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

JPMorgan Chase & Co. grew its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 221.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 222,475 shares of the financial services provider's stock after acquiring an additional 153,316 shares during the period. JPMorgan Chase & Co. owned 0.19% of Goldman Sachs BDC worth $3,061,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake in Goldman Sachs BDC by 4,607.0% during the third quarter. Farther Finance Advisors LLC now owns 2,024 shares of the financial services provider's stock worth $28,000 after acquiring an additional 1,981 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Goldman Sachs BDC by 149.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the financial services provider's stock worth $29,000 after purchasing an additional 1,275 shares in the last quarter. WFA Asset Management Corp acquired a new stake in shares of Goldman Sachs BDC in the 3rd quarter valued at about $33,000. Principal Street Partners LLC acquired a new stake in shares of Goldman Sachs BDC in the 3rd quarter valued at about $141,000. Finally, Centaurus Financial Inc. increased its position in Goldman Sachs BDC by 15.9% in the 2nd quarter. Centaurus Financial Inc. now owns 9,584 shares of the financial services provider's stock valued at $144,000 after buying an additional 1,316 shares in the last quarter. 28.72% of the stock is owned by institutional investors.

Goldman Sachs BDC Stock Down 1.1 %

GSBD traded down $0.13 during trading on Monday, hitting $12.27. 1,091,316 shares of the company's stock were exchanged, compared to its average volume of 1,108,442. Goldman Sachs BDC, Inc. has a fifty-two week low of $11.72 and a fifty-two week high of $15.94. The stock has a market cap of $1.44 billion, a P/E ratio of 17.53 and a beta of 1.06. The business's 50 day moving average is $12.66 and its two-hundred day moving average is $13.64. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last posted its earnings results on Thursday, November 7th. The financial services provider reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.02. The company had revenue of $110.41 million for the quarter, compared to analyst estimates of $112.43 million. Goldman Sachs BDC had a net margin of 17.01% and a return on equity of 15.72%. During the same quarter in the prior year, the business posted $0.64 EPS. As a group, equities analysts expect that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Tuesday, December 31st will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.80 annualized dividend and a dividend yield of 14.67%. Goldman Sachs BDC's payout ratio is 257.15%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Goldman Sachs BDC from a "sell" rating to a "hold" rating in a report on Tuesday, October 8th.

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.