Burleson & Company LLC acquired a new stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,901 shares of the financial services provider’s stock, valued at approximately $114,000.
Several other large investors have also added to or reduced their stakes in the company. Nicholas Hoffman & Company LLC. acquired a new position in shares of Goldman Sachs BDC in the 4th quarter worth approximately $287,000. Arkadios Wealth Advisors bought a new stake in Goldman Sachs BDC during the 4th quarter worth about $277,000. Van ECK Associates Corp grew its holdings in Goldman Sachs BDC by 59.8% during the 4th quarter. Van ECK Associates Corp now owns 756,013 shares of the financial services provider’s stock worth $14,455,000 after acquiring an additional 282,796 shares during the last quarter. Doliver Advisors LP acquired a new stake in Goldman Sachs BDC in the 1st quarter valued at about $247,000. Finally, White Pine Investment CO bought a new position in shares of Goldman Sachs BDC in the first quarter worth about $636,000. 19.62% of the stock is owned by institutional investors.
Several research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research report on Monday, May 3rd. TheStreet upgraded Goldman Sachs BDC from a “c” rating to a “b” rating in a research report on Friday, March 19th.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 27th. Stockholders of record on Wednesday, June 30th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 8.96%. The ex-dividend date of this dividend is Tuesday, June 29th. Goldman Sachs BDC’s dividend payout ratio is 88.24%.
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.
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