Jane Street Group LLC Increases Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Jane Street Group LLC lifted its position in Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 924.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,152 shares of the financial services provider's stock after purchasing an additional 119,252 shares during the quarter. Jane Street Group LLC owned 0.11% of Goldman Sachs BDC worth $1,599,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Generali Asset Management SPA SGR bought a new position in shares of Goldman Sachs BDC during the fourth quarter valued at about $12,879,000. Raymond James Financial Inc. bought a new position in shares of Goldman Sachs BDC during the fourth quarter valued at about $8,114,000. Trexquant Investment LP raised its stake in shares of Goldman Sachs BDC by 300.2% during the fourth quarter. Trexquant Investment LP now owns 349,927 shares of the financial services provider's stock valued at $4,234,000 after acquiring an additional 262,488 shares during the last quarter. First National Trust Co bought a new position in shares of Goldman Sachs BDC during the fourth quarter valued at about $2,680,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Goldman Sachs BDC by 221.7% during the third quarter. JPMorgan Chase & Co. now owns 222,475 shares of the financial services provider's stock valued at $3,061,000 after acquiring an additional 153,316 shares during the last quarter. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GSBD has been the subject of several recent analyst reports. Wall Street Zen raised shares of Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research note on Sunday, March 23rd. Wells Fargo & Company reduced their price target on shares of Goldman Sachs BDC from $12.00 to $10.00 and set an "underweight" rating on the stock in a research report on Monday, April 28th.

Goldman Sachs BDC Trading Up 0.1%

Shares of NYSE GSBD traded up $0.02 during midday trading on Friday, hitting $11.01. 357,484 shares of the company traded hands, compared to its average volume of 792,074. Goldman Sachs BDC, Inc. has a 12-month low of $9.51 and a 12-month high of $15.81. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a 50-day moving average price of $10.99 and a 200 day moving average price of $12.09. The firm has a market cap of $1.29 billion, a P/E ratio of 15.72 and a beta of 0.71.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.02). Goldman Sachs BDC had a net margin of 17.01% and a return on equity of 15.72%. The company had revenue of $96.94 million for the quarter, compared to analysts' expectations of $101.12 million. As a group, analysts expect that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be issued a $0.05 dividend. This represents a yield of 17.09%. The ex-dividend date of this dividend is Friday, May 30th. Goldman Sachs BDC's dividend payout ratio (DPR) is presently 284.44%.

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.