Certior Financial Group LLC Invests $299,000 in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Certior Financial Group LLC bought a new stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) during the fourth quarter, Holdings Channel reports. The institutional investor bought 24,752 shares of the financial services provider’s stock, valued at approximately $299,000.

Several other hedge funds also recently modified their holdings of the stock. Van ECK Associates Corp lifted its stake in Goldman Sachs BDC by 1.0% during the 4th quarter. Van ECK Associates Corp now owns 2,732,785 shares of the financial services provider’s stock valued at $33,066,000 after acquiring an additional 25,888 shares in the last quarter. Generali Asset Management SPA SGR purchased a new stake in shares of Goldman Sachs BDC in the fourth quarter valued at about $12,879,000. Raymond James Financial Inc. bought a new position in shares of Goldman Sachs BDC during the fourth quarter valued at about $8,114,000. Shikiar Asset Management Inc. boosted its holdings in Goldman Sachs BDC by 6.7% during the fourth quarter. Shikiar Asset Management Inc. now owns 450,090 shares of the financial services provider’s stock worth $5,446,000 after purchasing an additional 28,100 shares during the last quarter. Finally, Arcus Capital Partners LLC grew its position in Goldman Sachs BDC by 0.7% in the 4th quarter. Arcus Capital Partners LLC now owns 401,369 shares of the financial services provider’s stock worth $4,857,000 after purchasing an additional 2,958 shares in the last quarter. Hedge funds and other institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Price Performance

Shares of NYSE:GSBD opened at $10.62 on Monday. The company has a market capitalization of $1.25 billion, a P/E ratio of 15.16 and a beta of 0.87. The company’s 50-day moving average is $12.51 and its 200 day moving average is $12.86. 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, Inc. has a fifty-two week low of $9.38 and a fifty-two week high of $15.94.

Goldman Sachs BDC Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 6.03%. 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 224.56%.

Wall Street Analyst Weigh In

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

About Goldman Sachs BDC

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.