Goldman Sachs BDC, Inc. (NYSE:GSBD) Short Interest Update

Goldman Sachs BDC, Inc. (NYSE:GSBD) saw a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 1,340,000 shares, a decline of 11.3% from the October 31st total of 1,510,000 shares. Based on an average daily trading volume, of 661,700 shares, the short-interest ratio is currently 2.0 days.

Institutional Investors Weigh In On Goldman Sachs BDC

Several institutional investors and hedge funds have recently added to or reduced their stakes in GSBD. Van ECK Associates Corp raised its position in Goldman Sachs BDC by 10.4% during the third quarter. Van ECK Associates Corp now owns 2,706,897 shares of the financial services provider’s stock worth $36,408,000 after acquiring an additional 255,458 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Goldman Sachs BDC during the 2nd quarter worth approximately $18,533,000. Shikiar Asset Management Inc. boosted its position in Goldman Sachs BDC by 16.1% during the second quarter. Shikiar Asset Management Inc. now owns 554,290 shares of the financial services provider’s stock worth $8,331,000 after purchasing an additional 76,715 shares during the period. Envestnet Asset Management Inc. grew its stake in Goldman Sachs BDC by 17.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 523,071 shares of the financial services provider’s stock valued at $7,862,000 after buying an additional 79,315 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in Goldman Sachs BDC by 8.9% in the 2nd quarter. Cetera Investment Advisers now owns 422,010 shares of the financial services provider’s stock valued at $6,343,000 after acquiring an additional 34,631 shares during the period. 28.72% of the stock is owned by institutional investors.

Goldman Sachs BDC Stock Up 0.1 %

Shares of Goldman Sachs BDC stock traded up $0.01 during trading on Friday, reaching $13.07. The stock had a trading volume of 298,441 shares, compared to its average volume of 881,734. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 18.67 and a beta of 1.07. The stock has a fifty day moving average price of $13.39 and a two-hundred day moving average price of $14.34. Goldman Sachs BDC has a 52 week low of $12.67 and a 52 week high of $15.94.

Goldman Sachs BDC (NYSE:GSBD) last released its earnings results on Thursday, November 7th. The financial services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. The firm had revenue of $110.41 million for the quarter, compared to analysts’ expectations of $112.43 million. Goldman Sachs BDC had a return on equity of 15.72% and a net margin of 17.01%. During the same quarter in the previous year, the business posted $0.64 EPS. Sell-side analysts predict that Goldman Sachs BDC will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Tuesday, December 31st will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 13.77%. The ex-dividend date is Tuesday, December 31st. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 257.14%.

Analysts Set New Price Targets

Several brokerages have issued reports on GSBD. Truist Financial lowered their price target on Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating for the company in a report on Monday, August 12th. Wells Fargo & Company upgraded shares of Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and dropped their target price for the stock from $14.00 to $12.00 in a report on Monday, August 12th. Finally, StockNews.com raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th.

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.