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

Goldman Sachs BDC, Inc. (NYSE:GSBD) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 1,692,488 shares, a decrease of 18.6% from the November 30th total of 2,080,024 shares. Based on an average trading volume of 1,198,304 shares, the short-interest ratio is currently 1.4 days. Approximately 1.5% of the company’s shares are short sold. Approximately 1.5% of the company’s shares are short sold. Based on an average trading volume of 1,198,304 shares, the short-interest ratio is currently 1.4 days.

Institutional Trading of Goldman Sachs BDC

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CIBC Bancorp USA Inc. purchased a new position in shares of Goldman Sachs BDC during the third quarter worth approximately $138,000. Centaurus Financial Inc. increased its stake in Goldman Sachs BDC by 67.2% in the third quarter. Centaurus Financial Inc. now owns 32,432 shares of the financial services provider’s stock valued at $330,000 after purchasing an additional 13,035 shares during the period. Advisory Services Network LLC purchased a new position in shares of Goldman Sachs BDC during the third quarter worth about $68,000. Icon Advisers Inc. Co. lifted its position in Goldman Sachs BDC by 197.8% during the 3rd quarter. Icon Advisers Inc. Co. now owns 115,889 shares of the financial services provider’s stock worth $1,179,000 after acquiring an additional 76,969 shares during the period. Finally, CANADA LIFE ASSURANCE Co grew its stake in shares of Goldman Sachs BDC by 21.8% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 141,682 shares of the financial services provider’s stock valued at $1,523,000 after purchasing an additional 25,403 shares during the last quarter. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Goldman Sachs BDC Stock Down 3.5%

NYSE:GSBD traded down $0.34 during midday trading on Wednesday, reaching $9.29. The company had a trading volume of 2,466,057 shares, compared to its average volume of 1,367,444. Goldman Sachs BDC has a 12-month low of $9.26 and a 12-month high of $13.44. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 8.01 and a beta of 0.64. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.27. The stock’s fifty day simple moving average is $9.80 and its 200-day simple moving average is $10.67.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings results on Thursday, November 6th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. Goldman Sachs BDC had a return on equity of 12.78% and a net margin of 34.72%.The company had revenue of $91.60 million for the quarter, compared to analyst estimates of $88.16 million. On average, sell-side analysts anticipate that Goldman Sachs BDC will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 27th. Investors of record on Wednesday, December 31st will be paid a $0.32 dividend. This is an increase from Goldman Sachs BDC’s previous quarterly dividend of $0.04. This represents a $1.28 dividend on an annualized basis and a yield of 13.8%. The ex-dividend date is Wednesday, December 31st. Goldman Sachs BDC’s payout ratio is presently 110.34%.

Analyst Upgrades and Downgrades

GSBD has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their target price on Goldman Sachs BDC from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Monday, November 10th. Weiss Ratings reissued a “sell (d+)” rating on shares of Goldman Sachs BDC in a research report on Monday. Zacks Research raised shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. Lucid Cap Mkts raised shares of Goldman Sachs BDC to a “hold” rating in a research note on Monday, December 15th. Finally, The Goldman Sachs Group began coverage on shares of Goldman Sachs BDC in a research note on Monday, December 15th. They issued a “neutral” rating and a $10.50 price target on the stock. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Goldman Sachs BDC has a consensus rating of “Reduce” and an average price target of $9.75.

About Goldman Sachs BDC

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.