Invesco Ltd. Grows Holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Invesco Ltd. increased its stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 11.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,095,489 shares of the financial services provider’s stock after buying an additional 116,154 shares during the period. Invesco Ltd.’s holdings in Goldman Sachs BDC were worth $13,255,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vision Financial Markets LLC acquired a new position in Goldman Sachs BDC during the 4th quarter worth $27,000. Nomura Asset Management Co. Ltd. grew its stake in Goldman Sachs BDC by 81.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 3,858 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 1,728 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in Goldman Sachs BDC in the fourth quarter valued at about $128,000. Wealthcare Advisory Partners LLC acquired a new stake in Goldman Sachs BDC during the fourth quarter valued at approximately $135,000. Finally, Canton Hathaway LLC bought a new position in Goldman Sachs BDC during the 4th quarter worth approximately $137,000. 28.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Goldman Sachs BDC Stock Performance

Shares of GSBD stock opened at $10.37 on Tuesday. 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 business has a 50 day moving average of $11.86 and a two-hundred day moving average of $12.52. The company has a market cap of $1.22 billion, a P/E ratio of 14.81 and a beta of 0.87. Goldman Sachs BDC, Inc. has a 52 week low of $9.51 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. Shareholders of record on Monday, March 31st will be given a $0.16 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Goldman Sachs BDC’s previous quarterly dividend of $0.05. This represents a $0.64 annualized dividend and a yield of 6.17%. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 224.56%.

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.