Goldman Sachs BDC, Inc. (NYSE:GSBD - Get Free Report) was the target of a significant drop in short interest in 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 trading volume of 633,100 shares, the short-interest ratio is presently 2.4 days.
Goldman Sachs BDC Stock Performance
NYSE:GSBD remained flat at $12.77 during mid-day trading on Monday. 957,361 shares of the company were exchanged, compared to its average volume of 636,650. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 18.24 and a beta of 1.07. Goldman Sachs BDC has a 1 year low of $12.67 and a 1 year high of $15.94. The firm's fifty day moving average price is $13.61 and its 200 day moving average price is $14.50.
Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The financial services provider reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.02. The firm had revenue of $110.41 million during the quarter, compared to the consensus estimate 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 last year, the firm earned $0.64 earnings per share. As a group, sell-side analysts expect that Goldman Sachs BDC will post 2.18 earnings per share for the current year.
Goldman Sachs BDC Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders 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 257.15%.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on GSBD. Wells Fargo & Company upgraded Goldman Sachs BDC from an "underweight" rating to an "equal weight" rating and reduced their price objective for the company from $14.00 to $12.00 in a research note on Monday, August 12th. Truist Financial dropped their price objective on Goldman Sachs BDC from $16.00 to $14.00 and set a "hold" rating on the stock in a report on Monday, August 12th. Finally, StockNews.com raised Goldman Sachs BDC from a "sell" rating to a "hold" rating in a report on Tuesday, October 8th.
View Our Latest Stock Analysis on Goldman Sachs BDC
Institutional Investors Weigh In On Goldman Sachs BDC
Hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its position in shares of 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 valued at $28,000 after acquiring an additional 1,981 shares during the period. Nomura Asset Management Co. Ltd. raised its position 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 during the last quarter. WFA Asset Management Corp acquired a new position in shares of Goldman Sachs BDC during the 3rd quarter worth approximately $33,000. Rothschild Investment LLC acquired a new position in shares of Goldman Sachs BDC during the 2nd quarter worth approximately $113,000. Finally, Zions Bancorporation N.A. acquired a new position in shares of Goldman Sachs BDC during the 2nd quarter worth approximately $128,000. 28.72% of the stock is currently owned by institutional investors and hedge funds.
Goldman Sachs BDC Company Profile
(
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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.
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