Goldman Sachs BDC (NYSE:GSBD) was upgraded by stock analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating in a report issued on Monday. The firm presently has a $21.75 price target on the financial services provider’s stock. Wells Fargo & Co’s price target points to a potential upside of 1.92% from the company’s previous close.
Other research analysts have also issued research reports about the company. Citigroup began coverage on Goldman Sachs BDC in a report on Thursday, August 23rd. They set a “neutral” rating and a $23.00 price target on the stock. Zacks Investment Research lowered Goldman Sachs BDC from a “buy” rating to a “hold” rating in a report on Wednesday, October 10th. Finally, National Securities reiterated a “buy” rating and set a $23.00 price target on shares of Goldman Sachs BDC in a report on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $22.96.
Shares of GSBD opened at $21.34 on Monday. Goldman Sachs BDC has a 52-week low of $18.78 and a 52-week high of $22.75. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market cap of $857.78 million, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 5.38 and a beta of 0.82.
Goldman Sachs BDC (NYSE:GSBD) last announced its earnings results on Thursday, November 1st. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. Goldman Sachs BDC had a net margin of 46.38% and a return on equity of 10.93%. The company had revenue of $38.00 million for the quarter, compared to analysts’ expectations of $36.84 million. During the same quarter in the previous year, the company posted $0.47 EPS. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. As a group, analysts forecast that Goldman Sachs BDC will post 1.99 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sterling Investment Advisors Ltd. raised its holdings in Goldman Sachs BDC by 3.1% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 90,100 shares of the financial services provider’s stock valued at $1,845,000 after buying an additional 2,700 shares during the period. Van ECK Associates Corp raised its holdings in Goldman Sachs BDC by 1.7% in the 2nd quarter. Van ECK Associates Corp now owns 253,565 shares of the financial services provider’s stock valued at $5,193,000 after buying an additional 4,322 shares during the period. Citadel Advisors LLC raised its holdings in Goldman Sachs BDC by 12.0% in the 2nd quarter. Citadel Advisors LLC now owns 51,807 shares of the financial services provider’s stock valued at $1,061,000 after buying an additional 5,553 shares during the period. Stelac Advisory Services LLC purchased a new stake in Goldman Sachs BDC in the 2nd quarter valued at about $123,000. Finally, Creative Planning purchased a new stake in Goldman Sachs BDC in the 3rd quarter valued at about $210,000. Hedge funds and other institutional investors own 33.92% 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.
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