Alpine Global Management LLC Purchases New Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Alpine Global Management LLC acquired a new stake in Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 89,232 shares of the financial services provider's stock, valued at approximately $1,080,000. Alpine Global Management LLC owned about 0.08% of Goldman Sachs BDC as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Van ECK Associates Corp boosted its position in Goldman Sachs BDC by 1.0% during the fourth quarter. Van ECK Associates Corp now owns 2,732,785 shares of the financial services provider's stock valued at $33,066,000 after acquiring an additional 25,888 shares during the last quarter. Invesco Ltd. boosted its position in shares of Goldman Sachs BDC by 11.9% during the 4th quarter. Invesco Ltd. now owns 1,095,489 shares of the financial services provider's stock valued at $13,255,000 after purchasing an additional 116,154 shares in the last quarter. Generali Asset Management SPA SGR acquired a new stake in Goldman Sachs BDC during the fourth quarter worth approximately $12,879,000. Advisors Capital Management LLC increased its holdings in Goldman Sachs BDC by 4.6% in the fourth quarter. Advisors Capital Management LLC now owns 775,035 shares of the financial services provider's stock worth $9,378,000 after purchasing an additional 34,222 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Goldman Sachs BDC in the fourth quarter valued at approximately $8,114,000. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Goldman Sachs BDC Stock Up 1.7 %

Goldman Sachs BDC stock traded up $0.18 during midday trading on Friday, reaching $10.94. The stock had a trading volume of 625,103 shares, compared to its average volume of 798,018. The company has a fifty day moving average price of $11.68 and a two-hundred day moving average price of $12.45. Goldman Sachs BDC, Inc. has a 12 month low of $9.51 and a 12 month 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 company has a market capitalization of $1.28 billion, a P/E ratio of 15.63 and a beta of 0.87.

Goldman Sachs BDC Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, March 31st will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.85%. This is a positive change 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%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of 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.