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

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

Goldman Sachs BDC Stock Up 0.4 %

Goldman Sachs BDC stock opened at $14.13 on Monday. The company’s 50 day simple moving average is $14.79 and its 200 day simple moving average is $15.13. Goldman Sachs BDC has a fifty-two week low of $13.39 and a fifty-two week high of $15.94. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 7.36 and a beta of 1.08. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.22 and a quick ratio of 1.22.

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

Goldman Sachs BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.45 per share. The ex-dividend date is Monday, September 30th. This represents a $1.80 annualized dividend and a yield of 12.74%. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 93.75%.

Analysts Set New Price Targets

A number of brokerages have commented on GSBD. StockNews.com lowered shares of Goldman Sachs BDC from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Truist Financial decreased their price objective on shares of Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, August 12th. Finally, Wells Fargo & Company raised shares of Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and decreased their price objective for the stock from $14.00 to $12.00 in a report on Monday, August 12th.

Institutional Trading of Goldman Sachs BDC

Several hedge funds have recently bought and sold shares of GSBD. WFA Asset Management Corp acquired a new stake in shares of Goldman Sachs BDC in the first quarter valued at approximately $29,000. Register Financial Advisors LLC acquired a new stake in shares of Goldman Sachs BDC in the first quarter valued at approximately $41,000. Creekmur Asset Management LLC acquired a new stake in shares of Goldman Sachs BDC in the fourth quarter valued at approximately $45,000. CWM LLC raised its holdings in shares of 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 purchasing an additional 1,500 shares during the last quarter. Finally, Cape Investment Advisory Inc. acquired a new stake in shares of Goldman Sachs BDC in the fourth quarter valued at approximately $58,000. 28.72% of the stock is currently owned by institutional investors and hedge funds.

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.