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

Goldman Sachs BDC, Inc. (NYSE:GSBD) was the target 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 shares of the stock are short sold. Based on an average daily trading volume, of 1,741,567 shares, the short-interest ratio is presently 1.2 days. Based on an average daily trading volume, of 1,741,567 shares, the short-interest ratio is presently 1.2 days. Currently, 1.9% of the shares of the stock are short sold.

Goldman Sachs BDC Stock Performance

Shares of GSBD traded down $0.13 during midday trading on Monday, reaching $9.31. 965,032 shares of the stock were exchanged, compared to its average volume of 1,359,156. Goldman Sachs BDC has a twelve month low of $8.92 and a twelve month high of $13.44. 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 company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 8.02 and a beta of 0.63. The business’s 50-day moving average price is $9.62 and its 200 day moving average price is $10.45.

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

Goldman Sachs BDC Increases Dividend

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

Hedge Funds Weigh In On Goldman Sachs BDC

Several hedge funds have recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC purchased a new position in shares of Goldman Sachs BDC during the 2nd quarter worth about $97,711,000. Generali Asset Management SPA SGR raised its stake in Goldman Sachs BDC by 52.3% during the second quarter. Generali Asset Management SPA SGR now owns 3,294,022 shares of the financial services provider’s stock worth $37,058,000 after purchasing an additional 1,131,403 shares during the period. Balyasny Asset Management L.P. boosted its holdings in shares of Goldman Sachs BDC by 412.8% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,103,870 shares of the financial services provider’s stock valued at $12,419,000 after purchasing an additional 888,608 shares during the last quarter. Ares Management LLC grew its stake in shares of Goldman Sachs BDC by 72.8% during the 2nd quarter. Ares Management LLC now owns 798,421 shares of the financial services provider’s stock valued at $8,982,000 after buying an additional 336,437 shares during the period. Finally, Osaic Holdings Inc. increased its holdings in shares of Goldman Sachs BDC by 176.0% during the 2nd quarter. Osaic Holdings Inc. now owns 520,676 shares of the financial services provider’s stock worth $5,858,000 after buying an additional 332,002 shares during the last quarter. Hedge funds and other institutional investors own 28.72% of the company’s stock.

Analysts Set New Price Targets

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