Goldman Sachs BDC Inc (NYSE:GSBD) Short Interest Update

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Goldman Sachs BDC Inc (NYSE:GSBD) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 333,500 shares, an increase of 62.1% from the May 30th total of 205,800 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 129,100 shares, the days-to-cover ratio is currently 2.6 days.

Several equities research analysts have recently issued reports on GSBD shares. Wells Fargo & Co reduced their price target on Nevro from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Monday, May 13th. Citigroup reduced their price target on UnitedHealth Group from $288.00 to $247.00 and set a “neutral” rating for the company in a report on Wednesday, April 17th. National Securities restated a “sell” rating and issued a $4.00 target price on shares of Prospect Capital in a report on Monday, May 13th. Zacks Investment Research upgraded Garrett Motion from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Finally, Raymond James restated a “neutral” rating and issued a $35.00 target price on shares of Stantec in a report on Monday, May 13th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Goldman Sachs BDC presently has an average rating of “Buy” and a consensus price target of $22.00.

GSBD traded up $0.04 on Thursday, hitting $19.88. The company had a trading volume of 98,300 shares, compared to its average volume of 123,730. The stock’s fifty day simple moving average is $19.67. Goldman Sachs BDC has a 1-year low of $17.73 and a 1-year high of $22.75. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market capitalization of $801.63 million, a PE ratio of 9.65, a price-to-earnings-growth ratio of 9.92 and a beta of 0.99.

Goldman Sachs BDC (NYSE:GSBD) last posted its earnings results on Thursday, May 9th. The financial services provider reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.07. Goldman Sachs BDC had a return on equity of 12.08% and a net margin of 25.34%. The firm had revenue of $36.54 million during the quarter, compared to analyst estimates of $36.22 million. During the same period in the previous year, the company earned $0.46 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. Analysts expect that Goldman Sachs BDC will post 1.99 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.45 dividend. The ex-dividend date is Thursday, June 27th. This represents a $1.80 annualized dividend and a yield of 9.05%. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 87.38%.

A number of institutional investors and hedge funds have recently bought and sold shares of GSBD. Azimuth Capital Management LLC lifted its holdings in Goldman Sachs BDC by 86.0% in the 1st quarter. Azimuth Capital Management LLC now owns 142,995 shares of the financial services provider’s stock worth $2,937,000 after purchasing an additional 66,135 shares during the last quarter. Cetera Advisor Networks LLC lifted its holdings in Goldman Sachs BDC by 372.8% in the 4th quarter. Cetera Advisor Networks LLC now owns 60,148 shares of the financial services provider’s stock worth $1,100,000 after purchasing an additional 47,426 shares during the last quarter. Legal & General Group Plc lifted its holdings in Goldman Sachs BDC by 13.7% in the 4th quarter. Legal & General Group Plc now owns 185,581 shares of the financial services provider’s stock worth $3,417,000 after purchasing an additional 22,375 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Goldman Sachs BDC by 94.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 42,175 shares of the financial services provider’s stock worth $866,000 after purchasing an additional 20,488 shares during the last quarter. Finally, Manchester Financial Inc. lifted its holdings in Goldman Sachs BDC by 2.0% in the 1st quarter. Manchester Financial Inc. now owns 651,119 shares of the financial services provider’s stock worth $13,374,000 after purchasing an additional 13,018 shares during the last quarter. Hedge funds and other institutional investors own 34.88% of the company’s stock.

About Goldman Sachs BDC

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.

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