Dynamic Technology Lab Private Ltd Takes $1.02 Million Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Dynamic Technology Lab Private Ltd purchased a new stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 84,143 shares of the financial services provider’s stock, valued at approximately $1,018,000.

Several other institutional investors have also bought and sold shares of GSBD. Generali Asset Management SPA SGR bought a new stake in shares of Goldman Sachs BDC in the 4th quarter worth about $12,879,000. Raymond James Financial Inc. acquired a new stake in shares of Goldman Sachs BDC during the fourth quarter worth approximately $8,114,000. Trexquant Investment LP raised its stake in shares of Goldman Sachs BDC by 300.2% in 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 acquired a new position in shares of Goldman Sachs BDC in the 4th quarter worth approximately $2,680,000. Finally, JPMorgan Chase & Co. increased its holdings 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 valued at $3,061,000 after purchasing an additional 153,316 shares in the last quarter. Institutional investors and hedge funds own 28.72% of the company’s stock.

Goldman Sachs BDC Stock Performance

GSBD stock opened at $10.62 on Friday. The company has a 50 day moving average price of $12.51 and a 200 day moving average price of $12.87. Goldman Sachs BDC, Inc. has a fifty-two week low of $10.57 and a fifty-two week high of $15.94. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $1.25 billion, a PE ratio of 15.16 and a beta of 0.87.

Goldman Sachs BDC Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, March 31st will be given a dividend of $0.16 per share. This is a boost from Goldman Sachs BDC’s previous quarterly dividend of $0.05. The ex-dividend date is Monday, March 31st. This represents a $0.64 annualized dividend and a dividend yield of 6.03%. Goldman Sachs BDC’s payout ratio is presently 224.56%.

Wall Street Analysts Forecast Growth

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 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.