StockNews.com Upgrades Goldman Sachs BDC (NYSE:GSBD) to Buy

Goldman Sachs BDC (NYSE:GSBD) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

Separately, Wells Fargo & Company increased their target price on 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

NYSE GSBD opened at $15.69 on Friday. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 8.72 and a beta of 1.13. Goldman Sachs BDC has a twelve month low of $12.75 and a twelve month high of $15.72. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.14. The stock has a 50-day moving average of $15.21 and a 200 day moving average of $14.89.

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

Hedge Funds Weigh In On Goldman Sachs BDC

A number of hedge funds have recently made changes to their positions in the company. WFA Asset Management Corp purchased a new stake in shares of Goldman Sachs BDC in the first quarter valued at approximately $29,000. Signaturefd LLC purchased a new stake in shares of Goldman Sachs BDC in the fourth quarter valued at approximately $40,000. Register Financial Advisors LLC purchased a new stake in shares of Goldman Sachs BDC in the first quarter valued at approximately $41,000. Creekmur Asset Management LLC purchased a new stake in shares of Goldman Sachs BDC in the fourth quarter valued at approximately $45,000. Finally, CWM LLC grew its position in shares of Goldman Sachs BDC by 75.0% in the fourth quarter. CWM LLC now owns 3,500 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 28.72% of the company’s stock.

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.