Dynamic Technology Lab Private Ltd Invests $268,000 in Goldman Sachs BDC Inc (NYSE:GSBD)

Dynamic Technology Lab Private Ltd purchased a new position in shares of Goldman Sachs BDC Inc (NYSE:GSBD) in the 4th quarter, Holdings Channel reports. The firm purchased 12,576 shares of the financial services provider’s stock, valued at approximately $268,000.

Several other large investors also recently made changes to their positions in GSBD. Advisory Services Network LLC increased its holdings in Goldman Sachs BDC by 62.5% in the fourth quarter. Advisory Services Network LLC now owns 1,300 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 500 shares during the period. Azimuth Capital Management LLC increased its holdings in Goldman Sachs BDC by 0.5% in the fourth quarter. Azimuth Capital Management LLC now owns 150,415 shares of the financial services provider’s stock valued at $3,201,000 after purchasing an additional 820 shares during the period. JOYN Advisors Inc. increased its holdings in Goldman Sachs BDC by 7.6% in the fourth quarter. JOYN Advisors Inc. now owns 12,907 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 907 shares during the period. Advisor Group Inc. increased its holdings in Goldman Sachs BDC by 25.2% in the fourth quarter. Advisor Group Inc. now owns 4,561 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 919 shares during the period. Finally, Cetera Advisor Networks LLC increased its holdings in Goldman Sachs BDC by 8.8% in the fourth quarter. Cetera Advisor Networks LLC now owns 13,397 shares of the financial services provider’s stock valued at $287,000 after purchasing an additional 1,079 shares during the period. Institutional investors own 35.47% of the company’s stock.

Shares of GSBD opened at $12.42 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $454.52 million, a P/E ratio of 13.80 and a beta of 0.98. The firm’s fifty day simple moving average is $18.29 and its two-hundred day simple moving average is $20.14. Goldman Sachs BDC Inc has a 12 month low of $8.00 and a 12 month high of $22.50.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, March 30th. This represents a $1.80 dividend on an annualized basis and a yield of 14.49%. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 90.91%.

A number of analysts recently weighed in on GSBD shares. Zacks Investment Research upgraded Goldman Sachs BDC from a “strong sell” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Friday, January 31st. Piper Jaffray Companies downgraded Goldman Sachs BDC from an “outperform” rating to a “market perform” rating in a report on Monday, February 24th. They noted that the move was a valuation call. Raymond James downgraded Goldman Sachs BDC from an “outperform” rating to a “market perform” rating in a report on Monday, February 24th. ValuEngine downgraded Goldman Sachs BDC from a “hold” rating to a “sell” rating in a report on Friday, March 20th. Finally, Wells Fargo & Co upgraded Goldman Sachs BDC from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $20.25 to $15.75 in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $20.95.

In other news, Director Ross Jay Kari purchased 5,000 shares of the business’s stock in a transaction on Friday, March 20th. The shares were acquired at an average price of $11.81 per share, with a total value of $59,050.00. Following the completion of the transaction, the director now owns 15,061 shares of the company’s stock, valued at approximately $177,870.41. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jaime Ardila purchased 5,564 shares of the business’s stock in a transaction on Monday, March 9th. The shares were purchased at an average cost of $17.91 per share, for a total transaction of $99,651.24. Following the transaction, the director now directly owns 18,445 shares of the company’s stock, valued at approximately $330,349.95. The disclosure for this purchase can be found here. Insiders have acquired 20,444 shares of company stock worth $264,843 in the last ninety days. Insiders own 0.30% of the company’s stock.

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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Institutional Ownership by Quarter for Goldman Sachs BDC (NYSE:GSBD)

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