Burleson & Company LLC acquired a new stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 5,901 shares of the financial services provider’s stock, valued at approximately $114,000.
Several other institutional investors and hedge funds also recently modified their holdings of GSBD. AdvisorNet Financial Inc increased its stake in shares of Goldman Sachs BDC by 333.3% during the first quarter. AdvisorNet Financial Inc now owns 1,300 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 1,000 shares during the period. Signaturefd LLC bought a new position in shares of Goldman Sachs BDC during the first quarter worth approximately $38,000. Wolff Wiese Magana LLC acquired a new stake in shares of Goldman Sachs BDC in the first quarter valued at approximately $57,000. Merrion Investment Management Co LLC acquired a new position in Goldman Sachs BDC in the 4th quarter valued at $57,000. Finally, Bellevue Asset Management LLC bought a new stake in shares of Goldman Sachs BDC during the 4th quarter valued at $64,000. 19.62% of the stock is currently owned by institutional investors.
Several equities research analysts recently issued reports on the stock. TheStreet raised shares of Goldman Sachs BDC from a “c” rating to a “b” rating in a report on Friday, March 19th. Zacks Investment Research cut Goldman Sachs BDC from a “buy” rating to a “hold” rating in a report on Monday, May 3rd.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 27th. Investors 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 yield of 8.96%. The ex-dividend date of this dividend is Tuesday, June 29th. Goldman Sachs BDC’s dividend payout ratio is currently 88.24%.
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.
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