Raymond James Financial Inc. Makes New $8.11 Million Investment in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Raymond James Financial Inc. purchased a new position in Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 670,570 shares of the financial services provider's stock, valued at approximately $8,114,000. Raymond James Financial Inc. owned 0.57% of Goldman Sachs BDC at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of GSBD. Stephens Inc. AR grew its holdings in shares of Goldman Sachs BDC by 2.7% during the fourth quarter. Stephens Inc. AR now owns 30,166 shares of the financial services provider's stock valued at $365,000 after buying an additional 785 shares during the last quarter. Founders Financial Alliance LLC grew its holdings in shares of Goldman Sachs BDC by 3.0% during the fourth quarter. Founders Financial Alliance LLC now owns 37,495 shares of the financial services provider's stock valued at $454,000 after buying an additional 1,104 shares during the last quarter. Mandatum Life Insurance Co Ltd grew its holdings in shares of Goldman Sachs BDC by 3.3% during the fourth quarter. Mandatum Life Insurance Co Ltd now owns 41,675 shares of the financial services provider's stock valued at $504,000 after buying an additional 1,327 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Goldman Sachs BDC by 81.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 3,858 shares of the financial services provider's stock valued at $47,000 after buying an additional 1,728 shares during the last quarter. Finally, Verdence Capital Advisors LLC grew its holdings in shares of Goldman Sachs BDC by 13.1% during the fourth quarter. Verdence Capital Advisors LLC now owns 15,100 shares of the financial services provider's stock valued at $183,000 after buying an additional 1,750 shares during the last quarter. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on GSBD shares. StockNews.com upgraded shares of Goldman Sachs BDC from a "sell" rating to a "hold" rating in a report on Sunday, March 23rd. Wells Fargo & Company reduced their price objective on shares of Goldman Sachs BDC from $12.00 to $10.00 and set an "underweight" rating for the company in a report on Monday.

Goldman Sachs BDC Stock Down 0.2 %

Goldman Sachs BDC stock traded down $0.02 during midday trading on Monday, hitting $10.90. 757,630 shares of the stock were exchanged, compared to its average volume of 797,856. Goldman Sachs BDC, Inc. has a 52-week low of $9.51 and a 52-week high of $15.94. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 15.57 and a beta of 0.87. The business's 50-day moving average price is $11.63 and its 200-day moving average price is $12.42. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19.

Goldman Sachs BDC Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, March 31st will be issued a dividend of $0.16 per share. 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 annualized dividend and a yield of 5.87%. Goldman Sachs BDC's payout ratio is 224.56%.

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.