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

Goldman Sachs BDC, Inc. (NYSE:GSBD) was the recipient of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 1,260,000 shares, a decrease of 6.0% from the November 15th total of 1,340,000 shares. Based on an average trading volume of 727,900 shares, the days-to-cover ratio is presently 1.7 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th.

Goldman Sachs BDC Price Performance

GSBD traded up $0.10 on Tuesday, reaching $12.80. The company had a trading volume of 1,015,226 shares, compared to its average volume of 664,478. The company has a market capitalization of $1.50 billion, a P/E ratio of 18.29 and a beta of 1.06. 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 fifty day moving average of $13.16 and a 200-day moving average of $14.15. Goldman Sachs BDC has a one year low of $12.67 and a one year high of $15.94.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings data on Thursday, November 7th. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. Goldman Sachs BDC had a return on equity of 15.72% and a net margin of 17.01%. The business had revenue of $110.41 million during the quarter, compared to analyst estimates of $112.43 million. During the same period last year, the company posted $0.64 EPS. As a group, equities research analysts anticipate that Goldman Sachs BDC will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.06%. Goldman Sachs BDC’s dividend payout ratio is 257.14%.

Institutional Investors Weigh In On Goldman Sachs BDC

Institutional investors have recently bought and sold shares of the business. Strategic Wealth Partners Ltd. raised its holdings in shares of Goldman Sachs BDC by 6.3% during the third quarter. Strategic Wealth Partners Ltd. now owns 16,985 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 1,000 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in Goldman Sachs BDC by 11.1% in the second quarter. B. Riley Wealth Advisors Inc. now owns 11,500 shares of the financial services provider’s stock worth $178,000 after buying an additional 1,146 shares during the last quarter. SeaCrest Wealth Management LLC raised its position in Goldman Sachs BDC by 4.6% during the second quarter. SeaCrest Wealth Management LLC now owns 27,216 shares of the financial services provider’s stock valued at $409,000 after acquiring an additional 1,200 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Goldman Sachs BDC by 149.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 1,275 shares during the last quarter. Finally, Centaurus Financial Inc. grew its position in Goldman Sachs BDC by 15.9% in the second quarter. Centaurus Financial Inc. now owns 9,584 shares of the financial services provider’s stock worth $144,000 after acquiring an additional 1,316 shares in the last quarter. 28.72% of the stock is currently 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.