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

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

A number of other large investors have also modified their holdings of the company. Stephens Inc. AR increased its holdings in Goldman Sachs BDC by 2.7% in the 4th quarter. Stephens Inc. AR now owns 30,166 shares of the financial services provider’s stock valued at $365,000 after buying an additional 785 shares during the period. Nomura Asset Management Co. Ltd. increased its stake 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 valued at $29,000 after acquiring an additional 1,275 shares during the period. Mandatum Life Insurance Co Ltd raised its position in Goldman Sachs BDC by 3.3% in the fourth quarter. Mandatum Life Insurance Co Ltd now owns 41,675 shares of the financial services provider’s stock worth $504,000 after purchasing an additional 1,327 shares in the last quarter. Apollon Wealth Management LLC raised its position in Goldman Sachs BDC by 3.1% in the third quarter. Apollon Wealth Management LLC now owns 50,662 shares of the financial services provider’s stock worth $697,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Verdence Capital Advisors LLC boosted its holdings in Goldman Sachs BDC by 13.1% during the fourth quarter. Verdence Capital Advisors LLC now owns 15,100 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 1,750 shares in the last quarter. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Goldman Sachs BDC Stock Up 1.2 %

Shares of NYSE:GSBD opened at $12.43 on Friday. The company has a market capitalization of $1.46 billion, a PE ratio of 17.75 and a beta of 1.06. 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’s fifty day moving average is $12.60 and its 200-day moving average is $13.16. 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 company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, March 31st will be given a $0.16 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Goldman Sachs BDC’s previous quarterly dividend of $0.05. This represents a $0.64 dividend on an annualized basis and a yield of 5.15%. Goldman Sachs BDC’s payout ratio is 224.56%.

Analyst Upgrades and Downgrades

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

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.