Virtu Financial LLC Invests $223,000 in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Virtu Financial LLC acquired a new position in Goldman Sachs BDC, Inc. (NYSE:GSBD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,405 shares of the financial services provider’s stock, valued at approximately $223,000.

Other large investors have also added to or reduced their stakes in the company. Sage Rhino Capital LLC grew its stake in Goldman Sachs BDC by 23.9% in the fourth quarter. Sage Rhino Capital LLC now owns 252,335 shares of the financial services provider’s stock valued at $3,053,000 after purchasing an additional 48,639 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings 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 buying an additional 153,316 shares during the last quarter. Magnus Financial Group LLC bought a new position in shares of Goldman Sachs BDC in the fourth quarter valued at $246,000. Stiles Financial Services Inc acquired a new position in Goldman Sachs BDC during the fourth quarter worth $383,000. Finally, Quadrant Private Wealth Management LLC raised its position in Goldman Sachs BDC by 13.5% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 182,279 shares of the financial services provider’s stock worth $2,288,000 after acquiring an additional 21,620 shares in the last quarter. Institutional investors and hedge funds own 28.72% of the company’s stock.

Analysts Set New Price Targets

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

Goldman Sachs BDC Stock Performance

GSBD opened at $12.11 on Friday. 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 stock has a market cap of $1.42 billion, a price-to-earnings ratio of 17.29 and a beta of 1.06. Goldman Sachs BDC, Inc. has a 12-month low of $11.72 and a 12-month high of $15.94. The business has a 50 day moving average of $12.62 and a 200-day moving average of $12.97.

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 dividend of $0.16 per share. This is an increase from Goldman Sachs BDC’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.64 annualized dividend and a yield of 5.29%. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 224.56%.

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.