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 in 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 volume of 600,800 shares, the short-interest ratio is presently 2.4 days.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Goldman Sachs BDC from $14.50 to $15.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. StockNews.com cut shares of Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research report on Saturday, March 9th.

Institutional Investors Weigh In On Goldman Sachs BDC

Institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. bought a new stake in shares of Goldman Sachs BDC in the 3rd quarter valued at about $4,285,000. Raymond James Financial Services Advisors Inc. grew its stake in Goldman Sachs BDC by 6.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,107,581 shares of the financial services provider’s stock valued at $16,226,000 after buying an additional 67,482 shares during the last quarter. Callodine Capital Management LP grew its stake in Goldman Sachs BDC by 50.0% in the 3rd quarter. Callodine Capital Management LP now owns 450,000 shares of the financial services provider’s stock valued at $6,552,000 after buying an additional 150,000 shares during the last quarter. SeaCrest Wealth Management LLC grew its stake in Goldman Sachs BDC by 38.9% in the 4th quarter. SeaCrest Wealth Management LLC now owns 25,249 shares of the financial services provider’s stock valued at $374,000 after buying an additional 7,074 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new position in Goldman Sachs BDC in the 3rd quarter valued at about $111,000. 28.72% of the stock is owned by institutional investors.

Goldman Sachs BDC Trading Up 1.1 %

Shares of NYSE:GSBD opened at $15.13 on Thursday. The company’s 50-day moving average price is $15.16 and its two-hundred day moving average price is $14.83. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.13 and a quick ratio of 1.13. Goldman Sachs BDC has a one year low of $12.75 and a one year high of $15.65. The stock has a market capitalization of $1.70 billion, a PE ratio of 8.41 and a beta of 1.13.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly 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). The business had revenue of $115.40 million for the quarter, compared to the consensus estimate of $117.09 million. Goldman Sachs BDC had a return on equity of 15.05% and a net margin of 43.06%. On average, equities analysts forecast that Goldman Sachs BDC will post 2.18 EPS for the current fiscal year.

Goldman Sachs BDC Announces Dividend

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

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.