Trexquant Investment LP Raises Holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Trexquant Investment LP lifted its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 300.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 349,927 shares of the financial services provider’s stock after purchasing an additional 262,488 shares during the period. Trexquant Investment LP’s holdings in Goldman Sachs BDC were worth $4,234,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp boosted its stake in Goldman Sachs BDC by 1.0% in 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 acquiring an additional 25,888 shares in the last quarter. Generali Asset Management SPA SGR purchased a new position in Goldman Sachs BDC in the 4th quarter valued at $12,879,000. Raymond James Financial Inc. acquired a new position in shares of Goldman Sachs BDC during the fourth quarter worth about $8,114,000. Shikiar Asset Management Inc. increased its position in Goldman Sachs BDC by 6.7% during the 4th quarter. Shikiar Asset Management Inc. now owns 450,090 shares of the financial services provider’s stock worth $5,446,000 after purchasing an additional 28,100 shares during the period. Finally, Arcus Capital Partners LLC grew its holdings in Goldman Sachs BDC by 0.7% during the fourth quarter. Arcus Capital Partners LLC now owns 401,369 shares of the financial services provider’s stock worth $4,857,000 after acquiring an additional 2,958 shares during the period. 28.72% of the stock is owned by hedge funds and other institutional investors.

Goldman Sachs BDC Trading Down 6.9 %

Goldman Sachs BDC stock opened at $10.62 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.19. The stock has a market cap of $1.25 billion, a PE ratio of 15.16 and a beta of 0.87. The stock 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 52 week low of $10.57 and a 52 week high of $15.94.

Goldman Sachs BDC Increases Dividend

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

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Sunday, March 23rd.

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.