Goldman Sachs BDC Inc (NYSE:GSBD) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 322,900 shares, a growth of 10.4% from the June 30th total of 292,400 shares. Based on an average daily trading volume, of 134,800 shares, the days-to-cover ratio is currently 2.4 days. Currently, 0.8% of the shares of the company are sold short.
Shares of Goldman Sachs BDC stock traded down $0.35 during midday trading on Wednesday, hitting $19.46. 139,500 shares of the company were exchanged, compared to its average volume of 121,353. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $787.80 million, a price-to-earnings ratio of 9.45, a P/E/G ratio of 10.03 and a beta of 0.99. Goldman Sachs BDC has a 52 week low of $17.73 and a 52 week high of $22.75. The firm has a 50 day simple moving average of $19.83.
Goldman Sachs BDC (NYSE:GSBD) last posted its earnings results on Thursday, August 1st. The financial services provider reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.01. The business had revenue of $38.40 million during the quarter, compared to the consensus estimate of $37.76 million. Goldman Sachs BDC had a return on equity of 12.07% and a net margin of 24.25%. Goldman Sachs BDC’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company earned $0.50 EPS. As a group, sell-side analysts anticipate that Goldman Sachs BDC will post 1.98 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.80 annualized dividend and a yield of 9.25%. Goldman Sachs BDC’s payout ratio is 87.38%.
A number of research firms have issued reports on GSBD. Raymond James reaffirmed an “outperform” rating and issued a $22.00 target price (down previously from $23.00) on shares of Goldman Sachs BDC in a report on Monday, May 13th. Citigroup lowered their target price on Goldman Sachs BDC from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, April 17th. Zacks Investment Research downgraded Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. National Securities reiterated a “buy” rating and issued a $22.00 price objective on shares of Goldman Sachs BDC in a research report on Monday, May 13th. Finally, Wells Fargo & Co reiterated a “market perform” rating and issued a $20.00 price objective (down previously from $20.50) on shares of Goldman Sachs BDC in a research report on Monday, May 13th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Goldman Sachs BDC presently has a consensus rating of “Buy” and an average target price of $21.40.
A number of institutional investors and hedge funds have recently modified their holdings of the business. IHT Wealth Management LLC raised its position in Goldman Sachs BDC by 3.2% in the 2nd quarter. IHT Wealth Management LLC now owns 23,643 shares of the financial services provider’s stock valued at $465,000 after purchasing an additional 723 shares during the last quarter. Private Advisor Group LLC raised its position in Goldman Sachs BDC by 1.0% in the 1st quarter. Private Advisor Group LLC now owns 107,314 shares of the financial services provider’s stock valued at $2,204,000 after purchasing an additional 1,043 shares during the last quarter. Cetera Advisor Networks LLC raised its position in Goldman Sachs BDC by 2.7% in the 1st quarter. Cetera Advisor Networks LLC now owns 61,801 shares of the financial services provider’s stock valued at $1,272,000 after purchasing an additional 1,653 shares during the last quarter. MML Investors Services LLC raised its position in Goldman Sachs BDC by 9.8% in the 2nd quarter. MML Investors Services LLC now owns 21,070 shares of the financial services provider’s stock valued at $414,000 after purchasing an additional 1,880 shares during the last quarter. Finally, Monument Capital Management raised its position in Goldman Sachs BDC by 3.7% in the 2nd quarter. Monument Capital Management now owns 59,231 shares of the financial services provider’s stock valued at $1,164,000 after purchasing an additional 2,088 shares during the last quarter. Hedge funds and other institutional investors own 34.62% of the company’s stock.
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.
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