Goldman Sachs BDC, Inc. (NYSE:GSBD) Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 46.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,083 shares of the financial services provider’s stock after acquiring an additional 11,466 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Goldman Sachs BDC were worth $437,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of GSBD. Raymond James Financial Inc. purchased a new position in shares of Goldman Sachs BDC during the 4th quarter worth about $8,114,000. JPMorgan Chase & Co. increased its position in Goldman Sachs BDC by 221.7% during the third quarter. JPMorgan Chase & Co. now owns 222,475 shares of the financial services provider’s stock worth $3,061,000 after purchasing an additional 153,316 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Goldman Sachs BDC during the third quarter worth approximately $1,101,000. Adams Asset Advisors LLC boosted its holdings in shares of Goldman Sachs BDC by 41.0% in the 4th quarter. Adams Asset Advisors LLC now owns 262,334 shares of the financial services provider’s stock valued at $3,174,000 after purchasing an additional 76,257 shares during the last quarter. Finally, Round Rock Advisors LLC purchased a new stake in shares of Goldman Sachs BDC during the 4th quarter valued at $907,000. Institutional investors and hedge funds own 28.72% of the company’s stock.

Goldman Sachs BDC Stock Up 0.5 %

Shares of NYSE:GSBD opened at $12.28 on Friday. The stock has a 50-day simple moving average of $12.60 and a 200-day simple moving average of $13.04. The stock has a market capitalization of $1.44 billion, a P/E ratio of 17.54 and a beta of 1.06. Goldman Sachs BDC, Inc. has a 1 year low of $11.72 and a 1 year high of $15.94. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26.

Goldman Sachs BDC Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.16 per share. This is an increase from Goldman Sachs BDC’s previous quarterly dividend of $0.05. This represents a $0.64 annualized dividend and a yield of 5.21%. The ex-dividend date of this dividend is Monday, March 31st. Goldman Sachs BDC’s payout ratio is currently 224.56%.

Analyst Ratings Changes

Separately, StockNews.com lowered Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Saturday, March 15th.

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.