Ascent Capital Management LLC Takes $370,000 Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Ascent Capital Management LLC bought a new position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) during the 4th quarter, HoldingsChannel.com reports. The fund bought 30,586 shares of the financial services provider’s stock, valued at approximately $370,000.

Several other large investors have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in shares of Goldman Sachs BDC during the fourth quarter worth $8,114,000. First National Trust Co acquired a new position in Goldman Sachs BDC during the 4th quarter worth $2,680,000. JPMorgan Chase & Co. increased its holdings in Goldman Sachs BDC by 221.7% during the 3rd 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 stake in Goldman Sachs BDC in the 3rd quarter valued at about $1,101,000. Finally, Adams Asset Advisors LLC boosted its stake in shares of Goldman Sachs BDC by 41.0% in 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 buying an additional 76,257 shares during the period. 28.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Goldman Sachs BDC Stock Performance

Shares of GSBD stock opened at $12.05 on Friday. The company has a market cap of $1.41 billion, a P/E ratio of 17.22 and a beta of 1.06. The firm has a fifty day moving average price of $12.58 and a 200 day moving average price of $13.09. 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, Inc. has a 12 month low of $11.72 and a 12 month high of $15.94.

Goldman Sachs BDC Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.31%. This is an increase from Goldman Sachs BDC’s previous quarterly dividend of $0.05. Goldman Sachs BDC’s dividend payout ratio is presently 224.56%.

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.