Goldman Sachs BDC, Inc. (NYSE:GSBD) Short Interest Up 25.5% in January

Goldman Sachs BDC, Inc. (NYSE:GSBD) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 2,633,872 shares, an increase of 25.5% from the January 15th total of 2,098,901 shares. Currently, 2.3% of the company’s stock are sold short. Based on an average trading volume of 1,389,792 shares, the short-interest ratio is presently 1.9 days. Based on an average trading volume of 1,389,792 shares, the short-interest ratio is presently 1.9 days. Currently, 2.3% of the company’s stock are sold short.

Goldman Sachs BDC Stock Performance

NYSE:GSBD traded down $0.19 during midday trading on Monday, reaching $9.23. 1,956,414 shares of the company traded hands, compared to its average volume of 1,512,061. Goldman Sachs BDC has a twelve month low of $8.92 and a twelve month high of $13.44. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 7.95 and a beta of 0.62. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.81 and a quick ratio of 1.81. The company has a fifty day moving average price of $9.46 and a 200 day moving average price of $10.13.

Institutional Trading of Goldman Sachs BDC

A number of large investors have recently modified their holdings of GSBD. Aspiriant LLC boosted its stake in Goldman Sachs BDC by 9.5% during the 2nd quarter. Aspiriant LLC now owns 11,500 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 1,000 shares during the period. Atria Wealth Solutions Inc. boosted its position in shares of Goldman Sachs BDC by 4.9% during the second quarter. Atria Wealth Solutions Inc. now owns 22,052 shares of the financial services provider’s stock worth $254,000 after buying an additional 1,022 shares during the period. Oppenheimer & Co. Inc. grew its holdings in Goldman Sachs BDC by 4.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 27,847 shares of the financial services provider’s stock worth $283,000 after buying an additional 1,082 shares in the last quarter. IHT Wealth Management LLC grew its holdings in Goldman Sachs BDC by 5.7% in the 2nd quarter. IHT Wealth Management LLC now owns 21,647 shares of the financial services provider’s stock worth $244,000 after buying an additional 1,173 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in Goldman Sachs BDC by 1.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 100,190 shares of the financial services provider’s stock valued at $1,019,000 after acquiring an additional 1,397 shares during the period. Institutional investors and hedge funds own 28.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on GSBD shares. Wells Fargo & Company decreased their price target on Goldman Sachs BDC from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Monday, November 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Goldman Sachs BDC in a research report on Monday, December 29th. Zacks Research raised Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. Lucid Cap Mkts raised shares of Goldman Sachs BDC to a “hold” rating in a report on Monday, December 15th. Finally, The Goldman Sachs Group assumed coverage on shares of Goldman Sachs BDC in a report on Monday, December 15th. They set a “neutral” rating and a $10.50 target price on the stock. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $9.75.

About Goldman Sachs BDC

Goldman Sachs BDC, Inc (NYSE: GSBD) is an externally managed, closed-end, non-diversified management investment company organized as a business development company (BDC) under the U.S. Investment Company Act of 1940. The company’s primary objective is to generate current income and capital appreciation through debt and equity investments in U.S. middle-market companies. It principally invests in senior secured loans, mezzanine debt, preferred equity and, to a lesser extent, common equity, focusing on sponsor-backed transactions and special-situation financings.

The fund is advised by affiliates of Goldman Sachs Asset Management’s Private Credit Group, leveraging the firm’s global research capabilities and risk management infrastructure.