Goldman Sachs BDC Inc (NYSE:GSBD) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 373,100 shares, a growth of 15.5% from the July 31st total of 322,900 shares. Based on an average daily volume of 127,200 shares, the days-to-cover ratio is presently 2.9 days. Currently, 0.9% of the shares of the company are short sold.
Goldman Sachs BDC stock opened at $20.29 on Friday. The firm has a 50 day moving average of $19.88 and a 200 day moving average of $20.14. The firm has a market capitalization of $818.05 million, a price-to-earnings ratio of 9.85, a P/E/G ratio of 10.19 and a beta of 0.98. Goldman Sachs BDC has a 12-month low of $17.73 and a 12-month high of $22.75. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.22.
Goldman Sachs BDC (NYSE:GSBD) last released its earnings results on Thursday, August 1st. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.01. The company had revenue of $38.40 million during the quarter, compared to analyst estimates of $37.76 million. Goldman Sachs BDC had a net margin of 24.25% and a return on equity of 12.07%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 EPS. On average, analysts predict that Goldman Sachs BDC will post 1.99 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 8.87%. The ex-dividend date is Friday, September 27th. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 87.38%.
Several research firms recently issued reports on GSBD. ValuEngine lowered shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a report on Thursday. Zacks Investment Research lowered shares of Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $21.40.
Institutional investors and hedge funds have recently made changes to their positions in the business. Centaurus Financial Inc. purchased a new stake in Goldman Sachs BDC during the 2nd quarter valued at approximately $134,000. Commonwealth Equity Services LLC purchased a new stake in Goldman Sachs BDC during the 2nd quarter valued at approximately $252,000. MML Investors Services LLC grew its holdings in Goldman Sachs BDC by 9.8% during the 2nd quarter. MML Investors Services LLC now owns 21,070 shares of the financial services provider’s stock valued at $414,000 after buying an additional 1,880 shares in the last quarter. IHT Wealth Management LLC grew its holdings in Goldman Sachs BDC by 3.2% during the 2nd quarter. IHT Wealth Management LLC now owns 23,643 shares of the financial services provider’s stock valued at $465,000 after buying an additional 723 shares in the last quarter. Finally, First Republic Investment Management Inc. grew its holdings in Goldman Sachs BDC by 10.0% during the 1st quarter. First Republic Investment Management Inc. now owns 24,782 shares of the financial services provider’s stock valued at $509,000 after buying an additional 2,246 shares in the last quarter. 35.14% of the stock is owned by institutional investors and hedge funds.
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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