Private Advisor Group LLC Cuts Holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Private Advisor Group LLC decreased its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 14.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,702 shares of the financial services provider’s stock after selling 6,892 shares during the quarter. Private Advisor Group LLC’s holdings in Goldman Sachs BDC were worth $505,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Stephens Inc. AR raised its stake in shares of Goldman Sachs BDC by 2.7% during the 4th quarter. Stephens Inc. AR now owns 30,166 shares of the financial services provider’s stock worth $365,000 after buying an additional 785 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake 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 buying an additional 1,275 shares in the last quarter. Mandatum Life Insurance Co Ltd raised its stake in shares of Goldman Sachs BDC by 3.3% during the 4th quarter. Mandatum Life Insurance Co Ltd now owns 41,675 shares of the financial services provider’s stock worth $504,000 after buying an additional 1,327 shares in the last quarter. Apollon Wealth Management LLC raised its stake in shares of Goldman Sachs BDC by 3.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 50,662 shares of the financial services provider’s stock worth $697,000 after buying an additional 1,500 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 in the last quarter. Hedge funds and other institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Stock Performance

NYSE GSBD opened at $12.77 on Tuesday. Goldman Sachs BDC, Inc. has a 1-year low of $11.72 and a 1-year high of $15.94. The company has a market capitalization of $1.50 billion, a P/E ratio of 18.24 and a beta of 1.06. The business has a 50 day moving average price of $12.63 and a 200 day moving average price of $13.20. 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 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 given a dividend of $0.16 per share. This is an increase from Goldman Sachs BDC’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.64 annualized dividend and a yield of 5.01%. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 315.79%.

Goldman Sachs BDC 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.