Lido Advisors LLC Buys 81,479 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Lido Advisors LLC lifted its position in Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 111.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,416 shares of the financial services provider's stock after buying an additional 81,479 shares during the quarter. Lido Advisors LLC owned approximately 0.13% of Goldman Sachs BDC worth $1,938,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GSBD. Generali Asset Management SPA SGR bought a new position in shares of Goldman Sachs BDC in the 4th quarter worth $12,879,000. Raymond James Financial Inc. bought a new position in Goldman Sachs BDC in the fourth quarter valued at $8,114,000. Trexquant Investment LP raised its position in Goldman Sachs BDC by 300.2% during the fourth quarter. Trexquant Investment LP now owns 349,927 shares of the financial services provider's stock valued at $4,234,000 after purchasing an additional 262,488 shares in the last quarter. First National Trust Co bought a new stake in Goldman Sachs BDC during the fourth quarter worth about $2,680,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of 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 worth $3,061,000 after purchasing an additional 153,316 shares in the last quarter. 28.72% of the stock is currently owned by institutional investors.

Goldman Sachs BDC Trading Up 0.1 %

GSBD stock traded up $0.01 during midday trading on Wednesday, hitting $10.55. The company had a trading volume of 157,649 shares, compared to its average volume of 884,401. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 15.07 and a beta of 0.71. Goldman Sachs BDC, Inc. has a 52 week low of $9.51 and a 52 week 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 stock's 50 day moving average price is $11.33 and its 200 day moving average price is $12.30.

Goldman Sachs BDC Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Monday, March 31st were paid a $0.16 dividend. The ex-dividend date was Monday, March 31st. This is a boost from Goldman Sachs BDC's previous quarterly dividend of $0.05. This represents a $0.64 annualized dividend and a dividend yield of 6.06%. Goldman Sachs BDC's dividend payout ratio (DPR) is presently 224.56%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GSBD. Wells Fargo & Company cut their target price on Goldman Sachs BDC from $12.00 to $10.00 and set an "underweight" rating for the company in a research note on Monday, April 28th. StockNews.com raised shares of Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research note 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.