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

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

Institutional Investors Weigh In On Goldman Sachs BDC

Hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC increased its stake in Goldman Sachs BDC by 4,607.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,024 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 1,981 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in shares of Goldman Sachs BDC by 149.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 1,275 shares in the last quarter. WFA Asset Management Corp bought a new position in shares of Goldman Sachs BDC in the third quarter worth $33,000. Rothschild Investment LLC acquired a new position in Goldman Sachs BDC in the second quarter valued at about $113,000. Finally, Zions Bancorporation N.A. bought a new stake in Goldman Sachs BDC during the second quarter worth about $128,000. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Goldman Sachs BDC Price Performance

Shares of NYSE GSBD opened at $12.77 on Tuesday. The firm has a market cap of $1.50 billion, a P/E ratio of 18.24 and a beta of 1.07. The business’s 50 day moving average is $13.61 and its 200-day moving average is $14.50. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.19. Goldman Sachs BDC has a 1-year low of $12.67 and a 1-year high of $15.94.

Goldman Sachs BDC (NYSE:GSBD) last posted 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. 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 last year, the business earned $0.64 EPS. Equities research analysts predict that Goldman Sachs BDC will post 2.18 earnings per share for the current year.

Goldman Sachs BDC Announces Dividend

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 given 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 14.10%. Goldman Sachs BDC’s payout ratio is presently 257.15%.

Wall Street Analysts Forecast Growth

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