Goldman Sachs BDC, Inc. (NYSE:GSBD) Given Consensus Rating of “Reduce” by Analysts

Goldman Sachs BDC, Inc. (NYSE:GSBD) has earned a consensus recommendation of “Reduce” from the five research firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $9.75.

GSBD has been the subject of several recent analyst reports. Lucid Cap Mkts upgraded shares of Goldman Sachs BDC to a “hold” rating in a research report on Monday, December 15th. The Goldman Sachs Group initiated coverage on shares of Goldman Sachs BDC in a report on Monday, December 15th. They set a “neutral” rating and a $10.50 price target for the company. Wells Fargo & Company decreased their price objective on Goldman Sachs BDC from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Monday, November 10th. Zacks Research raised Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 13th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Goldman Sachs BDC in a research report on Monday, December 29th.

Goldman Sachs BDC Price Performance

NYSE:GSBD opened at $9.20 on Friday. Goldman Sachs BDC has a one year low of $8.92 and a one year high of $13.44. The stock has a market cap of $1.05 billion, a PE ratio of 7.93 and a beta of 0.62. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.81 and a current ratio of 1.81. The stock has a 50 day moving average price of $9.52 and a 200 day moving average price of $10.23.

Goldman Sachs BDC (NYSE:GSBD) last issued its earnings results on Thursday, November 6th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.03. Goldman Sachs BDC had a return on equity of 12.78% and a net margin of 34.72%.The company had revenue of $91.60 million during the quarter, compared to analysts’ expectations of $88.16 million. Equities research analysts expect that Goldman Sachs BDC will post 2.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. MTM Investment Management LLC acquired a new stake in shares of Goldman Sachs BDC during the second quarter valued at about $25,000. ORG Partners LLC acquired a new stake in Goldman Sachs BDC in the 4th quarter valued at approximately $33,000. CWM LLC raised its position in Goldman Sachs BDC by 187.8% in the third quarter. CWM LLC now owns 4,864 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 3,174 shares during the period. State of Alaska Department of Revenue acquired a new position in Goldman Sachs BDC during the third quarter worth $51,000. Finally, Private Trust Co. NA boosted its position in shares of Goldman Sachs BDC by 1,471.7% during the second quarter. Private Trust Co. NA now owns 5,045 shares of the financial services provider’s stock worth $57,000 after buying an additional 4,724 shares during the period. Institutional investors and hedge funds own 28.72% of the company’s stock.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc (NYSE: GSBD) is an externally managed, closed-end, non-diversified management investment company organized as a business development company (BDC) under the U.S. Investment Company Act of 1940. The company’s primary objective is to generate current income and capital appreciation through debt and equity investments in U.S. middle-market companies. It principally invests in senior secured loans, mezzanine debt, preferred equity and, to a lesser extent, common equity, focusing on sponsor-backed transactions and special-situation financings.

The fund is advised by affiliates of Goldman Sachs Asset Management’s Private Credit Group, leveraging the firm’s global research capabilities and risk management infrastructure.