Goldman Sachs BDC, Inc. (NYSE:GSBD) Short Interest Down 7.1% in March

Goldman Sachs BDC, Inc. (NYSE:GSBD) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 1,440,000 shares, a decrease of 7.1% from the March 15th total of 1,550,000 shares. Based on an average daily trading volume, of 600,800 shares, the short-interest ratio is presently 2.4 days.

Institutional Investors Weigh In On Goldman Sachs BDC

Several institutional investors and hedge funds have recently modified their holdings of GSBD. Lazard Asset Management LLC purchased a new position in Goldman Sachs BDC during the 1st quarter valued at about $29,000. Barclays PLC purchased a new position in Goldman Sachs BDC during the 4th quarter valued at about $29,000. LM Advisors LLC purchased a new position in Goldman Sachs BDC during the 4th quarter valued at about $37,000. Signaturefd LLC purchased a new position in Goldman Sachs BDC during the 4th quarter valued at about $40,000. Finally, Register Financial Advisors LLC purchased a new position in Goldman Sachs BDC during the 1st quarter valued at about $41,000. 28.72% of the stock is owned by hedge funds and other institutional investors.

Goldman Sachs BDC Trading Up 1.1 %

Shares of GSBD opened at $15.13 on Thursday. The stock has a market capitalization of $1.70 billion, a P/E ratio of 8.41 and a beta of 1.13. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.14. The firm has a fifty day simple moving average of $15.16 and a two-hundred day simple moving average of $14.83. Goldman Sachs BDC has a twelve month low of $12.75 and a twelve month high of $15.65.

Goldman Sachs BDC (NYSE:GSBD) last posted its earnings results on Wednesday, February 28th. The financial services provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02). Goldman Sachs BDC had a return on equity of 15.05% and a net margin of 43.06%. The company had revenue of $115.40 million during the quarter, compared to analysts’ expectations of $117.09 million. On average, research analysts anticipate that Goldman Sachs BDC will post 2.18 EPS for the current year.

Goldman Sachs BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Thursday, March 28th will be given a $0.45 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $1.80 annualized dividend and a dividend yield of 11.90%. Goldman Sachs BDC’s dividend payout ratio is 100.00%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wells Fargo & Company increased their target price on shares of Goldman Sachs BDC from $14.50 to $15.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. StockNews.com lowered shares of Goldman Sachs BDC from a “buy” rating to a “hold” rating in a report on Saturday, March 9th.

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.