30,586 Shares in Goldman Sachs BDC, Inc. (NYSE:GSBD) Purchased by Ascent Capital Management LLC

Ascent Capital Management LLC acquired a new stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 30,586 shares of the financial services provider’s stock, valued at approximately $370,000.

A number of other institutional investors have also bought and sold shares of the business. Sage Rhino Capital LLC grew its holdings in shares of Goldman Sachs BDC by 23.9% in the fourth quarter. Sage Rhino Capital LLC now owns 252,335 shares of the financial services provider’s stock valued at $3,053,000 after purchasing an additional 48,639 shares during the period. JPMorgan Chase & Co. grew its stake in shares of 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 valued at $3,061,000 after buying an additional 153,316 shares during the period. Magnus Financial Group LLC acquired a new stake in shares of Goldman Sachs BDC during the 4th quarter worth approximately $246,000. Stiles Financial Services Inc purchased a new stake in shares of Goldman Sachs BDC during the 4th quarter valued at approximately $383,000. Finally, Versant Capital Management Inc lifted its holdings in Goldman Sachs BDC by 143.4% in the fourth quarter. Versant Capital Management Inc now owns 13,331 shares of the financial services provider’s stock valued at $161,000 after acquiring an additional 7,854 shares during the last quarter. 28.72% of the stock is owned by hedge funds and other institutional investors.

Goldman Sachs BDC Stock Performance

Shares of GSBD stock opened at $12.05 on Friday. 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 firm has a market cap of $1.41 billion, a P/E ratio of 17.22 and a beta of 1.06. The firm’s 50 day moving average price is $12.58 and its 200-day moving average price is $13.09. Goldman Sachs BDC, Inc. has a one year low of $11.72 and a one year 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 paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 5.31%. 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 dividend payout ratio is 224.56%.

Analyst Upgrades and Downgrades

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

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.