Goldman Sachs BDC, Inc. (NYSE:GSBD) Short Interest Up 27.3% in March

Goldman Sachs BDC, Inc. (NYSE:GSBD - Get Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,820,000 shares, a growth of 27.3% from the March 15th total of 1,430,000 shares. Based on an average trading volume of 930,400 shares, the short-interest ratio is currently 2.0 days. Currently, 1.6% of the shares of the company are sold short.

Institutional Trading of Goldman Sachs BDC

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vision Financial Markets LLC purchased a new stake in shares of Goldman Sachs BDC during the 4th quarter worth about $27,000. Quarry LP bought a new stake in Goldman Sachs BDC in the fourth quarter worth approximately $33,000. Tower Research Capital LLC TRC increased its stake in shares of Goldman Sachs BDC by 211.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,074 shares of the financial services provider's stock worth $37,000 after purchasing an additional 2,086 shares during the last quarter. Creative Financial Designs Inc. ADV bought a new position in shares of Goldman Sachs BDC during the 1st quarter valued at $46,000. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of Goldman Sachs BDC by 81.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,858 shares of the financial services provider's stock valued at $47,000 after purchasing an additional 1,728 shares during the last quarter. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Goldman Sachs BDC from a "sell" rating to a "hold" rating in a report on Sunday, March 23rd.

Goldman Sachs BDC Price Performance

Goldman Sachs BDC stock traded up $0.17 during midday trading on Friday, hitting $10.93. The company's stock had a trading volume of 401,423 shares, compared to its average volume of 795,287. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $1.28 billion, a PE ratio of 15.61 and a beta of 0.87. Goldman Sachs BDC has a 12 month low of $9.51 and a 12 month high of $15.94. The stock's 50-day moving average price is $11.72 and its 200-day moving average price is $12.47.

Goldman Sachs BDC Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 5.86%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Goldman Sachs BDC's previous quarterly dividend of $0.05. Goldman Sachs BDC's payout ratio is 224.56%.

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.