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

Goldman Sachs BDC, Inc. (NYSE:GSBD) was the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 1,680,000 shares, an increase of 8.4% from the July 31st total of 1,550,000 shares. Based on an average daily volume of 660,200 shares, the short-interest ratio is currently 2.5 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GSBD. Norden Group LLC increased its holdings in shares of Goldman Sachs BDC by 1,000.5% in the first quarter. Norden Group LLC now owns 119,304 shares of the financial services provider’s stock valued at $1,787,000 after purchasing an additional 108,463 shares during the period. Shikiar Asset Management Inc. increased its holdings in shares of Goldman Sachs BDC by 16.1% in the second quarter. Shikiar Asset Management Inc. now owns 554,290 shares of the financial services provider’s stock valued at $8,331,000 after purchasing an additional 76,715 shares during the period. Confluence Investment Management LLC acquired a new position in shares of Goldman Sachs BDC in the first quarter valued at approximately $2,786,000. Naviter Wealth LLC acquired a new position in shares of Goldman Sachs BDC in the first quarter valued at approximately $1,304,000. Finally, Cetera Advisors LLC increased its holdings in shares of Goldman Sachs BDC by 762.7% in the first quarter. Cetera Advisors LLC now owns 136,015 shares of the financial services provider’s stock valued at $2,038,000 after purchasing an additional 120,249 shares during the period. Hedge funds and other institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Price Performance

GSBD stock opened at $14.13 on Monday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $1.65 billion, a P/E ratio of 7.36 and a beta of 1.08. The business’s 50-day moving average is $14.79 and its two-hundred day moving average is $15.13. Goldman Sachs BDC has a 1 year low of $13.39 and a 1 year high of $15.94.

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

Goldman Sachs BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Monday, September 30th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 12.74%. Goldman Sachs BDC’s payout ratio is currently 93.75%.

Analysts Set New Price Targets

Several research firms recently issued reports on GSBD. Wells Fargo & Company raised Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and decreased their target price for the stock from $14.00 to $12.00 in a research note on Monday, August 12th. StockNews.com lowered Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. Finally, Truist Financial reduced 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.

About Goldman Sachs BDC

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.