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

Goldman Sachs BDC, Inc. (NYSE:GSBD) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 6,131,889 shares, a growth of 30.3% from the March 15th total of 4,705,512 shares. Based on an average trading volume of 1,377,280 shares, the days-to-cover ratio is currently 4.5 days. Currently, 5.5% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Weiss Ratings upgraded Goldman Sachs BDC from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, March 5th. Wells Fargo & Company lowered their price target 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. Wall Street Zen raised Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Sunday, March 15th. Finally, Truist Financial reduced their price objective on Goldman Sachs BDC from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, March 4th. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Goldman Sachs BDC presently has an average rating of “Reduce” and an average target price of $9.50.

Insiders Place Their Bets

In other Goldman Sachs BDC news, Director Carlos E. Evans purchased 50,000 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was bought at an average cost of $9.02 per share, with a total value of $451,000.00. Following the acquisition, the director owned 64,446 shares of the company’s stock, valued at $581,302.92. The trade was a 346.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

Institutional Trading of Goldman Sachs BDC

Several institutional investors have recently added to or reduced their stakes in GSBD. ORG Partners LLC purchased a new stake in Goldman Sachs BDC in the fourth quarter valued at $33,000. CWM LLC lifted its stake in shares of 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 buying an additional 3,174 shares during the period. State of Alaska Department of Revenue acquired a new position in Goldman Sachs BDC during the third quarter worth approximately $51,000. Kestra Advisory Services LLC acquired a new position in Goldman Sachs BDC during the fourth quarter worth approximately $57,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Goldman Sachs BDC in the second quarter worth $62,000. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

Goldman Sachs BDC Stock Up 2.5%

Goldman Sachs BDC stock traded up $0.24 during mid-day trading on Friday, reaching $9.79. The stock had a trading volume of 1,415,925 shares, compared to its average volume of 1,513,117. Goldman Sachs BDC has a fifty-two week low of $8.66 and a fifty-two week high of $12.03. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.01 and a current ratio of 1.01. The stock’s 50-day simple moving average is $9.20 and its 200-day simple moving average is $9.51. The firm has a market capitalization of $1.10 billion, a PE ratio of 9.41 and a beta of 0.57.

Goldman Sachs BDC (NYSE:GSBD) last posted its earnings results on Friday, February 27th. The financial services provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. Goldman Sachs BDC had a return on equity of 12.23% and a net margin of 32.62%.The company had revenue of $38.79 million for the quarter, compared to analyst estimates of $87.18 million. On average, sell-side analysts forecast that Goldman Sachs BDC will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The company also recently announced 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 is Tuesday, March 31st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 13.1%. Goldman Sachs BDC’s dividend payout ratio is 123.08%.

Goldman Sachs BDC Company Profile

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.