Short Interest in Goldman Sachs BDC, Inc. (NYSE:GSBD) Declines By 6.0%

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 daily volume of 727,900 shares, the days-to-cover ratio is currently 1.7 days.

Analyst Upgrades and Downgrades

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

Goldman Sachs BDC Trading Up 0.6 %

GSBD stock traded up $0.08 during trading on Tuesday, hitting $12.78. 868,922 shares of the company traded hands, compared to its average volume of 663,723. The firm has a market capitalization of $1.50 billion, a PE ratio of 18.29 and a beta of 1.06. Goldman Sachs BDC has a 1 year low of $12.67 and a 1 year high of $15.94. The company has a 50-day moving average of $13.16 and a 200-day moving average of $14.15. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26.

Goldman Sachs BDC (NYSE:GSBD) last issued its earnings results on Thursday, November 7th. The financial services provider reported $0.58 earnings per share for the quarter, beating 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 company had revenue of $110.41 million during the quarter, compared to analysts’ expectations of $112.43 million. During the same period in the prior year, the business posted $0.64 EPS. Analysts predict that Goldman Sachs BDC will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Tuesday, December 31st will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 14.08%. The ex-dividend date of this dividend is Tuesday, December 31st. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 257.14%.

Institutional Investors Weigh In On Goldman Sachs BDC

Several institutional investors and hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp raised its position in shares of Goldman Sachs BDC by 10.4% in the 3rd 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 Goldman Sachs BDC during the 2nd quarter valued at approximately $18,533,000. J.W. Cole Advisors Inc. bought a new position in Goldman Sachs BDC during the 3rd quarter valued at approximately $526,000. Naviter Wealth LLC increased its position in Goldman Sachs BDC by 55.3% during the 2nd quarter. Naviter Wealth LLC now owns 131,241 shares of the financial services provider’s stock valued at $2,032,000 after buying an additional 46,760 shares in the last quarter. Finally, HB Wealth Management LLC increased its position in Goldman Sachs BDC by 18.1% during the 2nd quarter. HB Wealth Management LLC now owns 302,998 shares of the financial services provider’s stock valued at $4,554,000 after buying an additional 46,369 shares in the last quarter. Hedge funds and other institutional investors own 28.72% of the company’s stock.

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.