Goldman Sachs BDC, Inc. (NYSE:GSBD) Short Interest Update

Goldman Sachs BDC, Inc. (NYSE:GSBD) was the target of a large increase in short interest in August. As of August 15th, there was short interest totalling 1,680,000 shares, an increase of 8.4% from the July 31st total of 1,550,000 shares. Based on an average daily volume of 660,200 shares, the short-interest ratio is currently 2.5 days.

Goldman Sachs BDC Stock Performance

Shares of GSBD opened at $14.18 on Wednesday. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 7.39 and a beta of 1.08. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.22 and a current ratio of 1.22. Goldman Sachs BDC has a 1 year low of $13.39 and a 1 year high of $15.94. The company’s 50 day simple moving average is $14.73 and its 200 day simple moving average is $15.11.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. The company had revenue of $108.62 million for the quarter, compared to analyst estimates of $112.07 million. Goldman Sachs BDC had a return on equity of 15.79% and a net margin of 19.84%. On average, sell-side analysts predict that Goldman Sachs BDC will post 2.19 EPS for the current year.

Goldman Sachs BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Monday, September 30th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 12.69%. The ex-dividend date of this dividend is Monday, September 30th. Goldman Sachs BDC’s payout ratio is 93.75%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GSBD. Truist Financial reduced their target price on Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday, August 12th. Wells Fargo & Company upgraded Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and reduced their price objective for the company from $14.00 to $12.00 in a research report on Monday, August 12th. Finally, StockNews.com cut Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research report on Monday, May 20th.

Institutional Trading of Goldman Sachs BDC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WFA Asset Management Corp purchased a new stake in Goldman Sachs BDC in the first quarter valued at approximately $29,000. Register Financial Advisors LLC purchased a new position in shares of Goldman Sachs BDC in the 1st quarter worth about $41,000. Creekmur Asset Management LLC purchased a new stake in shares of Goldman Sachs BDC during the 4th quarter worth about $45,000. CWM LLC raised its holdings in Goldman Sachs BDC by 75.0% in the fourth quarter. CWM LLC now owns 3,500 shares of the financial services provider’s stock valued at $51,000 after buying an additional 1,500 shares during the period. Finally, Cape Investment Advisory Inc. acquired a new position in Goldman Sachs BDC during the fourth quarter valued at approximately $58,000. Hedge funds and other institutional investors own 28.72% of the company’s stock.

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.