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

Goldman Sachs BDC (NYSE:GSBD) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

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

Goldman Sachs BDC Stock Performance

Shares of NYSE GSBD opened at $15.58 on Friday. Goldman Sachs BDC has a one year low of $12.75 and a one year high of $15.80. The business’s 50-day moving average price is $15.24 and its two-hundred day moving average price is $14.96. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $1.75 billion, a P/E ratio of 8.66 and a beta of 1.11.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings results on Wednesday, February 28th. The financial services provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02). The firm had revenue of $115.40 million during the quarter, compared to the consensus estimate of $117.09 million. Goldman Sachs BDC had a net margin of 43.06% and a return on equity of 15.05%. Analysts anticipate that Goldman Sachs BDC will post 2.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Goldman Sachs BDC

A number of institutional investors have recently modified their holdings of the company. Private Advisor Group LLC grew its stake in Goldman Sachs BDC by 11.3% in the 1st quarter. Private Advisor Group LLC now owns 37,596 shares of the financial services provider’s stock valued at $563,000 after buying an additional 3,827 shares during the last quarter. Hartline Investment Corp bought a new position in shares of Goldman Sachs BDC in the first quarter worth about $263,000. Norden Group LLC increased its stake in shares of Goldman Sachs BDC by 118.7% in the first quarter. Norden Group LLC now owns 23,706 shares of the financial services provider’s stock worth $355,000 after purchasing an additional 12,865 shares during the period. Van ECK Associates Corp boosted its stake in Goldman Sachs BDC by 7.9% during the 1st quarter. Van ECK Associates Corp now owns 2,037,694 shares of the financial services provider’s stock valued at $30,524,000 after purchasing an additional 149,491 shares during the period. Finally, Perigon Wealth Management LLC bought a new stake in Goldman Sachs BDC during the 1st quarter valued at approximately $472,000. Institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Company Profile

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.