Goldman Sachs BDC (NYSE:GSBD) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday.
According to Zacks, “Goldman Sachs BDC, Inc. is a specialty finance company. The Company invests primarily in telecommunication services, electronic equipment, instruments and components and real estate management and development industries. Goldman Sachs BDC, Inc. is based in NEW YORK, United States. “
A number of other equities analysts have also commented on GSBD. BidaskClub upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. National Securities restated a “neutral” rating and issued a $22.00 price objective on shares of Goldman Sachs BDC in a research report on Monday, November 6th. Finally, TheStreet upgraded shares of Goldman Sachs BDC from a “c” rating to a “b-” rating in a research report on Thursday, December 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Goldman Sachs BDC presently has a consensus rating of “Hold” and a consensus price target of $22.80.
Goldman Sachs BDC (NYSE:GSBD) traded down $0.08 during mid-day trading on Tuesday, hitting $21.71. 87,035 shares of the stock were exchanged, compared to its average volume of 142,701. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.83 and a quick ratio of 0.83. Goldman Sachs BDC has a one year low of $21.00 and a one year high of $25.60. The company has a market capitalization of $874.45 and a price-to-earnings ratio of -98.68.
Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. Goldman Sachs BDC had a net margin of 32.19% and a return on equity of 11.34%. The company had revenue of $34.40 million during the quarter, compared to analyst estimates of $33.56 million. During the same period last year, the business earned $0.51 earnings per share. Goldman Sachs BDC’s revenue was up 1.3% compared to the same quarter last year. analysts anticipate that Goldman Sachs BDC will post 2.07 EPS for the current fiscal year.
In related news, Director Jaime Ardila bought 8,108 shares of the company’s stock in a transaction on Friday, December 1st. The stock was acquired at an average cost of $21.84 per share, for a total transaction of $177,078.72. Following the completion of the transaction, the director now directly owns 12,791 shares in the company, valued at approximately $279,355.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.32% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Confluence Investment Management LLC lifted its position in Goldman Sachs BDC by 14.6% during the fourth quarter. Confluence Investment Management LLC now owns 172,574 shares of the financial services provider’s stock valued at $3,828,000 after purchasing an additional 22,046 shares during the last quarter. Shelton Capital Management purchased a new position in shares of Goldman Sachs BDC during the third quarter worth approximately $502,000. Barnett & Company Inc. raised its stake in shares of Goldman Sachs BDC by 3.0% during the third quarter. Barnett & Company Inc. now owns 143,600 shares of the financial services provider’s stock worth $3,277,000 after acquiring an additional 4,200 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Goldman Sachs BDC by 100.4% during the third quarter. Private Advisor Group LLC now owns 222,748 shares of the financial services provider’s stock worth $5,007,000 after acquiring an additional 111,573 shares in the last quarter. Finally, Pinebridge Investments L.P. raised its stake in shares of Goldman Sachs BDC by 40.4% during the third quarter. Pinebridge Investments L.P. now owns 13,968 shares of the financial services provider’s stock worth $318,000 after acquiring an additional 4,022 shares in the last quarter. Institutional investors and hedge funds own 36.49% of the company’s stock.
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Goldman Sachs BDC Company Profile
Goldman Sachs BDC, Inc is a closed-end management investment company. The Company is a specialty finance company, which is focused on lending to middle-market companies. The Company’s investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, including first lien, unitranche, including last out portions of such loans, and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments.
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