Naviter Wealth LLC Has $1.70 Million Stock Holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Naviter Wealth LLC decreased its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 9.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 135,528 shares of the financial services provider’s stock after selling 13,535 shares during the period. Naviter Wealth LLC owned 0.12% of Goldman Sachs BDC worth $1,701,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GSBD. Farther Finance Advisors LLC grew its position in Goldman Sachs BDC by 4,607.0% in the third quarter. Farther Finance Advisors LLC now owns 2,024 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 1,981 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Goldman Sachs BDC by 149.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 1,275 shares in the last quarter. Vision Financial Markets LLC bought a new stake in Goldman Sachs BDC in the fourth quarter worth $27,000. Principal Street Partners LLC acquired a new position in Goldman Sachs BDC during the third quarter worth $141,000. Finally, Chicago Partners Investment Group LLC bought a new position in Goldman Sachs BDC during the fourth quarter valued at about $128,000. Hedge funds and other institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Price Performance

Shares of Goldman Sachs BDC stock opened at $12.43 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.19. The firm has a fifty day simple moving average of $12.60 and a 200-day simple moving average of $13.16. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 17.75 and a beta of 1.06. Goldman Sachs BDC, Inc. has a 1-year low of $11.72 and a 1-year high of $15.94.

Goldman Sachs BDC Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, March 31st will be given a dividend of $0.16 per share. This is a positive change 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 dividend on an annualized basis and a yield of 5.15%. Goldman Sachs BDC’s payout ratio is currently 224.56%.

Wall Street Analyst Weigh In

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

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.