Jane Street Group LLC Has $1.60 Million Holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Jane Street Group LLC grew its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 924.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 132,152 shares of the financial services provider’s stock after purchasing an additional 119,252 shares during the period. Jane Street Group LLC owned about 0.11% of Goldman Sachs BDC worth $1,599,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in GSBD. Generali Asset Management SPA SGR acquired a new position in Goldman Sachs BDC in the fourth quarter worth approximately $12,879,000. Raymond James Financial Inc. acquired a new position in shares of Goldman Sachs BDC during the 4th quarter worth $8,114,000. Trexquant Investment LP increased its stake in shares of Goldman Sachs BDC by 300.2% during the 4th quarter. Trexquant Investment LP now owns 349,927 shares of the financial services provider’s stock worth $4,234,000 after purchasing 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 4th quarter valued at $2,680,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Goldman Sachs BDC by 221.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 222,475 shares of the financial services provider’s stock valued at $3,061,000 after purchasing an additional 153,316 shares during the last quarter. 28.72% of the stock is owned by hedge funds and other institutional investors.

Goldman Sachs BDC Price Performance

Goldman Sachs BDC stock opened at $11.29 on Monday. The business’s fifty day moving average is $11.09 and its two-hundred day moving average is $12.15. 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 firm has a market cap of $1.32 billion, a P/E ratio of 16.12 and a beta of 0.71. Goldman Sachs BDC, Inc. has a 52 week low of $9.51 and a 52 week high of $15.81.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings data on Thursday, May 8th. The financial services provider reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.02). Goldman Sachs BDC had a return on equity of 15.72% and a net margin of 17.01%. The company had revenue of $96.94 million during the quarter, compared to the consensus estimate of $101.12 million. Equities research analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.28 dividend on an annualized basis and a yield of 11.34%. This is a boost from Goldman Sachs BDC’s previous quarterly dividend of $0.16. Goldman Sachs BDC’s dividend payout ratio (DPR) is 284.44%.

Analysts Set New Price Targets

Several research firms recently weighed in on GSBD. StockNews.com upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Sunday, March 23rd. Wells Fargo & Company reduced their price objective on shares of Goldman Sachs BDC from $12.00 to $10.00 and set an “underweight” rating for the company in a research note on Monday, April 28th.

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.