Short Interest in Goldman Sachs BDC, Inc. (NYSE:GSBD) Grows By 30.3%

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 totaling 6,131,889 shares, an increase of 30.3% from the March 15th total of 4,705,512 shares. Based on an average daily volume of 1,377,280 shares, the short-interest ratio is presently 4.5 days. Currently, 5.5% of the company’s stock are short sold.

Goldman Sachs BDC Stock Performance

Goldman Sachs BDC stock traded up $0.24 during trading on Friday, reaching $9.79. The company had a trading volume of 1,415,925 shares, compared to its average volume of 1,328,412. Goldman Sachs BDC has a 52 week low of $8.66 and a 52 week high of $12.03. The firm’s 50-day simple moving average is $9.21 and its 200 day simple moving average is $9.51. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 9.41 and a beta of 0.57. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.32.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings results on Friday, February 27th. The financial services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $38.79 million for the quarter, compared to analysts’ expectations of $87.18 million. Goldman Sachs BDC had a return on equity of 12.23% and a net margin of 32.62%. Sell-side analysts forecast 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 declared a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.28 dividend on an annualized basis and a yield of 13.1%. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 123.08%.

Insider Buying and Selling

In other Goldman Sachs BDC news, Director Carlos E. Evans bought 50,000 shares of the business’s stock in a transaction on Thursday, April 2nd. The shares were acquired at an average cost of $9.02 per share, for a total transaction of $451,000.00. Following the purchase, the director owned 64,446 shares in the company, valued at approximately $581,302.92. This trade represents a 346.12% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On Goldman Sachs BDC

A number of institutional investors and hedge funds have recently bought and sold shares of GSBD. ORG Partners LLC bought a new stake in Goldman Sachs BDC during the fourth quarter valued at about $33,000. CWM LLC raised its holdings in Goldman Sachs BDC by 187.8% during the third quarter. CWM LLC now owns 4,864 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 3,174 shares during the period. State of Alaska Department of Revenue bought a new stake in Goldman Sachs BDC during the third quarter valued at about $51,000. Kestra Advisory Services LLC bought a new stake in Goldman Sachs BDC during the fourth quarter valued at about $57,000. Finally, Quantbot Technologies LP bought a new stake in Goldman Sachs BDC during the second quarter valued at about $62,000. 28.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GSBD has been the topic of a number of recent research reports. Wells Fargo & Company decreased their target price on Goldman Sachs BDC from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Monday, March 2nd. Weiss Ratings raised Goldman Sachs BDC from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, March 5th. Wall Street Zen raised Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Sunday, March 15th. Finally, Truist Financial decreased their target price on Goldman Sachs BDC from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, March 4th. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Goldman Sachs BDC presently has a consensus rating of “Reduce” and an average price target of $9.50.

About Goldman Sachs BDC

Goldman Sachs BDC, Inc (NYSE: GSBD) is an externally managed, closed-end, non-diversified management investment company organized as a business development company (BDC) under the U.S. Investment Company Act of 1940. The company’s primary objective is to generate current income and capital appreciation through debt and equity investments in U.S. middle-market companies. It principally invests in senior secured loans, mezzanine debt, preferred equity and, to a lesser extent, common equity, focusing on sponsor-backed transactions and special-situation financings.

The fund is advised by affiliates of Goldman Sachs Asset Management’s Private Credit Group, leveraging the firm’s global research capabilities and risk management infrastructure.