Goldman Sachs BDC, Inc. (NYSE:GSBD) Shares Sold by CFO4Life Group LLC

CFO4Life Group LLC reduced its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 10.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,101 shares of the financial services provider’s stock after selling 1,237 shares during the quarter. CFO4Life Group LLC’s holdings in Goldman Sachs BDC were worth $134,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in GSBD. Raymond James Financial Inc. acquired a new position in Goldman Sachs BDC in the 4th quarter worth approximately $8,114,000. JPMorgan Chase & Co. boosted its position in shares of Goldman Sachs BDC by 221.7% in the third quarter. JPMorgan Chase & Co. now owns 222,475 shares of the financial services provider’s stock worth $3,061,000 after buying an additional 153,316 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Goldman Sachs BDC during the third quarter valued at $1,101,000. Adams Asset Advisors LLC lifted its stake in Goldman Sachs BDC by 41.0% in the 4th quarter. Adams Asset Advisors LLC now owns 262,334 shares of the financial services provider’s stock worth $3,174,000 after acquiring an additional 76,257 shares in the last quarter. Finally, Round Rock Advisors LLC acquired a new stake in Goldman Sachs BDC during the 4th quarter worth about $907,000. 28.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Goldman Sachs BDC Trading Down 1.5 %

Goldman Sachs BDC stock opened at $11.83 on Friday. 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 12 month low of $11.72 and a 12 month high of $15.94. The company’s fifty day simple moving average is $12.59 and its 200-day simple moving average is $13.12. The stock has a market cap of $1.39 billion, a P/E ratio of 16.89 and a beta of 1.06.

Goldman Sachs BDC Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, March 31st will be issued a $0.16 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.64 dividend on an annualized basis and a yield of 5.41%. This is an increase from Goldman Sachs BDC’s previous quarterly dividend of $0.05. Goldman Sachs BDC’s dividend payout ratio is currently 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.