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

Goldman Sachs BDC, Inc. (NYSE:GSBD) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 1,510,000 shares, a decline of 5.6% from the October 15th total of 1,600,000 shares. Based on an average daily trading volume, of 633,100 shares, the days-to-cover ratio is presently 2.4 days.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

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

Goldman Sachs BDC Stock Up 0.1 %

Shares of GSBD opened at $12.77 on Monday. The stock has a 50 day moving average price of $13.64 and a 200 day moving average price of $14.52. Goldman Sachs BDC has a one year low of $12.67 and a one year high of $15.94. 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 stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 18.24 and a beta of 1.07.

Goldman Sachs BDC (NYSE:GSBD) last released its earnings results on Thursday, November 7th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The business had revenue of $110.41 million during the quarter, compared to analyst estimates of $112.43 million. Goldman Sachs BDC had a net margin of 17.01% and a return on equity of 15.72%. During the same quarter in the prior year, the firm earned $0.64 earnings per share. Equities research analysts forecast that Goldman Sachs BDC will post 2.18 earnings per share for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Tuesday, December 31st will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 14.10%. The ex-dividend date of this dividend is Tuesday, December 31st. Goldman Sachs BDC’s dividend payout ratio (DPR) is 257.15%.

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.