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 March. As of March 31st, there was short interest totalling 1,820,000 shares, an increase of 27.3% from the March 15th total of 1,430,000 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average daily trading volume, of 930,400 shares, the short-interest ratio is currently 2.0 days.

Institutional Investors Weigh In On Goldman Sachs BDC

Institutional investors and hedge funds have recently bought and sold shares of the company. Vision Financial Markets LLC bought a new stake in shares of Goldman Sachs BDC during the 4th quarter worth approximately $27,000. Quarry LP bought a new stake in Goldman Sachs BDC during the fourth quarter worth $33,000. Tower Research Capital LLC TRC increased its stake in shares of Goldman Sachs BDC by 211.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,074 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 2,086 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Goldman Sachs BDC by 81.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,858 shares of the financial services provider’s stock worth $47,000 after buying an additional 1,728 shares in the last quarter. Finally, Transce3nd LLC bought a new stake in shares of Goldman Sachs BDC during the 4th quarter worth $105,000. Institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Price Performance

Shares of NYSE GSBD traded down $0.26 during midday trading on Monday, reaching $10.33. The company’s stock had a trading volume of 195,480 shares, compared to its average volume of 796,205. The company has a market cap of $1.21 billion, a P/E ratio of 14.76 and a beta of 0.87. Goldman Sachs BDC has a fifty-two week low of $9.51 and a fifty-two week high of $15.94. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26. The business’s 50 day moving average price is $11.90 and its two-hundred day moving average price is $12.54.

Goldman Sachs BDC Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.16 per share. This is a positive change from Goldman Sachs BDC’s previous quarterly dividend of $0.05. This represents a $0.64 annualized dividend and a dividend yield of 6.20%. The ex-dividend date is Monday, March 31st. Goldman Sachs BDC’s dividend payout ratio is 224.56%.

Analysts Set New Price Targets

Separately, StockNews.com raised Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Sunday, March 23rd.

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.