Goldman Sachs BDC Inc (NYSE:GSBD) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totalling 322,900 shares, an increase of 10.4% from the June 30th total of 292,400 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average trading volume of 134,800 shares, the short-interest ratio is currently 2.4 days.

Several institutional investors have recently modified their holdings of the company. IHT Wealth Management LLC lifted its holdings in shares of Goldman Sachs BDC by 3.2% in the second quarter. IHT Wealth Management LLC now owns 23,643 shares of the financial services provider’s stock valued at $465,000 after purchasing an additional 723 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Goldman Sachs BDC by 1.0% in the first quarter. Private Advisor Group LLC now owns 107,314 shares of the financial services provider’s stock valued at $2,204,000 after purchasing an additional 1,043 shares in the last quarter. Cetera Advisor Networks LLC lifted its holdings in shares of Goldman Sachs BDC by 2.7% in the first quarter. Cetera Advisor Networks LLC now owns 61,801 shares of the financial services provider’s stock valued at $1,272,000 after purchasing an additional 1,653 shares in the last quarter. MML Investors Services LLC lifted its holdings in shares of Goldman Sachs BDC by 9.8% in the second quarter. MML Investors Services LLC now owns 21,070 shares of the financial services provider’s stock valued at $414,000 after purchasing an additional 1,880 shares in the last quarter. Finally, Monument Capital Management lifted its holdings in shares of Goldman Sachs BDC by 3.7% in the second quarter. Monument Capital Management now owns 59,231 shares of the financial services provider’s stock valued at $1,164,000 after purchasing an additional 2,088 shares in the last quarter. Institutional investors own 34.62% of the company’s stock.

GSBD has been the topic of several recent analyst reports. Zacks Investment Research lowered Goldman Sachs BDC from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Wells Fargo & Co reiterated a “market perform” rating and set a $20.00 target price (down from $20.50) on shares of Goldman Sachs BDC in a report on Monday, May 13th. Raymond James reiterated an “outperform” rating and set a $22.00 target price (down from $23.00) on shares of Goldman Sachs BDC in a report on Monday, May 13th. Citigroup reduced their target price on Goldman Sachs BDC from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, April 17th. Finally, National Securities reiterated a “buy” rating and set a $22.00 target price on shares of Goldman Sachs BDC in a report on Monday, May 13th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $21.40.

GSBD stock traded down $0.35 during midday trading on Wednesday, hitting $19.46. 139,500 shares of the company’s stock were exchanged, compared to its average volume of 121,353. The stock’s fifty day moving average is $19.83. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $787.80 million, a P/E ratio of 9.45, a PEG ratio of 10.03 and a beta of 0.99. Goldman Sachs BDC has a one year low of $17.73 and a one year high of $22.75.

Goldman Sachs BDC (NYSE:GSBD) last posted its earnings results on Thursday, August 1st. The financial services provider reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.01. The firm had revenue of $38.40 million for the quarter, compared to analyst estimates of $37.76 million. Goldman Sachs BDC had a return on equity of 12.07% and a net margin of 24.25%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 earnings per share. On average, analysts predict that Goldman Sachs BDC will post 1.98 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, September 27th. This represents a $1.80 annualized dividend and a yield of 9.25%. Goldman Sachs BDC’s dividend payout ratio is presently 87.38%.

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.

Featured Article: What are the economic characteristics of a bear market?

Receive News & Ratings for Goldman Sachs BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs BDC and related companies with MarketBeat.com's FREE daily email newsletter.