Transce3nd LLC Invests $105,000 in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Transce3nd LLC acquired a new stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) during the 4th quarter, Holdings Channel reports. The fund acquired 8,701 shares of the financial services provider’s stock, valued at approximately $105,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GSBD. Vision Financial Markets LLC bought a new stake in Goldman Sachs BDC during the 4th quarter worth $27,000. Nomura Asset Management Co. Ltd. increased its stake in shares of Goldman Sachs BDC by 81.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 3,858 shares of the financial services provider’s stock valued at $47,000 after buying an additional 1,728 shares during the period. Chicago Partners Investment Group LLC bought a new position in Goldman Sachs BDC in the 4th quarter valued at approximately $128,000. Wealthcare Advisory Partners LLC acquired a new stake in Goldman Sachs BDC during the 4th quarter worth approximately $135,000. Finally, Canton Hathaway LLC bought a new stake in Goldman Sachs BDC during the 4th quarter worth approximately $137,000. Institutional investors own 28.72% of the company’s stock.

Analysts Set New Price Targets

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

Goldman Sachs BDC Stock Performance

Shares of GSBD stock opened at $10.37 on Tuesday. The stock has a market capitalization of $1.22 billion, a PE ratio of 14.81 and a beta of 0.87. The business’s 50 day simple moving average is $11.86 and its 200 day simple moving average is $12.52. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.26 and a quick ratio of 1.26. Goldman Sachs BDC, Inc. has a one year low of $9.51 and a one year 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. Stockholders of record on Monday, March 31st will be paid a $0.16 dividend. This is a positive change from Goldman Sachs BDC’s previous quarterly dividend of $0.05. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date is Monday, March 31st. Goldman Sachs BDC’s dividend payout ratio is currently 224.56%.

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.