Goldman Sachs BDC, Inc. (NYSE:GSBD - Get Free Report) was the target of a significant 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 volume of 727,900 shares, the short-interest ratio is presently 1.7 days.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Marshall Wace LLP purchased a new stake in Goldman Sachs BDC during the 2nd quarter valued at about $18,533,000. Van ECK Associates Corp lifted its position in Goldman Sachs BDC by 20.3% in the 2nd 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 in the last quarter. International Assets Investment Management LLC boosted its stake in Goldman Sachs BDC by 2,121.3% during 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 during the last quarter. TrueMark Investments LLC bought a new stake in shares of Goldman Sachs BDC in the 2nd quarter worth $1,438,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Goldman Sachs BDC in the third quarter worth $1,101,000. Hedge funds and other institutional investors own 28.72% of the company's stock.
Goldman Sachs BDC Stock Up 0.7 %
Shares of GSBD traded up $0.09 during trading hours on Tuesday, hitting $12.79. The stock had a trading volume of 1,256,286 shares, compared to its average volume of 665,541. The firm has a market capitalization of $1.50 billion, a P/E ratio of 18.27 and a beta of 1.06. The firm has a 50 day simple moving average of $13.16 and a 200-day simple moving average of $14.15. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.26 and a quick ratio of 1.26. Goldman Sachs BDC has a 1-year low of $12.67 and a 1-year high of $15.94.
Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last announced its earnings results on Thursday, November 7th. The financial services provider reported $0.58 earnings per share (EPS) 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 firm had revenue of $110.41 million during the quarter, compared to analyst estimates of $112.43 million. During the same period last year, the firm posted $0.64 EPS. Sell-side analysts predict that Goldman Sachs BDC will post 2.19 EPS for the current fiscal year.
Goldman Sachs BDC Announces Dividend
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 given a dividend of $0.45 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 annualized dividend and a dividend yield of 14.07%. Goldman Sachs BDC's dividend payout ratio (DPR) is presently 257.14%.
Analyst Ratings Changes
Separately, StockNews.com raised shares of Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research report on Tuesday, October 8th.
Read Our Latest Analysis on GSBD
Goldman Sachs BDC Company Profile
(
Get Free Report)
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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