Generali Asset Management SPA SGR Invests $12.88 Million in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Generali Asset Management SPA SGR acquired a new position in Goldman Sachs BDC, Inc. (NYSE:GSBD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,064,367 shares of the financial services provider’s stock, valued at approximately $12,879,000. Generali Asset Management SPA SGR owned approximately 0.91% of Goldman Sachs BDC as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in GSBD. Vision Financial Markets LLC acquired a new stake in shares of Goldman Sachs BDC in the fourth quarter worth $27,000. Nomura Asset Management Co. Ltd. grew its holdings in Goldman Sachs BDC by 149.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,275 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new stake in Goldman Sachs BDC during the 4th quarter valued at $128,000. Wealthcare Advisory Partners LLC acquired a new stake in Goldman Sachs BDC during the 4th quarter valued at $135,000. Finally, Canton Hathaway LLC acquired a new stake in Goldman Sachs BDC during the 4th quarter valued at $137,000. Institutional investors and hedge funds own 28.72% of the company’s stock.

Goldman Sachs BDC Trading Up 1.4 %

NYSE GSBD opened at $12.21 on Tuesday. Goldman Sachs BDC, Inc. has a 12 month low of $11.72 and a 12 month high of $15.94. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 17.44 and a beta of 1.06. The company’s fifty day moving average price is $12.58 and its two-hundred day moving average price is $13.07.

Goldman Sachs BDC Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders 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 yield of 5.24%. 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. Goldman Sachs BDC’s dividend payout ratio is 224.56%.

Analyst Ratings Changes

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

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.