Truist Financial Has Lowered Expectations for Goldman Sachs BDC (NYSE:GSBD) Stock Price

Goldman Sachs BDC (NYSE:GSBD) had its price objective cut by research analysts at Truist Financial from $11.00 to $10.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the financial services provider’s stock. Truist Financial’s price objective suggests a potential upside of 7.41% from the company’s current price.

GSBD has been the topic of several other reports. The Goldman Sachs Group started coverage on Goldman Sachs BDC in a research report on Monday, December 15th. They issued a “neutral” rating and a $10.50 target price on the stock. Wells Fargo & Company cut their price objective on Goldman Sachs BDC from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Monday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Goldman Sachs BDC in a research note on Monday, December 29th. Lucid Cap Mkts raised shares of Goldman Sachs BDC to a “hold” rating in a research report on Monday, December 15th. Finally, Zacks Research raised shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. Four research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $9.50.

Goldman Sachs BDC Trading Down 0.2%

NYSE GSBD opened at $9.31 on Wednesday. The company has a market cap of $1.05 billion, a P/E ratio of 8.95 and a beta of 0.62. Goldman Sachs BDC has a 12 month low of $8.81 and a 12 month high of $12.55. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.01 and a quick ratio of 1.81. The company has a 50-day moving average of $9.29 and a 200-day moving average of $9.95.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings results on Thursday, February 26th. The financial services provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. The firm had revenue of $38.79 million during the quarter, compared to analyst estimates of $87.18 million. Goldman Sachs BDC had a net margin of 32.62% and a return on equity of 12.23%. As a group, equities analysts predict that Goldman Sachs BDC will post 2.19 earnings per share for the current year.

Hedge Funds Weigh In On Goldman Sachs BDC

A number of institutional investors and hedge funds have recently bought and sold shares of GSBD. MTM Investment Management LLC purchased a new stake in shares of Goldman Sachs BDC during the second quarter valued at approximately $25,000. ORG Partners LLC purchased a new position in shares of Goldman Sachs BDC in the fourth quarter valued at $33,000. CWM LLC grew its holdings in Goldman Sachs BDC by 187.8% during the 3rd 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 in the last quarter. State of Alaska Department of Revenue purchased a new stake in Goldman Sachs BDC during the 3rd quarter worth $51,000. Finally, Kestra Advisory Services LLC acquired a new position in Goldman Sachs BDC in the 4th quarter worth $57,000. Hedge funds and other institutional investors 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.