Colony Group LLC Invests $3.13 Million in Goldman Sachs BDC Inc (NYSE:GSBD)

Colony Group LLC purchased a new position in shares of Goldman Sachs BDC Inc (NYSE:GSBD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 146,882 shares of the financial services provider’s stock, valued at approximately $3,126,000.

Other institutional investors have also recently added to or reduced their stakes in the company. California Public Employees Retirement System lifted its holdings in shares of Goldman Sachs BDC by 58.7% during the third quarter. California Public Employees Retirement System now owns 17,300 shares of the financial services provider’s stock worth $348,000 after purchasing an additional 6,400 shares during the period. IHT Wealth Management LLC lifted its holdings in shares of Goldman Sachs BDC by 45.8% during the third quarter. IHT Wealth Management LLC now owns 34,480 shares of the financial services provider’s stock worth $693,000 after purchasing an additional 10,837 shares during the period. Advisors Capital Management LLC acquired a new position in shares of Goldman Sachs BDC during the fourth quarter worth $210,000. Wedbush Securities Inc. acquired a new position in shares of Goldman Sachs BDC during the fourth quarter worth $224,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Goldman Sachs BDC by 25.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 110,073 shares of the financial services provider’s stock worth $2,342,000 after purchasing an additional 22,435 shares during the period. 35.47% of the stock is owned by institutional investors.

Shares of Goldman Sachs BDC stock opened at $12.42 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.14. The business has a 50-day moving average price of $18.29 and a two-hundred day moving average price of $20.14. Goldman Sachs BDC Inc has a 1-year low of $8.00 and a 1-year high of $22.50. The company has a market cap of $454.52 million, a P/E ratio of 13.80 and a beta of 0.98.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.49%. The ex-dividend date is Monday, March 30th. Goldman Sachs BDC’s dividend payout ratio is 90.91%.

GSBD has been the topic of a number of recent research reports. ValuEngine lowered shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a report on Friday, March 20th. Piper Jaffray Companies lowered shares of Goldman Sachs BDC from an “outperform” rating to a “market perform” rating in a report on Monday, February 24th. They noted that the move was a valuation call. Wells Fargo & Co upgraded shares of Goldman Sachs BDC from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $20.25 to $15.75 in a report on Wednesday. Raymond James lowered shares of Goldman Sachs BDC from an “outperform” rating to a “market perform” rating in a report on Monday, February 24th. Finally, Zacks Investment Research upgraded shares of Goldman Sachs BDC from a “strong sell” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $20.95.

In related news, Director Ross Jay Kari bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The shares were bought at an average price of $11.81 per share, for a total transaction of $59,050.00. Following the transaction, the director now directly owns 15,061 shares of the company’s stock, valued at $177,870.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jon Yoder bought 2,500 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were bought at an average price of $11.74 per share, for a total transaction of $29,350.00. Following the transaction, the chief operating officer now directly owns 7,500 shares in the company, valued at $88,050. The disclosure for this purchase can be found here. Insiders bought a total of 20,444 shares of company stock worth $264,843 over the last three months. 0.30% of the stock is owned by company insiders.

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.

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Institutional Ownership by Quarter for Goldman Sachs BDC (NYSE:GSBD)

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