Raymond James Financial Inc. Invests $8.11 Million in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Raymond James Financial Inc. acquired a new position in Goldman Sachs BDC, Inc. (NYSE:GSBD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 670,570 shares of the financial services provider’s stock, valued at approximately $8,114,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Stephens Inc. AR grew its position 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 buying an additional 785 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Goldman Sachs BDC by 149.1% in 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 during the last quarter. Mandatum Life Insurance Co Ltd grew its position 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 worth $504,000 after buying an additional 1,327 shares during the last quarter. Verdence Capital Advisors LLC grew its position in shares of Goldman Sachs BDC by 13.1% in the 4th quarter. Verdence Capital Advisors LLC now owns 15,100 shares of the financial services provider’s stock worth $183,000 after buying an additional 1,750 shares during the last quarter. Finally, MML Investors Services LLC grew its position in shares of Goldman Sachs BDC by 4.2% in 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. Hedge funds and other institutional investors own 28.72% of the company’s stock.

Analyst Ratings Changes

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

Goldman Sachs BDC Stock Down 0.1 %

GSBD stock opened at $12.26 on Friday. The firm has a 50 day moving average of $12.61 and a 200 day moving average of $13.02. The stock has a market capitalization of $1.44 billion, a PE ratio of 17.51 and a beta of 1.06. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. Goldman Sachs BDC, Inc. has a 52 week low of $11.72 and a 52 week high of $15.94.

Goldman Sachs BDC Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, March 31st will be paid a $0.16 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Goldman Sachs BDC’s previous quarterly dividend of $0.05. This represents a $0.64 dividend on an annualized basis and a yield of 5.22%. Goldman Sachs BDC’s dividend payout ratio (DPR) is 224.56%.

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.