Rockefeller Capital Management L.P. Cuts Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Rockefeller Capital Management L.P. cut its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 54.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 146,758 shares of the financial services provider's stock after selling 178,168 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.13% of Goldman Sachs BDC worth $1,776,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Stephens Inc. AR boosted its holdings in shares of Goldman Sachs BDC by 2.7% during the 4th quarter. Stephens Inc. AR now owns 30,166 shares of the financial services provider's stock valued at $365,000 after acquiring an additional 785 shares during the last quarter. Founders Financial Alliance LLC boosted its holdings in Goldman Sachs BDC by 3.0% in the fourth quarter. Founders Financial Alliance LLC now owns 37,495 shares of the financial services provider's stock worth $454,000 after purchasing an additional 1,104 shares during the last quarter. Mandatum Life Insurance Co Ltd grew its position in Goldman Sachs BDC by 3.3% in the 4th quarter. Mandatum Life Insurance Co Ltd now owns 41,675 shares of the financial services provider's stock worth $504,000 after purchasing an additional 1,327 shares during the period. Nomura Asset Management Co. Ltd. raised its stake 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 buying an additional 1,728 shares during the last quarter. Finally, Verdence Capital Advisors LLC lifted its holdings in shares of Goldman Sachs BDC by 13.1% during the 4th 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 period. 28.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Goldman Sachs BDC Stock Performance

Goldman Sachs BDC stock traded up $0.14 during trading on Friday, reaching $10.90. The company had a trading volume of 235,230 shares, compared to its average volume of 794,577. 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 firm's 50-day simple moving average is $11.72 and its 200 day simple moving average is $12.47. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 15.57 and a beta of 0.87. Goldman Sachs BDC, Inc. has a 52 week low of $9.51 and a 52 week high of $15.94.

Goldman Sachs BDC Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, March 31st will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 5.87%. 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 currently 224.56%.

Goldman Sachs BDC 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.