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

Goldman Sachs BDC, Inc. (NYSE:GSBD) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 1,810,000 shares, an increase of 7.7% from the August 31st total of 1,680,000 shares. Based on an average trading volume of 641,000 shares, the short-interest ratio is presently 2.8 days.

Institutional Trading of Goldman Sachs BDC

A number of large investors have recently added to or reduced their stakes in GSBD. WFA Asset Management Corp bought a new stake in shares of Goldman Sachs BDC in the 1st quarter worth about $29,000. Register Financial Advisors LLC bought a new stake in Goldman Sachs BDC during the first quarter worth approximately $41,000. Creekmur Asset Management LLC purchased a new stake in Goldman Sachs BDC during the fourth quarter valued at approximately $45,000. Tucker Asset Management LLC bought a new stake in shares of Goldman Sachs BDC in the 4th quarter valued at approximately $65,000. Finally, Rothschild Investment LLC purchased a new position in shares of Goldman Sachs BDC in the 2nd quarter worth approximately $113,000. Institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Price Performance

GSBD stock opened at $14.42 on Monday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.22 and a current ratio of 1.22. The company’s fifty day moving average price is $14.29 and its 200-day moving average price is $14.96. Goldman Sachs BDC has a one year low of $13.39 and a one year high of $15.94. The company has a market capitalization of $1.62 billion, a PE ratio of 7.51 and a beta of 1.07.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.52 by $0.05. The business had revenue of $108.62 million for the quarter, compared to analysts’ expectations of $112.07 million. Goldman Sachs BDC had a net margin of 19.84% and a return on equity of 15.79%. On average, equities analysts anticipate that Goldman Sachs BDC will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Monday, September 30th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 12.48%. The ex-dividend date of this dividend is Monday, September 30th. Goldman Sachs BDC’s payout ratio is presently 93.75%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. StockNews.com upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Wednesday, September 25th. Truist Financial cut their price target on Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating for the company in a research note on Monday, August 12th. Finally, Wells Fargo & Company raised Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and dropped their price objective for the stock from $14.00 to $12.00 in a research note on Monday, August 12th.

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.