JPMorgan Chase & Co. Grows Holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD)

JPMorgan Chase & Co. boosted its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 31.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 293,491 shares of the financial services provider's stock after purchasing an additional 71,016 shares during the period. JPMorgan Chase & Co. owned about 0.25% of Goldman Sachs BDC worth $3,551,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Generali Asset Management SPA SGR purchased a new position in shares of Goldman Sachs BDC during the 4th quarter valued at about $12,879,000. Raymond James Financial Inc. bought a new stake in Goldman Sachs BDC during the 4th quarter worth approximately $8,114,000. First National Trust Co purchased a new position in Goldman Sachs BDC during the fourth quarter valued at approximately $2,680,000. Privium Fund Management UK Ltd bought a new position in shares of Goldman Sachs BDC in the fourth quarter worth approximately $1,216,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Goldman Sachs BDC in the third quarter worth $1,101,000. Institutional investors own 28.72% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research note on Sunday, March 23rd.

Goldman Sachs BDC Price Performance

NYSE GSBD traded up $0.13 on Friday, reaching $10.89. The company had a trading volume of 209,962 shares, compared to its average volume of 794,523. The stock has a market capitalization of $1.28 billion, a PE ratio of 15.54 and a beta of 0.87. Goldman Sachs BDC, Inc. has a 12 month low of $9.51 and a 12 month high of $15.94. 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 firm's 50 day moving average price is $11.72 and its 200 day moving average price is $12.47.

Goldman Sachs BDC Increases Dividend

The company 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 $0.16 dividend. This is an increase 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 yield of 5.88%. Goldman Sachs BDC's payout ratio is presently 224.56%.

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.