Goldman Sachs BDC, Inc. (NYSE:GSBD) Sees Large Growth in Short Interest

Goldman Sachs BDC, Inc. (NYSE:GSBD) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 1,820,000 shares, an increase of 27.3% from the March 15th total of 1,430,000 shares. Approximately 1.6% of the shares of the stock are sold short. Based on an average daily volume of 930,400 shares, the days-to-cover ratio is presently 2.0 days.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Sunday, March 23rd.

Goldman Sachs BDC Trading Down 2.5 %

GSBD traded down $0.26 during trading on Monday, reaching $10.33. 195,480 shares of the company’s stock were exchanged, compared to its average volume of 796,205. The firm has a fifty day moving average price of $11.90 and a two-hundred day moving average price of $12.54. The stock has a market capitalization of $1.21 billion, a PE ratio of 14.76 and a beta of 0.87. Goldman Sachs BDC has a one year low of $9.51 and a one year high of $15.94. 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 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, March 31st will be given a dividend of $0.16 per share. This is a positive change from Goldman Sachs BDC’s previous quarterly dividend of $0.05. This represents a $0.64 annualized dividend and a yield of 6.20%. The ex-dividend date of this dividend is Monday, March 31st. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 224.56%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vision Financial Markets LLC bought a new position in shares of Goldman Sachs BDC during the fourth quarter worth about $27,000. Quarry LP acquired a new stake in Goldman Sachs BDC during the 4th quarter valued at approximately $33,000. Tower Research Capital LLC TRC raised its holdings in 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. Nomura Asset Management Co. Ltd. lifted its position 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 worth $47,000 after purchasing an additional 1,728 shares during the period. Finally, Transce3nd LLC bought a new stake in shares of Goldman Sachs BDC in the 4th quarter valued at $105,000. 28.72% 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.