Jefferies Financial Group Inc. Buys New Shares in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Jefferies Financial Group Inc. bought a new stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 139,673 shares of the financial services provider's stock, valued at approximately $1,690,000. Jefferies Financial Group Inc. owned approximately 0.12% of Goldman Sachs BDC as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Van ECK Associates Corp lifted its position in Goldman Sachs BDC by 1.0% during the fourth quarter. Van ECK Associates Corp now owns 2,732,785 shares of the financial services provider's stock valued at $33,066,000 after purchasing an additional 25,888 shares in the last quarter. Invesco Ltd. raised its holdings in Goldman Sachs BDC by 11.9% during the fourth quarter. Invesco Ltd. now owns 1,095,489 shares of the financial services provider's stock valued at $13,255,000 after acquiring an additional 116,154 shares during the period. Generali Asset Management SPA SGR bought a new stake in Goldman Sachs BDC during the fourth quarter valued at about $12,879,000. Advisors Capital Management LLC raised its holdings in Goldman Sachs BDC by 4.6% during the fourth quarter. Advisors Capital Management LLC now owns 775,035 shares of the financial services provider's stock valued at $9,378,000 after acquiring an additional 34,222 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Goldman Sachs BDC during the fourth quarter valued at about $8,114,000. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

Goldman Sachs BDC Price Performance

NYSE:GSBD opened at $11.18 on Thursday. 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 business's 50-day simple moving average is $11.12 and its two-hundred day simple moving average is $12.20. The stock has a market cap of $1.31 billion, a PE ratio of 15.97 and a beta of 0.71. Goldman Sachs BDC, Inc. has a 52 week low of $9.51 and a 52 week high of $15.86.

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

Goldman Sachs BDC Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Monday, June 30th will be given a $0.32 dividend. This is an increase from Goldman Sachs BDC's previous quarterly dividend of $0.16. This represents a $1.28 dividend on an annualized basis and a dividend yield of 11.45%. The ex-dividend date of this dividend is Monday, June 30th. Goldman Sachs BDC's payout ratio is currently 284.44%.

Analysts Set New Price Targets

GSBD has been the topic of a number of recent analyst reports. StockNews.com raised Goldman Sachs BDC from a "sell" rating to a "hold" rating in a report on Sunday, March 23rd. Wells Fargo & Company decreased their price target on Goldman Sachs BDC from $12.00 to $10.00 and set an "underweight" rating on the stock in a report on Monday, April 28th.

Goldman Sachs BDC Company 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.

Want to see what other hedge funds are holding GSBD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.