Goldman Sachs BDC (NYSE:GSBD) had its price objective hoisted by equities researchers at Goldman Sachs Group in a research note issued on Monday. The brokerage presently has an “outperform” rating on the financial services provider’s stock.
Several other brokerages also recently issued reports on GSBD. Citigroup assumed coverage on shares of Goldman Sachs BDC in a research note on Thursday, August 23rd. They issued a “neutral” rating and a $23.00 price objective for the company. Zacks Investment Research raised shares of Goldman Sachs BDC from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Wednesday, August 8th. National Securities reaffirmed a “buy” rating and set a $23.00 price target on shares of Goldman Sachs BDC in a research note on Monday, August 6th. Finally, Wells Fargo & Co decreased their price target on shares of Goldman Sachs BDC from $20.25 to $20.00 and set a “market perform” rating for the company in a research note on Thursday, October 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Goldman Sachs BDC has a consensus rating of “Buy” and a consensus target price of $22.96.
Shares of NYSE GSBD opened at $22.23 on Monday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $857.78 million, a price-to-earnings ratio of 10.74, a PEG ratio of 5.38 and a beta of 0.82. Goldman Sachs BDC has a 1 year low of $18.78 and a 1 year high of $22.75.
Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings data on Thursday, November 1st. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.03. The business had revenue of $38.00 million during the quarter, compared to the consensus estimate of $36.84 million. Goldman Sachs BDC had a net margin of 46.38% and a return on equity of 10.93%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 earnings per share. On average, sell-side analysts predict that Goldman Sachs BDC will post 1.99 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Stelac Advisory Services LLC bought a new stake in shares of Goldman Sachs BDC during the second quarter valued at approximately $123,000. Creative Planning bought a new stake in shares of Goldman Sachs BDC during the third quarter valued at approximately $210,000. US Bancorp DE bought a new stake in shares of Goldman Sachs BDC during the second quarter valued at approximately $240,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Goldman Sachs BDC during the second quarter valued at approximately $247,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of Goldman Sachs BDC during the second quarter valued at approximately $427,000. 33.92% of the stock is owned by hedge funds and other institutional investors.
About Goldman Sachs BDC
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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