Goldman Sachs BDC (NYSE:GSBD) Stock Rating Lowered by StockNews.com

Goldman Sachs BDC (NYSE:GSBD – Get Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Separately, Wells Fargo & Company downgraded Goldman Sachs BDC from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $21.00 to $19.50 in a research note on Monday, February 28th.

Shares of Goldman Sachs BDC stock opened at $19.42 on Friday. The stock has a market cap of $1.98 billion, a P/E ratio of 10.28 and a beta of 1.33. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.93 and a quick ratio of 0.93. The stock’s 50 day simple moving average is $19.79 and its 200-day simple moving average is $19.45. Goldman Sachs BDC has a 1-year low of $18.31 and a 1-year high of $20.65.

Goldman Sachs BDC (NYSE:GSBD – Get Rating) last posted its quarterly earnings data on Thursday, February 24th. The financial services provider reported $0.48 earnings per share for the quarter. The business had revenue of $83.76 million for the quarter. Goldman Sachs BDC had a return on equity of 13.55% and a net margin of 55.46%. As a group, research analysts expect that Goldman Sachs BDC will post 1.77 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in GSBD. Cornerstone Advisory LLC purchased a new stake in Goldman Sachs BDC during the fourth quarter valued at about $28,000. Total Clarity Wealth Management Inc. purchased a new stake in Goldman Sachs BDC during the fourth quarter valued at about $29,000. CWM LLC purchased a new stake in Goldman Sachs BDC during the fourth quarter valued at about $29,000. McIlrath & Eck LLC boosted its position in shares of Goldman Sachs BDC by 1,662.7% in the third quarter. McIlrath & Eck LLC now owns 1,939 shares of the financial services provider’s stock worth $36,000 after buying an additional 1,829 shares during the period. Finally, Huntington National Bank purchased a new stake in shares of Goldman Sachs BDC in the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 27.00% of the company’s stock.

Goldman Sachs BDC Company Profile (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.

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