TrueMark Investments LLC Sells 45,053 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

TrueMark Investments LLC reduced its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 51.3% in the fourth quarter, HoldingsChannel reports. The fund owned 42,771 shares of the financial services provider’s stock after selling 45,053 shares during the period. TrueMark Investments LLC’s holdings in Goldman Sachs BDC were worth $518,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Van ECK Associates Corp boosted its position in shares of Goldman Sachs BDC by 1.0% in the 4th quarter. Van ECK Associates Corp now owns 2,732,785 shares of the financial services provider’s stock worth $33,066,000 after purchasing an additional 25,888 shares in the last quarter. Generali Asset Management SPA SGR purchased a new position in Goldman Sachs BDC during the fourth quarter valued at $12,879,000. Raymond James Financial Inc. bought a new stake in Goldman Sachs BDC in the fourth quarter worth $8,114,000. Shikiar Asset Management Inc. increased its holdings in shares of Goldman Sachs BDC by 6.7% during the fourth quarter. Shikiar Asset Management Inc. now owns 450,090 shares of the financial services provider’s stock valued at $5,446,000 after acquiring an additional 28,100 shares in the last quarter. Finally, Arcus Capital Partners LLC raised its position in shares of Goldman Sachs BDC by 0.7% in the 4th quarter. Arcus Capital Partners LLC now owns 401,369 shares of the financial services provider’s stock worth $4,857,000 after purchasing an additional 2,958 shares during the last quarter. Institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Stock Performance

GSBD stock opened at $12.34 on Wednesday. The stock’s 50 day simple moving average is $12.62 and its 200 day simple moving average is $12.99. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.19. Goldman Sachs BDC, Inc. has a 12-month low of $11.72 and a 12-month high of $15.94. The stock has a market capitalization of $1.45 billion, a PE ratio of 17.63 and a beta of 1.06.

Goldman Sachs BDC Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.16 per share. This is an increase 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 5.19%. The ex-dividend date of this dividend is Monday, March 31st. Goldman Sachs BDC’s dividend payout ratio is presently 224.56%.

Wall Street Analyst Weigh In

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

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.