Invesco Ltd. Increases Stock Holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Invesco Ltd. increased its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 11.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,095,489 shares of the financial services provider’s stock after buying an additional 116,154 shares during the quarter. Invesco Ltd. owned about 0.93% of Goldman Sachs BDC worth $13,255,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in GSBD. Vision Financial Markets LLC acquired a new stake in shares of Goldman Sachs BDC during the 4th quarter worth $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 valued at $47,000 after acquiring an additional 1,728 shares during the period. Chicago Partners Investment Group LLC acquired a new stake in Goldman Sachs BDC during the fourth quarter worth about $128,000. Wealthcare Advisory Partners LLC purchased a new position in shares of Goldman Sachs BDC in the 4th quarter worth about $135,000. Finally, Canton Hathaway LLC purchased a new stake in shares of Goldman Sachs BDC during the 4th quarter worth about $137,000. 28.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Goldman Sachs BDC Price Performance

GSBD stock opened at $10.37 on Tuesday. The firm has a market cap of $1.22 billion, a P/E ratio of 14.81 and a beta of 0.87. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26. Goldman Sachs BDC, Inc. has a 1 year low of $9.51 and a 1 year high of $15.94. The stock has a 50-day simple moving average of $11.86 and a 200-day simple moving average of $12.52.

Goldman Sachs BDC Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, March 31st will be given a $0.16 dividend. This is an increase from Goldman Sachs BDC’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.64 annualized dividend and a yield of 6.17%. Goldman Sachs BDC’s dividend payout ratio (DPR) is 224.56%.

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.