increased its position in shares of Goldman Sachs BDC by 13.1% in the fourth quarter. Verdence Capital Advisors LLC now owns 15,100 shares of the financial services provider’s stock valued at $183,000 after buying an additional 1,750 shares in the last quarter. Finally, MML Investors Services LLC raised its stake in shares of 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 last quarter. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

Goldman Sachs BDC Trading Up 0.5 %

Shares of Goldman Sachs BDC stock opened at $12.28 on Friday. Goldman Sachs BDC, Inc. has a 1 year low of $11.72 and a 1 year high of $15.94. 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 moving average price of $12.60 and a 200 day moving average price of $13.04. The company has a market capitalization of $1.44 billion, a P/E ratio of 17.54 and a beta of 1.06.

Goldman Sachs BDC Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, March 31st will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.21%. This is a boost from Goldman Sachs BDC’s previous quarterly dividend of $0.05. The ex-dividend date is Monday, March 31st. Goldman Sachs BDC’s payout ratio is 224.56%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research note on Saturday, March 15th.

About Goldman Sachs BDC

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.