Goldman Sachs BDC, Inc. (NYSE:GSBD) Short Interest Up 26.1% in December

Goldman Sachs BDC, Inc. (NYSE:GSBD) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 2,133,906 shares, a growth of 26.1% from the December 15th total of 1,692,488 shares. Based on an average daily volume of 1,741,567 shares, the short-interest ratio is currently 1.2 days. Currently, 1.9% of the shares of the company are sold short. Currently, 1.9% of the shares of the company are sold short. Based on an average daily volume of 1,741,567 shares, the short-interest ratio is currently 1.2 days.

Analysts Set New Price Targets

Several analysts have issued reports on GSBD shares. Zacks Research raised Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. The Goldman Sachs Group initiated coverage on Goldman Sachs BDC in a report on Monday, December 15th. They set a “neutral” rating and a $10.50 target price on the stock. Wells Fargo & Company cut their price target on Goldman Sachs BDC from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Monday, November 10th. Lucid Cap Mkts raised shares of Goldman Sachs BDC to a “hold” rating in a research report on Monday, December 15th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Goldman Sachs BDC in a report on Monday, December 29th. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Goldman Sachs BDC currently has an average rating of “Reduce” and an average price target of $9.75.

Goldman Sachs BDC Stock Performance

Shares of Goldman Sachs BDC stock traded down $0.13 on Monday, hitting $9.31. The stock had a trading volume of 965,032 shares, compared to its average volume of 1,359,156. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 8.02 and a beta of 0.63. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.27. Goldman Sachs BDC has a twelve month low of $8.92 and a twelve month high of $13.44. The business’s 50 day moving average is $9.62 and its two-hundred day moving average is $10.45.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings results on Thursday, November 6th. The financial services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.03. Goldman Sachs BDC had a return on equity of 12.78% and a net margin of 34.72%.The business had revenue of $91.60 million during the quarter, compared to analysts’ expectations of $88.16 million. Analysts forecast that Goldman Sachs BDC will post 2.19 EPS for the current year.

Goldman Sachs BDC Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 27th. Stockholders of record on Wednesday, December 31st will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This is a boost from Goldman Sachs BDC’s previous quarterly dividend of $0.04. This represents a $1.28 dividend on an annualized basis and a dividend yield of 13.8%. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 110.34%.

Hedge Funds Weigh In On Goldman Sachs BDC

A number of hedge funds have recently bought and sold shares of the business. MTM Investment Management LLC bought a new stake in Goldman Sachs BDC in the 2nd quarter valued at about $25,000. ORG Partners LLC acquired a new stake in shares of Goldman Sachs BDC in the fourth quarter valued at approximately $33,000. Farther Finance Advisors LLC acquired a new stake in shares of Goldman Sachs BDC in the second quarter valued at approximately $34,000. CWM LLC boosted its stake in shares of Goldman Sachs BDC by 187.8% in 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. Finally, State of Alaska Department of Revenue acquired a new stake in Goldman Sachs BDC during the third quarter worth approximately $51,000. 28.72% of the stock is owned by institutional investors.

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.