Goldman Sachs BDC, Inc. (NYSE:GSBD) Sees Large Growth in Short Interest

Goldman Sachs BDC, Inc. (NYSE:GSBD) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 1,810,000 shares, an increase of 7.7% from the August 31st total of 1,680,000 shares. Based on an average daily volume of 641,000 shares, the days-to-cover ratio is presently 2.8 days.

Goldman Sachs BDC Trading Up 0.6 %

NYSE:GSBD opened at $14.42 on Monday. The firm has a market capitalization of $1.62 billion, a P/E ratio of 7.51 and a beta of 1.07. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.22 and a quick ratio of 1.22. Goldman Sachs BDC has a one year low of $13.39 and a one year high of $15.94. The company’s 50-day simple moving average is $14.29 and its 200 day simple moving average is $14.96.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.05. The company had revenue of $108.62 million for the quarter, compared to the consensus estimate of $112.07 million. Goldman Sachs BDC had a return on equity of 15.79% and a net margin of 19.84%. As a group, analysts forecast that Goldman Sachs BDC will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Monday, September 30th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 12.48%. The ex-dividend date of this dividend is Monday, September 30th. Goldman Sachs BDC’s dividend payout ratio is presently 93.75%.

Wall Street Analysts Forecast Growth

GSBD has been the subject of a number of research reports. StockNews.com raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Wednesday, September 25th. Wells Fargo & Company upgraded Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and lowered their target price for the company from $14.00 to $12.00 in a research note on Monday, August 12th. Finally, Truist Financial dropped their price target on Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating on the stock in a research report on Monday, August 12th.

Hedge Funds Weigh In On Goldman Sachs BDC

A number of hedge funds have recently bought and sold shares of the company. WFA Asset Management Corp bought a new position in shares of Goldman Sachs BDC in the first quarter worth approximately $29,000. Register Financial Advisors LLC bought a new position in Goldman Sachs BDC in the 1st quarter valued at approximately $41,000. Creekmur Asset Management LLC bought a new stake in shares of Goldman Sachs BDC in the 4th quarter worth $45,000. Tucker Asset Management LLC purchased a new position in shares of Goldman Sachs BDC in the fourth quarter worth $65,000. Finally, Rothschild Investment LLC bought a new position in shares of Goldman Sachs BDC during the second quarter valued at $113,000. Institutional investors own 28.72% of the company’s stock.

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.