Legal & General Group Plc Sells 26,441 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Legal & General Group Plc lessened its stake in Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 3.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 773,724 shares of the financial services provider's stock after selling 26,441 shares during the quarter. Legal & General Group Plc owned about 0.66% of Goldman Sachs BDC worth $9,358,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Sage Rhino Capital LLC boosted its holdings in Goldman Sachs BDC by 23.9% during the fourth quarter. Sage Rhino Capital LLC now owns 252,335 shares of the financial services provider's stock worth $3,053,000 after purchasing an additional 48,639 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Goldman Sachs BDC by 221.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 222,475 shares of the financial services provider's stock valued at $3,061,000 after purchasing an additional 153,316 shares during the period. Magnus Financial Group LLC acquired a new stake in Goldman Sachs BDC during the fourth quarter worth about $246,000. Stiles Financial Services Inc acquired a new position in Goldman Sachs BDC during the fourth quarter valued at approximately $383,000. Finally, Quadrant Private Wealth Management LLC lifted its position in shares of Goldman Sachs BDC by 13.5% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 182,279 shares of the financial services provider's stock worth $2,288,000 after buying an additional 21,620 shares during the last quarter. Institutional investors own 28.72% of the company's stock.

Goldman Sachs BDC Price Performance

NYSE:GSBD traded up $0.21 during mid-day trading on Wednesday, hitting $10.73. 95,854 shares of the stock traded hands, compared to its average volume of 914,253. Goldman Sachs BDC, Inc. has a 12-month low of $9.51 and a 12-month high of $15.94. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. The company has a market cap of $1.26 billion, a PE ratio of 15.33 and a beta of 0.87. The business's 50-day moving average price is $11.81 and its 200 day moving average price is $12.51.

Goldman Sachs BDC Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date is Monday, March 31st. This is a positive change from Goldman Sachs BDC's previous quarterly dividend of $0.05. Goldman Sachs BDC's dividend payout ratio is 224.56%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research note 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.