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

Goldman Sachs BDC, Inc. (NYSE:GSBD) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 2,133,906 shares, a growth of 26.1% from the December 15th total of 1,692,488 shares. Currently, 1.9% of the company’s stock are sold short. Based on an average trading volume of 1,741,567 shares, the days-to-cover ratio is presently 1.2 days. Based on an average trading volume of 1,741,567 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.9% of the company’s stock are sold short.

Goldman Sachs BDC Stock Performance

Shares of NYSE GSBD traded up $0.01 during trading hours on Tuesday, hitting $9.31. 413,676 shares of the stock were exchanged, compared to its average volume of 1,295,160. Goldman Sachs BDC has a one year low of $8.92 and a one year high of $13.44. The company’s 50 day moving average is $9.62 and its 200 day moving average is $10.45. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.81 and a quick ratio of 1.81. The firm has a market capitalization of $1.06 billion, a P/E ratio of 7.99 and a beta of 0.63.

Goldman Sachs BDC (NYSE:GSBD) last announced its earnings results on Thursday, November 6th. The financial services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.37 by $0.03. Goldman Sachs BDC had a net margin of 34.72% and a return on equity of 12.78%. The firm had revenue of $91.60 million for the quarter, compared to the consensus estimate of $88.16 million. On average, research analysts expect that Goldman Sachs BDC will post 2.19 EPS for the current year.

Goldman Sachs BDC Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 27th. Investors of record on Wednesday, December 31st will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.28 annualized dividend and a dividend yield of 13.7%. This is a boost from Goldman Sachs BDC’s previous quarterly dividend of $0.04. Goldman Sachs BDC’s payout ratio is presently 110.34%.

Analysts Set New Price Targets

Several brokerages have recently commented on GSBD. Wells Fargo & Company dropped their price target on shares of Goldman Sachs BDC from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Monday, November 10th. Zacks Research upgraded shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. Lucid Cap Mkts raised shares of Goldman Sachs BDC to a “hold” rating in a research report on Monday, December 15th. The Goldman Sachs Group initiated coverage on Goldman Sachs BDC in a report on Monday, December 15th. They set a “neutral” rating and a $10.50 target price on the stock. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Goldman Sachs BDC in a research note on Monday, December 29th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $9.75.

Institutional Trading of Goldman Sachs BDC

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC bought a new position in Goldman Sachs BDC in the 2nd quarter worth approximately $97,711,000. Farther Finance Advisors LLC acquired a new stake in shares of Goldman Sachs BDC in the second quarter worth $34,000. U.S. Capital Wealth Advisors LLC bought a new position in Goldman Sachs BDC during the second quarter worth $142,000. Norden Group LLC increased its position in Goldman Sachs BDC by 65.8% during the second quarter. Norden Group LLC now owns 34,939 shares of the financial services provider’s stock worth $393,000 after acquiring an additional 13,872 shares during the period. Finally, Investment Partners Asset Management Inc. raised its stake in Goldman Sachs BDC by 3.8% during the 2nd quarter. Investment Partners Asset Management Inc. now owns 106,141 shares of the financial services provider’s stock valued at $1,194,000 after purchasing an additional 3,841 shares during the last quarter. Institutional investors and hedge funds own 28.72% of the company’s stock.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc (NYSE: GSBD) is an externally managed, closed-end, non-diversified management investment company organized as a business development company (BDC) under the U.S. Investment Company Act of 1940. The company’s primary objective is to generate current income and capital appreciation through debt and equity investments in U.S. middle-market companies. It principally invests in senior secured loans, mezzanine debt, preferred equity and, to a lesser extent, common equity, focusing on sponsor-backed transactions and special-situation financings.

The fund is advised by affiliates of Goldman Sachs Asset Management’s Private Credit Group, leveraging the firm’s global research capabilities and risk management infrastructure.