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

Goldman Sachs BDC, Inc. (NYSE:GSBD - Get Free Report) experienced a notable reduction in short interest in November. By November 30th, the short interest stood at 1,260,000 shares, reflecting a decline of 6.0% from the previous total of 1,340,000 shares reported on November 15th. Given the average trading volume of 727,900 shares, this results in a short-interest coverage ratio of approximately 1.7 days.

Goldman Sachs BDC Stock Performance

On a positive note, shares of GSBD increased by 0.6% during trading on Tuesday, reaching $12.78. A total of 868,922 shares changed hands, surpassing the typical trading volume of 663,723 shares. The company boasts a market cap of $1.50 billion, with a price-to-earnings (PE) ratio of 18.29 and a beta value of 1.06. Over the past year, GSBD has seen a low of $12.67 and a high of $15.94. The stock's 50-day moving average is $13.16, while the 200-day moving average is $14.15. In terms of financial health, the company has a debt-to-equity ratio of 1.19 and both a quick and current ratio of 1.26.

Recent Earnings and Forecasts

Goldman Sachs BDC reported its latest earnings on November 7th. For the quarter, it posted earnings of $0.58 per share, exceeding analysts' predictions of $0.56 by $0.02. The company's return on equity was 15.72%, with a net margin of 17.01%. Revenue was recorded at $110.41 million, slightly below the expectations of $112.43 million. In the same quarter of the prior year, Goldman Sachs BDC had an EPS of $0.64. Analysts anticipate the company will report an EPS of 2.19 for the current fiscal year.

Dividend Announcement

Goldman Sachs BDC has announced a quarterly dividend of $0.45, which is set to be paid on January 27th to shareholders recorded on December 31st. This dividend indicates an annualized yield of 14.08%. The ex-dividend date is also December 31st. Currently, the company's dividend payout ratio stands at 257.14%.

Institutional Investment Trends

In recent months, various institutional investors and hedge funds have altered their stakes in Goldman Sachs BDC. For instance, Van ECK Associates Corp increased its holdings by 10.4% in the third quarter, owning 2,706,897 shares valued at around $36.4 million after purchasing an additional 255,458 shares. Marshall Wace LLP initiated a new position during the second quarter valued at approximately $18.53 million. Other firms, including J.W. Cole Advisors Inc., Naviter Wealth LLC, and HB Wealth Management LLC, have also adjusted their positions in the company. Collectively, institutional investors own about 28.72% of Goldman Sachs BDC's stock.

About Goldman Sachs BDC, Inc.

Goldman Sachs BDC, Inc. is a business development company that focuses on middle-market and mezzanine investments in private firms. It aims for capital appreciation through direct originations of secured debt, including senior secured debt and various other invests in equities.

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