TrueMark Investments LLC Sells 45,053 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

TrueMark Investments LLC cut its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 51.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,771 shares of the financial services provider’s stock after selling 45,053 shares during the period. TrueMark Investments LLC’s holdings in Goldman Sachs BDC were worth $518,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GSBD. Generali Asset Management SPA SGR bought a new stake in shares of Goldman Sachs BDC in the 4th quarter valued at about $12,879,000. Raymond James Financial Inc. purchased a new position in Goldman Sachs BDC in the 4th quarter worth approximately $8,114,000. First National Trust Co bought a new stake in Goldman Sachs BDC in the fourth quarter valued at approximately $2,680,000. JPMorgan Chase & Co. grew its holdings 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 last quarter. Finally, Privium Fund Management UK Ltd purchased a new position in shares of Goldman Sachs BDC in the fourth quarter worth $1,216,000. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

Goldman Sachs BDC Trading Up 0.6 %

GSBD opened at $12.34 on Wednesday. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 17.63 and a beta of 1.06. Goldman Sachs BDC, Inc. has a one year low of $11.72 and a one year high of $15.94. The business has a 50 day simple moving average of $12.62 and a two-hundred day simple moving average of $12.99. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.26 and a quick ratio of 1.26.

Goldman Sachs BDC Increases Dividend

The firm also recently declared 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 is a positive change from Goldman Sachs BDC’s previous quarterly dividend of $0.05. The ex-dividend date is Monday, March 31st. This represents a $0.64 dividend on an annualized basis and a yield of 5.19%. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 224.56%.

Analyst Upgrades and Downgrades

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

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.