GraniteShares Advisors LLC decreased its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD – Free Report) by 1.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 97,901 shares of the financial services provider’s stock after selling 1,041 shares during the period. GraniteShares Advisors LLC owned approximately 0.09% of Goldman Sachs BDC worth $1,357,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new position in shares of Goldman Sachs BDC in the first quarter worth about $29,000. ZRC Wealth Management LLC bought a new stake in Goldman Sachs BDC during the 1st quarter valued at approximately $28,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in Goldman Sachs BDC during the 1st quarter valued at approximately $41,000. Chilton Capital Management LLC bought a new stake in Goldman Sachs BDC during the 1st quarter valued at approximately $48,000. Finally, Money Concepts Capital Corp bought a new stake in Goldman Sachs BDC during the 4th quarter valued at approximately $55,000. Hedge funds and other institutional investors own 28.86% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Goldman Sachs BDC from a “hold” rating to a “buy” rating in a research report on Friday, November 10th.
Goldman Sachs BDC Price Performance
Shares of NYSE GSBD opened at $15.09 on Wednesday. Goldman Sachs BDC, Inc. has a twelve month low of $12.75 and a twelve month high of $16.52. The firm has a market cap of $1.65 billion, a P/E ratio of 10.91 and a beta of 1.17. The company has a 50 day moving average of $14.31 and a 200 day moving average of $14.04. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.17.
Goldman Sachs BDC Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, December 29th will be issued a $0.45 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.80 dividend on an annualized basis and a yield of 11.93%. Goldman Sachs BDC’s payout ratio is currently 131.39%.
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.
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