221,483 Shares in Goldman Sachs BDC, Inc. (NYSE:GSBD) Bought by First National Trust Co

First National Trust Co bought a new position in shares of 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 (SEC). The fund bought 221,483 shares of the financial services provider’s stock, valued at approximately $2,680,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Stephens Inc. AR grew its stake in shares of Goldman Sachs BDC by 2.7% during the fourth quarter. Stephens Inc. AR now owns 30,166 shares of the financial services provider’s stock worth $365,000 after purchasing an additional 785 shares in the last quarter. Founders Financial Alliance LLC boosted its stake in Goldman Sachs BDC by 3.0% in the fourth quarter. Founders Financial Alliance LLC now owns 37,495 shares of the financial services provider’s stock valued at $454,000 after acquiring an additional 1,104 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted 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 in the last quarter. Mandatum Life Insurance Co Ltd boosted its stake 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 valued at $504,000 after acquiring an additional 1,327 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its stake 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 valued at $697,000 after acquiring an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 28.72% of the company’s stock.

Goldman Sachs BDC Stock Performance

NYSE GSBD opened at $12.05 on Friday. The company has a fifty day moving average of $12.58 and a two-hundred day moving average of $13.11. Goldman Sachs BDC, Inc. has a 1 year low of $11.72 and a 1 year high of $15.94. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $1.41 billion, a PE ratio of 17.22 and a beta of 1.06.

Goldman Sachs BDC Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders 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 5.31%. 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 presently 224.56%.

Analysts Set New Price Targets

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

Goldman Sachs BDC 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.