Goldman Sachs BDC, Inc. (NYSE:GSBD) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP lifted its stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 300.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 349,927 shares of the financial services provider’s stock after purchasing an additional 262,488 shares during the quarter. Trexquant Investment LP owned about 0.30% of Goldman Sachs BDC worth $4,234,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Generali Asset Management SPA SGR purchased a new position in Goldman Sachs BDC during the 4th quarter worth approximately $12,879,000. Raymond James Financial Inc. purchased a new position in Goldman Sachs BDC in the 4th quarter valued at about $8,114,000. First National Trust Co acquired a new stake in shares of Goldman Sachs BDC in the fourth quarter worth approximately $2,680,000. JPMorgan Chase & Co. boosted its stake in Goldman Sachs BDC by 221.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 222,475 shares of the financial services provider’s stock worth $3,061,000 after purchasing an additional 153,316 shares during the last quarter. Finally, Privium Fund Management UK Ltd acquired a new position in Goldman Sachs BDC during the fourth quarter worth about $1,216,000. Hedge funds and other institutional investors own 28.72% of the company’s stock.

Analysts Set New Price Targets

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

Goldman Sachs BDC Stock Performance

NYSE GSBD opened at $10.62 on Friday. Goldman Sachs BDC, Inc. has a twelve month low of $10.57 and a twelve month high of $15.94. The stock has a market cap of $1.25 billion, a PE ratio of 15.16 and a beta of 0.87. The stock has a fifty day simple moving average of $12.51 and a 200-day simple moving average of $12.87. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, March 31st will be paid a $0.16 dividend. The ex-dividend date is Monday, March 31st. This is a boost 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 6.03%. Goldman Sachs BDC’s payout ratio is presently 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.