First National Trust Co Invests $2.68 Million in Goldman Sachs BDC, Inc. (NYSE:GSBD)

First National Trust Co purchased a new position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 221,483 shares of the financial services provider’s stock, valued at approximately $2,680,000. First National Trust Co owned about 0.19% of Goldman Sachs BDC at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in Goldman Sachs BDC in the fourth quarter valued at approximately $8,114,000. JPMorgan Chase & Co. raised its position in 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 valued at $3,061,000 after purchasing an additional 153,316 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Goldman Sachs BDC in the third quarter valued at approximately $1,101,000. Adams Asset Advisors LLC raised its position in Goldman Sachs BDC by 41.0% in the fourth quarter. Adams Asset Advisors LLC now owns 262,334 shares of the financial services provider’s stock valued at $3,174,000 after purchasing an additional 76,257 shares during the period. Finally, Round Rock Advisors LLC purchased a new stake in Goldman Sachs BDC in the fourth quarter valued at approximately $907,000. Institutional investors and hedge funds own 28.72% of the company’s stock.

Analysts Set New Price Targets

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

Goldman Sachs BDC Stock Performance

NYSE:GSBD opened at $12.05 on Friday. The company has a fifty day simple moving average of $12.58 and a two-hundred day simple moving average of $13.11. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 17.22 and a beta of 1.06. 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 52 week low of $11.72 and a 52 week high of $15.94.

Goldman Sachs BDC Increases Dividend

The firm 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. 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 5.31%. Goldman Sachs BDC’s 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.