Kendall Capital Management Increases Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Kendall Capital Management raised its position in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,970 shares of the financial services provider’s stock after purchasing an additional 1,755 shares during the quarter. Kendall Capital Management’s holdings in Goldman Sachs BDC were worth $375,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vision Financial Markets LLC purchased a new stake in Goldman Sachs BDC in the fourth quarter valued at approximately $27,000. Farther Finance Advisors LLC increased its position in shares of Goldman Sachs BDC by 4,607.0% during the third quarter. Farther Finance Advisors LLC now owns 2,024 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 1,981 shares during the period. Nomura Asset Management Co. Ltd. increased its position in shares of 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 acquiring an additional 1,275 shares during the period. Chicago Partners Investment Group LLC purchased a new stake in shares of Goldman Sachs BDC during the fourth quarter worth $128,000. Finally, Wealthcare Advisory Partners LLC purchased a new stake in shares of Goldman Sachs BDC during the fourth quarter worth $135,000. Hedge funds and other institutional investors own 28.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Tuesday, March 4th.

Goldman Sachs BDC Stock Performance

NYSE GSBD opened at $12.43 on Monday. 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, Inc. has a 1 year low of $11.72 and a 1 year high of $15.94. The company has a market capitalization of $1.46 billion, a PE ratio of 17.75 and a beta of 1.06. The company has a fifty day moving average of $12.60 and a two-hundred day moving average of $13.15.

Goldman Sachs BDC Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, March 31st will be paid 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 dividend yield of 5.15%. Goldman Sachs BDC’s dividend payout ratio is 224.56%.

Goldman Sachs BDC Company 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.