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

Goldman Sachs BDC, Inc. (NYSE:GSBD - Get Free Report) was the recipient of a significant 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 short-interest ratio is currently 2.4 days.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. 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 raised shares of Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research report on Sunday, March 23rd.

Goldman Sachs BDC Trading Up 1.3%

NYSE:GSBD traded up $0.15 on Friday, hitting $11.49. 266,722 shares of the stock were exchanged, compared to its average volume of 786,838. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.19. Goldman Sachs BDC has a fifty-two week low of $9.51 and a fifty-two week high of $15.81. The stock has a market cap of $1.35 billion, a PE ratio of 16.41 and a beta of 0.71. The stock has a fifty day moving average of $10.83 and a 200-day moving average of $12.00.

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

Goldman Sachs BDC Announces Dividend

The company also recently declared 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. This represents a yield of 17.09%. The ex-dividend date of this dividend is Friday, May 30th. Goldman Sachs BDC's payout ratio is 284.44%.

Institutional Trading of Goldman Sachs BDC

A number of hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in shares of Goldman Sachs BDC in the fourth quarter worth $225,000. Chicago Partners Investment Group LLC acquired a new stake in Goldman Sachs BDC in the fourth quarter worth $128,000. MAS Advisors LLC lifted its position in Goldman Sachs BDC by 13.2% in the 4th quarter. MAS Advisors LLC now owns 17,204 shares of the financial services provider's stock valued at $208,000 after purchasing an additional 2,005 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of Goldman Sachs BDC by 17.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 263,931 shares of the financial services provider's stock valued at $3,194,000 after buying an additional 39,993 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Goldman Sachs BDC by 1.1% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 387,898 shares of the financial services provider's stock valued at $4,694,000 after acquiring an additional 4,313 shares in the last quarter. 28.72% of the stock is owned by hedge funds and other institutional investors.

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.