Texas Yale Capital Corp. Has $367,000 Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Texas Yale Capital Corp. reduced its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 70.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 30,334 shares of the financial services provider’s stock after selling 71,806 shares during the quarter. Texas Yale Capital Corp.’s holdings in Goldman Sachs BDC were worth $367,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in GSBD. BNP Paribas Financial Markets raised its position in Goldman Sachs BDC by 493.9% during the third quarter. BNP Paribas Financial Markets now owns 35,311 shares of the financial services provider’s stock valued at $486,000 after acquiring an additional 29,365 shares in the last quarter. HighTower Advisors LLC raised its position in Goldman Sachs BDC by 9.0% during the third quarter. HighTower Advisors LLC now owns 315,949 shares of the financial services provider’s stock valued at $4,347,000 after acquiring an additional 26,134 shares in the last quarter. Stifel Financial Corp raised its position in Goldman Sachs BDC by 46.6% during the third quarter. Stifel Financial Corp now owns 21,910 shares of the financial services provider’s stock valued at $301,000 after acquiring an additional 6,963 shares in the last quarter. MML Investors Services LLC raised its position in Goldman Sachs BDC by 4.2% during the third quarter. MML Investors Services LLC now owns 48,557 shares of the financial services provider’s stock valued at $668,000 after acquiring an additional 1,938 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd raised its position in Goldman Sachs BDC by 137.5% during the third quarter. Y Intercept Hong Kong Ltd now owns 103,034 shares of the financial services provider’s stock valued at $1,418,000 after acquiring an additional 59,653 shares in the last quarter. 28.72% of the stock is currently owned by institutional investors and hedge funds.

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, March 23rd.

Goldman Sachs BDC Trading Up 7.0 %

NYSE:GSBD opened at $10.54 on Thursday. Goldman Sachs BDC, Inc. has a 12 month low of $9.51 and a 12 month high of $15.94. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 15.06 and a beta of 0.87. 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 company’s 50 day moving average is $12.25 and its 200-day moving average is $12.73.

Goldman Sachs BDC Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, March 31st will be given a $0.16 dividend. This is a positive change from Goldman Sachs BDC’s previous quarterly dividend of $0.05. The ex-dividend date is Monday, March 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.07%. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 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.