Goldman Sachs BDC (NYSE:GSBD) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Goldman Sachs BDC (NYSE:GSBDGet Rating) from a hold rating to a buy rating in a research note issued to investors on Wednesday, Zacks.com reports. They currently have $21.00 target price on the financial services provider’s stock.

According to Zacks, “Goldman Sachs BDC, Inc. is a specialty finance company. The Company invests primarily in telecommunication services, electronic equipment, instruments and components and real estate management and development industries. Goldman Sachs BDC, Inc. is based in NEW YORK, United States. “

A number of other equities analysts have also recently weighed in on the company. StockNews.com cut Goldman Sachs BDC from a hold rating to a sell rating in a report on Saturday, April 23rd. Wells Fargo & Company decreased their price target on Goldman Sachs BDC from $19.50 to $18.50 and set an equal weight rating for the company in a report on Monday.

NYSE GSBD opened at $19.14 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.93 and a quick ratio of 0.93. Goldman Sachs BDC has a 12 month low of $18.31 and a 12 month high of $20.65. The company has a market cap of $1.95 billion, a P/E ratio of 10.13 and a beta of 1.33. The company has a 50-day moving average of $19.73 and a 200-day moving average of $19.47.

Goldman Sachs BDC (NYSE:GSBDGet Rating) last issued 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 return on equity of 13.55% and a net margin of 55.46%. The business had revenue of $83.76 million during the quarter. As a group, equities research analysts anticipate that Goldman Sachs BDC will post 1.77 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 27th. Shareholders of record on Thursday, March 31st were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.40%. The ex-dividend date was Wednesday, March 30th. Goldman Sachs BDC’s payout ratio is 95.24%.

Several institutional investors and hedge funds have recently made changes to their positions in GSBD. AXS Investments LLC acquired a new position in shares of Goldman Sachs BDC in the 3rd quarter valued at approximately $11,876,000. Victory Capital Management Inc. bought a new position in Goldman Sachs BDC during the third quarter worth $280,000. Brookstone Capital Management acquired a new position in Goldman Sachs BDC in the third quarter worth $482,000. Van ECK Associates Corp increased its stake in Goldman Sachs BDC by 9.4% during the third quarter. Van ECK Associates Corp now owns 1,162,275 shares of the financial services provider’s stock valued at $21,328,000 after purchasing an additional 100,231 shares during the last quarter. Finally, White Pine Investment CO raised its holdings in shares of Goldman Sachs BDC by 53.9% during the third quarter. White Pine Investment CO now owns 101,277 shares of the financial services provider’s stock worth $1,858,000 after purchasing an additional 35,457 shares during the period. 27.00% of the stock is currently owned by institutional investors.

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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