Wells Fargo & Company MN Buys 51,014 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Wells Fargo & Company MN boosted its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 18.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 327,622 shares of the financial services provider's stock after acquiring an additional 51,014 shares during the quarter. Wells Fargo & Company MN owned 0.28% of Goldman Sachs BDC worth $3,964,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vision Financial Markets LLC acquired a new position in Goldman Sachs BDC in the fourth quarter valued at about $27,000. Nomura Asset Management Co. Ltd. increased its holdings in Goldman Sachs BDC by 81.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,858 shares of the financial services provider's stock valued at $47,000 after purchasing an additional 1,728 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in Goldman Sachs BDC in the 4th quarter valued at $128,000. Wealthcare Advisory Partners LLC acquired a new position in Goldman Sachs BDC in the fourth quarter worth $135,000. Finally, Canton Hathaway LLC acquired a new position in Goldman Sachs BDC in the fourth quarter worth $137,000. Institutional investors own 28.72% of the company's stock.

Goldman Sachs BDC Trading Up 1.7 %

Goldman Sachs BDC stock traded up $0.18 during mid-day trading on Friday, hitting $10.94. The stock had a trading volume of 625,103 shares, compared to its average volume of 797,798. The stock has a 50-day simple moving average of $11.68 and a two-hundred day simple moving average of $12.45. 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 stock has a market capitalization of $1.28 billion, a PE ratio of 15.63 and a beta of 0.87. Goldman Sachs BDC, Inc. has a 12 month low of $9.51 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. Shareholders of record on Monday, March 31st will be paid a $0.16 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Goldman Sachs BDC's previous quarterly dividend of $0.05. This represents a $0.64 dividend on an annualized basis and a yield of 5.85%. Goldman Sachs BDC's dividend payout ratio (DPR) is presently 224.56%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research report on Sunday, March 23rd.

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.