Dynamic Technology Lab Private Ltd Buys Shares of 84,143 Goldman Sachs BDC, Inc. (NYSE:GSBD)

Dynamic Technology Lab Private Ltd purchased a new position in Goldman Sachs BDC, Inc. (NYSE:GSBD) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 84,143 shares of the financial services provider’s stock, valued at approximately $1,018,000. Dynamic Technology Lab Private Ltd owned about 0.07% of Goldman Sachs BDC at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Van ECK Associates Corp raised its stake in shares of Goldman Sachs BDC by 1.0% during the 4th quarter. Van ECK Associates Corp now owns 2,732,785 shares of the financial services provider’s stock worth $33,066,000 after purchasing an additional 25,888 shares in the last quarter. Generali Asset Management SPA SGR acquired a new position in Goldman Sachs BDC in the fourth quarter worth approximately $12,879,000. Raymond James Financial Inc. bought a new position in Goldman Sachs BDC during the fourth quarter valued at approximately $8,114,000. Shikiar Asset Management Inc. lifted its stake in Goldman Sachs BDC by 6.7% in the fourth quarter. Shikiar Asset Management Inc. now owns 450,090 shares of the financial services provider’s stock valued at $5,446,000 after acquiring an additional 28,100 shares during the last quarter. Finally, Arcus Capital Partners LLC grew its position in Goldman Sachs BDC by 0.7% in the fourth quarter. Arcus Capital Partners LLC now owns 401,369 shares of the financial services provider’s stock worth $4,857,000 after acquiring an additional 2,958 shares in the last quarter. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

Goldman Sachs BDC Stock Performance

NYSE:GSBD opened at $10.62 on Friday. The firm has a market capitalization of $1.25 billion, a PE ratio of 15.16 and a beta of 0.87. Goldman Sachs BDC, Inc. has a 1 year low of $10.57 and a 1 year high of $15.94. 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’s fifty day simple moving average is $12.51 and its 200 day simple moving average is $12.87.

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 given a dividend of $0.16 per share. 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 6.03%. This is a positive change from Goldman Sachs BDC’s previous quarterly dividend of $0.05. Goldman Sachs BDC’s payout ratio is 224.56%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Sunday, March 23rd.

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.