Norden Group LLC Has $192,000 Holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Norden Group LLC lifted its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 50.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,841 shares of the financial services provider’s stock after acquiring an additional 5,306 shares during the quarter. Norden Group LLC’s holdings in Goldman Sachs BDC were worth $192,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in GSBD. JPMorgan Chase & Co. raised its holdings in Goldman Sachs BDC by 221.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 222,475 shares of the financial services provider’s stock worth $3,061,000 after acquiring an additional 153,316 shares during the period. Magnus Financial Group LLC acquired a new stake in shares of Goldman Sachs BDC in the fourth quarter valued at about $246,000. Stiles Financial Services Inc bought a new position in shares of Goldman Sachs BDC in the fourth quarter worth about $383,000. Versant Capital Management Inc lifted its position in shares of Goldman Sachs BDC by 143.4% during the 4th quarter. Versant Capital Management Inc now owns 13,331 shares of the financial services provider’s stock worth $161,000 after purchasing an additional 7,854 shares during the last quarter. Finally, Quadrant Private Wealth Management LLC boosted its stake in Goldman Sachs BDC by 13.5% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 182,279 shares of the financial services provider’s stock valued at $2,288,000 after purchasing an additional 21,620 shares during the period. Institutional investors and hedge funds own 28.72% of the company’s stock.

Goldman Sachs BDC Price Performance

Shares of Goldman Sachs BDC stock opened at $12.51 on Thursday. The firm has a fifty day moving average price of $12.63 and a two-hundred day moving average price of $13.19. Goldman Sachs BDC, Inc. has a fifty-two week low of $11.72 and a fifty-two week high of $15.94. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market cap of $1.47 billion, a PE ratio of 17.86 and a beta of 1.06.

Goldman Sachs BDC Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, March 31st will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 5.12%. The ex-dividend date is Monday, March 31st. This is a boost from Goldman Sachs BDC’s previous quarterly dividend of $0.05. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 224.56%.

Analysts Set New Price Targets

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

About Goldman Sachs BDC

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.