Goldman Sachs BDC, Inc. (NYSE:GSBD) Sees Significant Decline in Short Interest

Goldman Sachs BDC, Inc. (NYSE:GSBD) saw a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 1,440,000 shares, a decrease of 7.1% from the March 15th total of 1,550,000 shares. Based on an average daily volume of 600,800 shares, the days-to-cover ratio is presently 2.4 days.

Goldman Sachs BDC Stock Up 0.4 %

Shares of NYSE GSBD opened at $14.95 on Tuesday. Goldman Sachs BDC has a 12-month low of $12.75 and a 12-month high of $15.65. The company has a market cap of $1.68 billion, a P/E ratio of 8.30 and a beta of 1.13. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.14. The stock has a fifty day moving average price of $15.16 and a 200 day moving average price of $14.82.

Goldman Sachs BDC (NYSE:GSBD) last announced its earnings results on Wednesday, February 28th. The financial services provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). The business had revenue of $115.40 million for the quarter, compared to analyst estimates of $117.09 million. Goldman Sachs BDC had a net margin of 43.06% and a return on equity of 15.05%. Research analysts anticipate that Goldman Sachs BDC will post 2.18 EPS for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.80 annualized dividend and a dividend yield of 12.04%. Goldman Sachs BDC’s dividend payout ratio is presently 100.00%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GSBD. StockNews.com lowered Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research note on Saturday, March 9th. TheStreet raised Goldman Sachs BDC from a “c” rating to a “b-” rating in a research note on Monday, December 18th. Finally, Wells Fargo & Company increased their price target on Goldman Sachs BDC from $14.50 to $15.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th.

Institutional Trading of Goldman Sachs BDC

Several large investors have recently modified their holdings of the business. Capital Market Strategies LLC grew its stake in shares of Goldman Sachs BDC by 33.4% during the first quarter. Capital Market Strategies LLC now owns 90,340 shares of the financial services provider’s stock valued at $1,353,000 after acquiring an additional 22,613 shares in the last quarter. Confluence Investment Management LLC bought a new position in shares of Goldman Sachs BDC during the first quarter worth about $2,786,000. Quadrature Capital Ltd bought a new position in shares of Goldman Sachs BDC during the fourth quarter worth about $419,000. B. Riley Wealth Advisors Inc. lifted its position in shares of Goldman Sachs BDC by 28.7% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 13,321 shares of the financial services provider’s stock worth $201,000 after purchasing an additional 2,967 shares during the last quarter. Finally, Tucker Asset Management LLC bought a new position in shares of Goldman Sachs BDC during the fourth quarter worth about $65,000. 28.72% of the stock is currently owned by institutional investors and hedge funds.

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.