Founders Financial Alliance LLC Acquires 1,104 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Founders Financial Alliance LLC grew its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,495 shares of the financial services provider’s stock after acquiring an additional 1,104 shares during the period. Founders Financial Alliance LLC’s holdings in Goldman Sachs BDC were worth $454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of GSBD. Kendall Capital Management lifted its position in Goldman Sachs BDC by 6.0% during the fourth quarter. Kendall Capital Management now owns 30,970 shares of the financial services provider’s stock valued at $375,000 after purchasing an additional 1,755 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Goldman Sachs BDC by 46.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 36,083 shares of the financial services provider’s stock valued at $437,000 after purchasing an additional 11,466 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Goldman Sachs BDC in the fourth quarter worth $8,114,000. Vision Financial Markets LLC bought a new stake in shares of Goldman Sachs BDC during the 4th quarter valued at $27,000. Finally, Verdence Capital Advisors LLC lifted its stake in shares of Goldman Sachs BDC by 13.1% during the 4th quarter. Verdence Capital Advisors LLC now owns 15,100 shares of the financial services provider’s stock valued at $183,000 after buying an additional 1,750 shares in the last quarter. Institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Trading Down 1.3 %

GSBD stock opened at $12.24 on Tuesday. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 17.48 and a beta of 1.06. 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 business has a 50 day simple moving average of $12.60 and a two-hundred day simple moving average of $13.15.

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 paid a $0.16 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.64 annualized dividend and a yield of 5.23%. This is a boost from Goldman Sachs BDC’s previous quarterly dividend of $0.05. Goldman Sachs BDC’s payout ratio is presently 224.56%.

Analyst Upgrades and Downgrades

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

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.