Rockefeller Capital Management L.P. Sells 178,168 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Rockefeller Capital Management L.P. reduced its position in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 54.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 146,758 shares of the financial services provider’s stock after selling 178,168 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.13% of Goldman Sachs BDC worth $1,776,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of GSBD. Generali Asset Management SPA SGR bought a new position in shares of Goldman Sachs BDC in the fourth quarter valued at $12,879,000. Raymond James Financial Inc. bought a new position in Goldman Sachs BDC in the 4th quarter valued at about $8,114,000. Trexquant Investment LP boosted its stake in Goldman Sachs BDC by 300.2% during the 4th quarter. Trexquant Investment LP now owns 349,927 shares of the financial services provider’s stock valued at $4,234,000 after purchasing an additional 262,488 shares during the last quarter. First National Trust Co bought a new stake in Goldman Sachs BDC during the 4th quarter worth approximately $2,680,000. Finally, JPMorgan Chase & Co. raised its position 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 valued at $3,061,000 after buying an additional 153,316 shares during the last quarter. Institutional investors and hedge funds own 28.72% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised 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

GSBD stock opened at $10.57 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. The firm has a market cap of $1.24 billion, a PE ratio of 15.09 and a beta of 0.87. The business has a 50 day moving average of $11.90 and a 200-day moving average of $12.54. Goldman Sachs BDC, Inc. has a 12-month low of $9.51 and a 12-month high of $15.94.

Goldman Sachs BDC Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.06%. This is a boost from Goldman Sachs BDC’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, March 31st. Goldman Sachs BDC’s 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.