Goldman Sachs BDC (NYSE:GSBD) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of Goldman Sachs BDC (NYSE:GSBD – Get Rating) from a sell rating to a hold rating in a research report released on Friday.

Several other equities research analysts have also issued reports on GSBD. Zacks Investment Research upgraded shares of Goldman Sachs BDC from a hold rating to a buy rating and set a $20.00 target price for the company in a research report on Wednesday, May 11th. Wells Fargo & Company decreased their price target on shares of Goldman Sachs BDC from $19.50 to $18.50 and set an equal weight rating on the stock in a research note on Monday, April 25th.

GSBD stock opened at $17.32 on Friday. Goldman Sachs BDC has a 12 month low of $17.10 and a 12 month high of $20.65. The firm has a market capitalization of $1.77 billion, a P/E ratio of 10.31 and a beta of 1.27. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.16. The firm has a 50 day moving average of $19.31 and a 200-day moving average of $19.41.

Goldman Sachs BDC (NYSE:GSBD – Get Rating) last announced its earnings results on Thursday, February 24th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter. Goldman Sachs BDC had a net margin of 50.23% and a return on equity of 13.69%. The business had revenue of $83.76 million during the quarter. Sell-side analysts predict that Goldman Sachs BDC will post 1.87 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 27th. Investors of record on Thursday, June 30th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 10.39%. The ex-dividend date is Wednesday, June 29th. Goldman Sachs BDC’s payout ratio is 107.14%.

Several hedge funds and other institutional investors have recently modified their holdings of GSBD. Icapital Wealth LLC purchased a new position in shares of Goldman Sachs BDC in the first quarter worth $13,697,000. BlackRock Inc. increased its stake in shares of Goldman Sachs BDC by 139.2% in the first quarter. BlackRock Inc. now owns 676,501 shares of the financial services provider’s stock worth $13,266,000 after buying an additional 393,739 shares during the period. Millennium Management LLC increased its stake in shares of Goldman Sachs BDC by 146.0% in the third quarter. Millennium Management LLC now owns 632,173 shares of the financial services provider’s stock worth $11,600,000 after buying an additional 375,182 shares during the period. Raymond James & Associates boosted its holdings in Goldman Sachs BDC by 40.9% in the first quarter. Raymond James & Associates now owns 1,226,874 shares of the financial services provider’s stock valued at $24,059,000 after acquiring an additional 356,362 shares in the last quarter. Finally, Greenwich Investment Management Inc. bought a new stake in Goldman Sachs BDC in the fourth quarter valued at $5,028,000. 26.81% of the stock is currently owned by institutional investors.

About Goldman Sachs BDC (Get Rating)

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.

See Also