Goldman Sachs BDC (NYSE:GSBD) Rating Lowered to Hold at StockNews.com

Goldman Sachs BDC (NYSE:GSBDGet Free Report) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

Separately, Wells Fargo & Company increased their price target on Goldman Sachs BDC from $14.50 to $15.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th.

Read Our Latest Report on GSBD

Goldman Sachs BDC Stock Performance

Shares of Goldman Sachs BDC stock opened at $15.24 on Monday. The company has a market cap of $1.71 billion, a PE ratio of 7.93 and a beta of 1.11. Goldman Sachs BDC has a 52 week low of $12.96 and a 52 week high of $15.94. The business has a 50 day moving average price of $15.28 and a 200-day moving average price of $15.11. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.12.

Goldman Sachs BDC (NYSE:GSBDGet Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The financial services provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The business had revenue of $115.40 million for the quarter, compared to analysts’ expectations of $117.09 million. Goldman Sachs BDC had a net margin of 45.80% and a return on equity of 15.68%. Equities analysts anticipate that Goldman Sachs BDC will post 2.17 earnings per share for the current fiscal year.

Institutional Trading of Goldman Sachs BDC

Large investors have recently bought and sold shares of the company. Sage Rhino Capital LLC increased its position in Goldman Sachs BDC by 92.9% in the fourth quarter. Sage Rhino Capital LLC now owns 168,570 shares of the financial services provider’s stock worth $2,470,000 after buying an additional 81,172 shares during the last quarter. Investment Partners Asset Management Inc. purchased a new stake in Goldman Sachs BDC in the fourth quarter worth $1,211,000. Envestnet Asset Management Inc. purchased a new stake in Goldman Sachs BDC in the third quarter worth $4,285,000. Raymond James Financial Services Advisors Inc. increased its position in Goldman Sachs BDC by 6.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,107,581 shares of the financial services provider’s stock worth $16,226,000 after buying an additional 67,482 shares during the last quarter. Finally, Callodine Capital Management LP increased its position in Goldman Sachs BDC by 50.0% in the third quarter. Callodine Capital Management LP now owns 450,000 shares of the financial services provider’s stock worth $6,552,000 after buying an additional 150,000 shares during the last quarter. 28.72% of the stock is owned by hedge funds and other institutional investors.

About Goldman Sachs BDC

(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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