CANADA LIFE ASSURANCE Co Lowers Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

CANADA LIFE ASSURANCE Co reduced its stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 7.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 91,371 shares of the financial services provider’s stock after selling 7,323 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Goldman Sachs BDC were worth $1,104,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in GSBD. Van ECK Associates Corp boosted its stake in Goldman Sachs BDC by 1.0% in the fourth 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 during the last quarter. Invesco Ltd. lifted its stake in shares of Goldman Sachs BDC by 11.9% during the 4th quarter. Invesco Ltd. now owns 1,095,489 shares of the financial services provider’s stock valued at $13,255,000 after buying an additional 116,154 shares in the last quarter. Generali Asset Management SPA SGR purchased a new stake in shares of Goldman Sachs BDC during the 4th quarter valued at approximately $12,879,000. Advisors Capital Management LLC lifted its stake in shares of Goldman Sachs BDC by 4.6% during the 4th quarter. Advisors Capital Management LLC now owns 775,035 shares of the financial services provider’s stock valued at $9,378,000 after buying an additional 34,222 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Goldman Sachs BDC during the 4th quarter valued at approximately $8,114,000. Hedge funds and other institutional investors own 28.72% of the company’s stock.

Analyst Ratings Changes

GSBD has been the topic of a number of recent research reports. StockNews.com upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Sunday, March 23rd. Wells Fargo & Company decreased their target price on shares of Goldman Sachs BDC from $12.00 to $10.00 and set an “underweight” rating on the stock in a report on Monday.

Goldman Sachs BDC Stock Performance

Goldman Sachs BDC stock opened at $10.90 on Tuesday. The firm’s 50 day simple moving average is $11.63 and its 200 day simple moving average is $12.42. The firm has a market capitalization of $1.28 billion, a PE ratio of 15.57 and a beta of 0.87. Goldman Sachs BDC, Inc. has a 1-year low of $9.51 and a 1-year high of $15.94. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.19.

Goldman Sachs BDC Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Monday, March 31st were issued a $0.16 dividend. This is a positive change from Goldman Sachs BDC’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.87%. Goldman Sachs BDC’s dividend payout ratio is presently 224.56%.

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.