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

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Goldman Sachs BDC

Institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its position in Goldman Sachs BDC by 4,607.0% during the third quarter. Farther Finance Advisors LLC now owns 2,024 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 1,981 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of 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 in the last quarter. WFA Asset Management Corp purchased a new position in shares of Goldman Sachs BDC in the third quarter valued at about $33,000. Rothschild Investment LLC purchased a new position in shares of Goldman Sachs BDC in the second quarter valued at about $113,000. Finally, Zions Bancorporation N.A. purchased a new position in shares of Goldman Sachs BDC in the second quarter valued at about $128,000. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

Goldman Sachs BDC Stock Up 0.6 %

Shares of Goldman Sachs BDC stock traded up $0.08 on Tuesday, reaching $12.78. The company’s stock had a trading volume of 868,922 shares, compared to its average volume of 663,723. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 18.29 and a beta of 1.06. The firm’s fifty day simple moving average is $13.16 and its two-hundred day simple moving average is $14.15. Goldman Sachs BDC has a 52 week low of $12.67 and a 52 week high of $15.94. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly 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 firm had revenue of $110.41 million for the quarter, compared to the consensus estimate 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 period last year, the business posted $0.64 EPS. Equities analysts anticipate that Goldman Sachs BDC will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Dividend Announcement

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