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

Goldman Sachs BDC, Inc. (NYSE:GSBD) was the recipient of a significant decrease in short interest in 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.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GSBD. Marshall Wace LLP acquired a new stake in Goldman Sachs BDC during the second quarter valued at approximately $18,533,000. Van ECK Associates Corp lifted its holdings in shares of Goldman Sachs BDC by 20.3% during the second quarter. Van ECK Associates Corp now owns 2,451,439 shares of the financial services provider’s stock valued at $36,845,000 after acquiring an additional 413,745 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Goldman Sachs BDC by 2,121.3% in the 3rd quarter. International Assets Investment Management LLC now owns 329,200 shares of the financial services provider’s stock valued at $45,300,000 after purchasing an additional 314,380 shares in the last quarter. TrueMark Investments LLC bought a new stake in shares of Goldman Sachs BDC in the 2nd quarter worth about $1,438,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Goldman Sachs BDC during the 3rd quarter worth about $1,101,000. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Goldman Sachs BDC Stock Performance

GSBD traded up $0.10 during midday trading on Tuesday, reaching $12.80. The company’s stock had a trading volume of 1,015,226 shares, compared to its average volume of 664,478. Goldman Sachs BDC has a twelve month low of $12.67 and a twelve month high of $15.94. The stock has a market cap of $1.50 billion, a P/E ratio of 18.29 and a beta of 1.06. The company has a fifty day simple moving average of $13.16 and a 200 day simple moving average of $14.15. 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 (NYSE:GSBD) last announced 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. Goldman Sachs BDC had a net margin of 17.01% and a return on equity of 15.72%. The business had revenue of $110.41 million for the quarter, compared to analyst estimates of $112.43 million. During the same quarter in the previous year, the firm posted $0.64 earnings per share. Research analysts expect that Goldman Sachs BDC will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Dividend Announcement

The company also recently disclosed 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. This represents a $1.80 annualized dividend and a dividend yield of 14.06%. The ex-dividend date is Tuesday, December 31st. Goldman Sachs BDC’s payout ratio is presently 257.14%.

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.