Goldman Sachs BDC, Inc. (NYSE:GSBD) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN raised its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 18.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 327,622 shares of the financial services provider’s stock after buying an additional 51,014 shares during the period. Wells Fargo & Company MN’s holdings in Goldman Sachs BDC were worth $3,964,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in GSBD. Generali Asset Management SPA SGR bought a new position in shares of Goldman Sachs BDC during the 4th quarter valued at about $12,879,000. Raymond James Financial Inc. acquired a new position in Goldman Sachs BDC in the fourth quarter worth approximately $8,114,000. Trexquant Investment LP increased its holdings in shares of Goldman Sachs BDC by 300.2% in the fourth quarter. Trexquant Investment LP now owns 349,927 shares of the financial services provider’s stock valued at $4,234,000 after buying an additional 262,488 shares in the last quarter. First National Trust Co bought a new stake in shares of Goldman Sachs BDC during the 4th quarter worth $2,680,000. Finally, 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 last quarter. 28.72% of the stock is owned by institutional investors and hedge funds.

Goldman Sachs BDC Price Performance

GSBD opened at $10.37 on Tuesday. Goldman Sachs BDC, Inc. has a 12-month low of $9.51 and a 12-month high of $15.94. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $1.22 billion, a P/E ratio of 14.81 and a beta of 0.87. The stock has a fifty day moving average of $11.86 and a 200-day moving average of $12.52.

Goldman Sachs BDC Increases Dividend

The firm also recently announced 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. This represents a $0.64 annualized dividend and a yield of 6.17%. The ex-dividend date is Monday, March 31st. This is a boost from Goldman Sachs BDC’s previous quarterly dividend of $0.05. Goldman Sachs BDC’s payout ratio is 224.56%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Sunday, March 23rd.

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.