Virtus ETF Advisers LLC Purchases 25,656 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Virtus ETF Advisers LLC increased its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 39.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 91,065 shares of the financial services provider’s stock after buying an additional 25,656 shares during the period. Virtus ETF Advisers LLC’s holdings in Goldman Sachs BDC were worth $1,102,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Stifel Financial Corp boosted its position in shares of Goldman Sachs BDC by 46.6% during the 3rd quarter. Stifel Financial Corp now owns 21,910 shares of the financial services provider’s stock valued at $301,000 after acquiring an additional 6,963 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Goldman Sachs BDC during the third quarter valued at approximately $1,101,000. JPMorgan Chase & Co. grew its stake in Goldman Sachs BDC by 221.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 222,475 shares of the financial services provider’s stock worth $3,061,000 after buying an additional 153,316 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Goldman Sachs BDC by 143.4% in the 4th quarter. Versant Capital Management Inc now owns 13,331 shares of the financial services provider’s stock worth $161,000 after buying an additional 7,854 shares during the last quarter. Finally, Capital Market Strategies LLC raised its position in shares of Goldman Sachs BDC by 18.9% during the 4th quarter. Capital Market Strategies LLC now owns 137,993 shares of the financial services provider’s stock valued at $1,670,000 after buying an additional 21,968 shares in the last quarter. Institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Stock Up 1.7 %

Shares of GSBD opened at $10.94 on Friday. Goldman Sachs BDC, Inc. has a 1 year low of $9.51 and a 1 year high of $15.94. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a 50 day simple moving average of $11.68 and a two-hundred day simple moving average of $12.45. The firm has a market cap of $1.28 billion, a P/E ratio of 15.63 and a beta of 0.87.

Goldman Sachs BDC Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, March 31st will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.64 annualized dividend and a dividend yield of 5.85%. This is a positive change from Goldman Sachs BDC’s previous quarterly dividend of $0.05. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 224.56%.

Analyst Upgrades and Downgrades

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

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.