Norden Group LLC Purchases 5,306 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Norden Group LLC raised its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 50.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,841 shares of the financial services provider’s stock after buying 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 SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in shares of Goldman Sachs BDC by 221.7% during the 3rd 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 stake in shares of Goldman Sachs BDC in the 3rd quarter valued at $1,101,000. Adams Asset Advisors LLC boosted its stake in shares of 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 valued at $3,174,000 after purchasing an additional 76,257 shares in the last quarter. Round Rock Advisors LLC bought a new stake in shares of Goldman Sachs BDC in the 4th quarter worth about $907,000. Finally, Maia Wealth LLC increased its position in shares of Goldman Sachs BDC by 242.7% during the 4th quarter. Maia Wealth LLC now owns 93,871 shares of the financial services provider’s stock worth $1,202,000 after purchasing an additional 66,476 shares in the last quarter. Institutional investors and hedge funds own 28.72% of the company’s stock.

Goldman Sachs BDC Trading Down 0.6 %

Shares of GSBD opened at $12.51 on Thursday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 17.86 and a beta of 1.06. The stock 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 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. Investors of record on Monday, March 31st will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.12%. This is a boost from Goldman Sachs BDC’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, March 31st. Goldman Sachs BDC’s payout ratio is currently 224.56%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of 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.