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

StockNews.com upgraded shares of Goldman Sachs BDC (NYSE:GSBD) from a sell rating to a hold rating in a report issued on Tuesday.

A number of other brokerages have also weighed in on GSBD. Truist Financial lowered their price objective on Goldman Sachs BDC from $16.00 to $14.00 and set a hold rating on the stock in a research report on Monday, August 12th. Wells Fargo & Company upgraded shares of Goldman Sachs BDC from an underweight rating to an equal weight rating and dropped their price target for the stock from $14.00 to $12.00 in a research note on Monday, August 12th.

Goldman Sachs BDC Stock Performance

Shares of GSBD stock opened at $13.56 on Tuesday. The company’s fifty day simple moving average is $14.01 and its two-hundred day simple moving average is $14.86. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 15.95 and a beta of 1.07. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.22 and a quick ratio of 1.22. Goldman Sachs BDC has a 1 year low of $13.39 and a 1 year high of $15.94.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.52 by $0.05. The firm had revenue of $108.62 million for the quarter, compared to the consensus estimate of $112.07 million. Goldman Sachs BDC had a return on equity of 15.79% and a net margin of 19.84%. As a group, analysts anticipate that Goldman Sachs BDC will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Monday, September 30th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 13.28%. The ex-dividend date is Monday, September 30th. Goldman Sachs BDC’s payout ratio is currently 211.76%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. WFA Asset Management Corp purchased a new position in Goldman Sachs BDC in the 1st quarter worth approximately $29,000. Register Financial Advisors LLC acquired a new position in shares of Goldman Sachs BDC in the first quarter worth $41,000. Creekmur Asset Management LLC purchased a new stake in shares of Goldman Sachs BDC during the fourth quarter worth $45,000. Tucker Asset Management LLC acquired a new stake in Goldman Sachs BDC in the 4th quarter valued at about $65,000. Finally, Rothschild Investment LLC purchased a new position in Goldman Sachs BDC in the second quarter worth approximately $113,000. 28.72% of the stock is owned by institutional investors and hedge funds.

Goldman Sachs BDC Company Profile

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.