Goldman Sachs BDC Inc (NYSE:GSBD) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 333,500 shares, a growth of 62.1% from the May 30th total of 205,800 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 129,100 shares, the days-to-cover ratio is presently 2.6 days.
A number of institutional investors have recently modified their holdings of GSBD. Azimuth Capital Management LLC raised its position in Goldman Sachs BDC by 86.0% in the first quarter. Azimuth Capital Management LLC now owns 142,995 shares of the financial services provider’s stock worth $2,937,000 after acquiring an additional 66,135 shares in the last quarter. Cetera Advisor Networks LLC increased its stake in Goldman Sachs BDC by 372.8% in the 4th quarter. Cetera Advisor Networks LLC now owns 60,148 shares of the financial services provider’s stock worth $1,100,000 after purchasing an additional 47,426 shares in the last quarter. Legal & General Group Plc increased its stake in Goldman Sachs BDC by 13.7% in the 4th quarter. Legal & General Group Plc now owns 185,581 shares of the financial services provider’s stock worth $3,417,000 after purchasing an additional 22,375 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Goldman Sachs BDC by 94.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 42,175 shares of the financial services provider’s stock worth $866,000 after purchasing an additional 20,488 shares in the last quarter. Finally, Manchester Financial Inc. increased its stake in Goldman Sachs BDC by 2.0% in the 1st quarter. Manchester Financial Inc. now owns 651,119 shares of the financial services provider’s stock worth $13,374,000 after purchasing an additional 13,018 shares in the last quarter. Hedge funds and other institutional investors own 34.88% of the company’s stock.
A number of equities research analysts recently weighed in on GSBD shares. Wells Fargo & Co cut their price objective on shares of Nevro from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Monday, May 13th. National Securities restated a “sell” rating and set a $4.00 price objective on shares of Prospect Capital in a research note on Monday, May 13th. Citigroup cut their price objective on shares of UnitedHealth Group from $288.00 to $247.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 17th. Raymond James restated a “neutral” rating and set a $35.00 price objective on shares of Stantec in a research note on Monday, May 13th. Finally, Zacks Investment Research upgraded shares of Garrett Motion from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $22.00.
Goldman Sachs BDC stock traded up $0.04 during midday trading on Thursday, hitting $19.88. The company’s stock had a trading volume of 98,300 shares, compared to its average volume of 123,730. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.78 and a quick ratio of 0.78. The business’s 50-day simple moving average is $19.67. Goldman Sachs BDC has a 12 month low of $17.73 and a 12 month high of $22.75. The firm has a market capitalization of $801.63 million, a P/E ratio of 9.65, a PEG ratio of 9.92 and a beta of 0.99.
Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings results on Thursday, May 9th. The financial services provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.48 by $0.07. Goldman Sachs BDC had a net margin of 25.34% and a return on equity of 12.08%. The firm had revenue of $36.54 million for the quarter, compared to analysts’ expectations of $36.22 million. During the same period in the previous year, the business earned $0.46 earnings per share. Goldman Sachs BDC’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, equities analysts predict that Goldman Sachs BDC will post 1.99 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 9.05%. The ex-dividend date of this dividend is Thursday, June 27th. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 87.38%.
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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