Goldman Sachs BDC (NYSE:GSBD) Upgraded by StockNews.com to “Hold”

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

Several other analysts also recently issued reports on the stock. Wells Fargo & Company reduced 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 report on Monday, April 25th. Zacks Investment Research downgraded shares of Goldman Sachs BDC from a “buy” rating to a “hold” rating in a report on Monday, May 2nd.

Shares of GSBD stock opened at $18.49 on Wednesday. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 11.01 and a beta of 1.27. The stock has a 50 day simple moving average of $19.51 and a 200-day simple moving average of $19.46. Goldman Sachs BDC has a 12-month low of $18.00 and a 12-month high of $20.65. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.15.

Goldman Sachs BDC (NYSE:GSBD – Get 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 13.66% and a net margin of 50.23%. The business had revenue of $83.76 million during the quarter. On average, equities analysts forecast that Goldman Sachs BDC will post 1.77 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of GSBD. Total Clarity Wealth Management Inc. purchased a new stake in shares of Goldman Sachs BDC in the fourth quarter valued at $29,000. CWM LLC purchased a new stake in shares of Goldman Sachs BDC in the fourth quarter valued at $29,000. Cornerstone Advisory LLC purchased a new stake in shares of Goldman Sachs BDC in the fourth quarter valued at $28,000. McIlrath & Eck LLC grew 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 valued at $36,000 after purchasing 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 valued at $44,000. 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.

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