Short Interest in Goldman Sachs BDC, Inc. (NYSE:GSBD) Increases By 25.5%

Goldman Sachs BDC, Inc. (NYSE:GSBD) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 2,633,872 shares, a growth of 25.5% from the January 15th total of 2,098,901 shares. Approximately 2.3% of the company’s shares are short sold. Based on an average trading volume of 1,389,792 shares, the short-interest ratio is currently 1.9 days. Based on an average trading volume of 1,389,792 shares, the short-interest ratio is currently 1.9 days. Approximately 2.3% of the company’s shares are short sold.

Institutional Trading of Goldman Sachs BDC

A number of institutional investors have recently added to or reduced their stakes in GSBD. MTM Investment Management LLC purchased a new stake in shares of Goldman Sachs BDC during the second quarter worth about $25,000. ORG Partners LLC acquired a new position in shares of Goldman Sachs BDC in the 4th quarter valued at approximately $33,000. CWM LLC boosted its stake in shares of Goldman Sachs BDC by 187.8% during the 3rd quarter. CWM LLC now owns 4,864 shares of the financial services provider’s stock valued at $49,000 after buying an additional 3,174 shares during the last quarter. Private Trust Co. NA grew its position in shares of Goldman Sachs BDC by 1,471.7% during the second quarter. Private Trust Co. NA now owns 5,045 shares of the financial services provider’s stock worth $57,000 after buying an additional 4,724 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of Goldman Sachs BDC in the third quarter worth $51,000. 28.72% of the stock is owned by hedge funds and other institutional investors.

Goldman Sachs BDC Trading Down 2.0%

GSBD traded down $0.19 on Monday, reaching $9.23. 1,956,414 shares of the company’s stock were exchanged, compared to its average volume of 1,512,061. Goldman Sachs BDC has a twelve month low of $8.92 and a twelve month high of $13.44. The company’s 50 day moving average is $9.46 and its 200-day moving average is $10.13. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.81 and a current ratio of 1.81. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 7.95 and a beta of 0.62.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group started coverage on Goldman Sachs BDC in a report on Monday, December 15th. They set a “neutral” rating and a $10.50 price objective on the stock. Wells Fargo & Company lowered their price target on Goldman Sachs BDC from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Monday, November 10th. Lucid Cap Mkts upgraded shares of Goldman Sachs BDC to a “hold” rating in a report on Monday, December 15th. Weiss Ratings reissued a “sell (d+)” rating on shares of Goldman Sachs BDC in a research report on Monday, December 29th. Finally, 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. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $9.75.

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.