CANADA LIFE ASSURANCE Co Sells 7,323 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

CANADA LIFE ASSURANCE Co lessened its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 7.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 91,371 shares of the financial services provider’s stock after selling 7,323 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.08% of Goldman Sachs BDC worth $1,104,000 as of its most recent filing with the SEC.

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

Goldman Sachs BDC Price Performance

Goldman Sachs BDC stock opened at $10.90 on Tuesday. Goldman Sachs BDC, Inc. has a 52-week low of $9.51 and a 52-week high of $15.94. The stock’s 50 day moving average price is $11.63 and its two-hundred day moving average price is $12.42. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 15.57 and a beta of 0.87.

Goldman Sachs BDC Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Monday, March 31st were issued a $0.16 dividend. This is a boost 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 5.87%. The ex-dividend date of this dividend was Monday, March 31st. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 224.56%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GSBD. StockNews.com raised Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Sunday, March 23rd. Wells Fargo & Company reduced their target price on Goldman Sachs BDC from $12.00 to $10.00 and set an “underweight” rating on the stock in a report on Monday.

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.