Goldman Sachs BDC, Inc. (NYSE:GSBD) Position Increased by Meridian Wealth Management LLC

Meridian Wealth Management LLC grew its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 10.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 278,458 shares of the financial services provider’s stock after buying an additional 26,793 shares during the quarter. Meridian Wealth Management LLC owned approximately 0.24% of Goldman Sachs BDC worth $3,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Van ECK Associates Corp lifted its position in Goldman Sachs BDC by 10.4% during the 3rd quarter. Van ECK Associates Corp now owns 2,706,897 shares of the financial services provider’s stock worth $36,408,000 after acquiring an additional 255,458 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Goldman Sachs BDC by 221.7% in the third quarter. JPMorgan Chase & Co. now owns 222,475 shares of the financial services provider’s stock worth $3,061,000 after purchasing an additional 153,316 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Goldman Sachs BDC during the 3rd quarter worth about $1,101,000. Adams Asset Advisors LLC boosted its stake in Goldman Sachs BDC by 41.0% during 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 during the period. Finally, Round Rock Advisors LLC acquired a new stake in Goldman Sachs BDC in the 4th quarter valued at approximately $907,000. Institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Trading Down 2.1 %

Shares of Goldman Sachs BDC stock opened at $12.77 on Tuesday. Goldman Sachs BDC, Inc. has a 1 year low of $11.72 and a 1 year high of $15.94. The company’s fifty day simple moving average is $12.63 and its 200-day simple moving average is $13.20. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 18.24 and a beta of 1.06. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.19.

Goldman Sachs BDC Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, March 31st will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.01%. This is a positive change from Goldman Sachs BDC’s previous quarterly dividend of $0.05. The ex-dividend date is Monday, March 31st. Goldman Sachs BDC’s dividend payout ratio is presently 315.79%.

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.