Goldman Sachs BDC, Inc. (NYSE:GSBD) Short Interest Down 12.8% in May

Goldman Sachs BDC, Inc. (NYSE:GSBD - Get Free Report) was the target of a large decline in short interest in May. As of May 15th, there was short interest totalling 2,050,000 shares, a decline of 12.8% from the April 30th total of 2,350,000 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 849,900 shares, the days-to-cover ratio is currently 2.4 days.

Goldman Sachs BDC Stock Up 1.5%

Shares of NYSE GSBD traded up $0.18 during mid-day trading on Friday, reaching $11.52. 407,098 shares of the company's stock were exchanged, compared to its average volume of 790,066. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 16.45 and a beta of 0.71. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.19. The business has a fifty day simple moving average of $10.82 and a 200 day simple moving average of $11.98. Goldman Sachs BDC has a twelve month low of $9.51 and a twelve month high of $15.81.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.02). The firm had revenue of $96.94 million for the quarter, compared to the consensus estimate of $101.12 million. Goldman Sachs BDC had a return on equity of 15.72% and a net margin of 17.01%. As a group, equities analysts expect that Goldman Sachs BDC will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a dividend yield of 17.09%. Goldman Sachs BDC's payout ratio is presently 284.44%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Stephens Inc. AR grew its holdings in shares of Goldman Sachs BDC by 2.7% during the fourth quarter. Stephens Inc. AR now owns 30,166 shares of the financial services provider's stock worth $365,000 after buying an additional 785 shares in the last quarter. Nicholas Hoffman & Company LLC. grew its stake in Goldman Sachs BDC by 5.1% in the first quarter. Nicholas Hoffman & Company LLC. now owns 19,291 shares of the financial services provider's stock valued at $224,000 after purchasing an additional 938 shares in the last quarter. Founders Financial Alliance LLC grew its stake in Goldman Sachs BDC by 3.0% in the fourth quarter. Founders Financial Alliance LLC now owns 37,495 shares of the financial services provider's stock valued at $454,000 after purchasing an additional 1,104 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Goldman Sachs BDC by 6.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 19,835 shares of the financial services provider's stock valued at $231,000 after purchasing an additional 1,147 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in Goldman Sachs BDC by 10.9% in the fourth quarter. Captrust Financial Advisors now owns 11,861 shares of the financial services provider's stock valued at $144,000 after purchasing an additional 1,165 shares in the last quarter. 28.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on GSBD shares. Wells Fargo & Company decreased their price target on Goldman Sachs BDC from $12.00 to $10.00 and set an "underweight" rating on the stock in a research note on Monday, April 28th. Wall Street Zen upgraded Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research report on Sunday, March 23rd.

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.