Goldman Sachs BDC, Inc. (NYSE:GSBD) Sees Significant Increase in Short Interest

Goldman Sachs BDC, Inc. (NYSE:GSBD - Get Free Report) was the recipient 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 company are sold short. Based on an average daily trading volume, of 930,400 shares, the short-interest ratio is currently 2.0 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GSBD. Vision Financial Markets LLC purchased a new stake in Goldman Sachs BDC during the 4th quarter valued at approximately $27,000. Quarry LP purchased a new position in Goldman Sachs BDC during the fourth quarter valued at $33,000. Tower Research Capital LLC TRC increased its holdings in Goldman Sachs BDC by 211.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,074 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 2,086 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in 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 in the last quarter. Finally, Transce3nd LLC bought a new position in shares of Goldman Sachs BDC during the 4th quarter valued at about $105,000. 28.72% of the stock is owned by hedge funds and other institutional investors.

Goldman Sachs BDC Trading Up 2.2 %

Shares of Goldman Sachs BDC stock opened at $10.57 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26. The company has a fifty day moving average of $11.90 and a 200 day moving average of $12.55. The company has a market capitalization of $1.24 billion, a P/E ratio of 15.09 and a beta of 0.87. Goldman Sachs BDC has a fifty-two week low of $9.51 and a fifty-two week high of $15.94.

Goldman Sachs BDC Increases Dividend

The firm 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. The ex-dividend date is Monday, March 31st. This represents a $0.64 annualized dividend and a dividend yield of 6.06%. This is a boost from Goldman Sachs BDC's previous quarterly dividend of $0.05. Goldman Sachs BDC's dividend payout ratio (DPR) is currently 224.56%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Goldman Sachs BDC from a "sell" rating to a "hold" rating in a 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.

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