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

Goldman Sachs BDC (NYSE:GSBD) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Separately, Wells Fargo & Company upped their price target on Goldman Sachs BDC from $14.50 to $15.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th.

Goldman Sachs BDC Stock Up 1.0 %

Goldman Sachs BDC stock opened at $15.58 on Friday. The business’s 50-day simple moving average is $15.23 and its two-hundred day simple moving average is $14.94. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $1.75 billion, a PE ratio of 8.66 and a beta of 1.11. Goldman Sachs BDC has a fifty-two week low of $12.75 and a fifty-two week high of $15.80.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $0.55 EPS for the quarter, missing the consensus estimate 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 business had revenue of $115.40 million during the quarter, compared to analysts’ expectations of $117.09 million. Equities analysts anticipate that Goldman Sachs BDC will post 2.18 EPS for the current year.

Hedge Funds Weigh In On Goldman Sachs BDC

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in shares of Goldman Sachs BDC during the 3rd quarter valued at about $383,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of Goldman Sachs BDC by 4.9% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 30,484 shares of the financial services provider’s stock valued at $444,000 after buying an additional 1,424 shares during the period. J.W. Cole Advisors Inc. acquired a new stake in shares of Goldman Sachs BDC during the 3rd quarter worth approximately $171,000. Sage Rhino Capital LLC raised its position in shares of Goldman Sachs BDC by 43.5% during the 3rd quarter. Sage Rhino Capital LLC now owns 87,398 shares of the financial services provider’s stock valued at $1,273,000 after buying an additional 26,498 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Goldman Sachs BDC by 1.9% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 373,312 shares of the financial services provider’s stock valued at $5,435,000 after acquiring an additional 6,969 shares during 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.