Goldman Sachs BDC, Inc. (NYSE:GSBD) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Sunday.

A number of other research analysts have also recently commented on GSBD. TheStreet raised Goldman Sachs BDC from a “c” rating to a “b-” rating in a research note on Thursday, April 6th. Citigroup Inc. reissued a “buy” rating and issued a $28.00 target price (up previously from $24.00) on shares of Goldman Sachs BDC in a research note on Tuesday, March 21st. Zacks Investment Research raised Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. National Securities reissued a “neutral” rating and issued a $22.00 target price on shares of Goldman Sachs BDC in a research note on Monday, May 8th. Finally, Raymond James Financial, Inc. raised Goldman Sachs BDC from a “market perform” rating to an “outperform” rating in a research note on Friday, May 26th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $22.65.

Shares of Goldman Sachs BDC (GSBD) traded up 0.04% during trading on Friday, hitting $22.76. The stock had a trading volume of 71,432 shares. Goldman Sachs BDC has a 1-year low of $19.97 and a 1-year high of $25.60. The firm’s 50 day moving average is $22.63 and its 200 day moving average is $23.86.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings results on Thursday, May 4th. The financial services provider reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. The firm had revenue of $32.20 million for the quarter, compared to analysts’ expectations of $32.03 million. Goldman Sachs BDC had a net margin of 39.55% and a return on equity of 10.92%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.58 earnings per share. Analysts expect that Goldman Sachs BDC will post $1.98 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.45 per share. The ex-dividend date is Wednesday, June 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.91%. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 132.35%.

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In related news, Director Ann B. Lane acquired 2,240 shares of Goldman Sachs BDC stock in a transaction dated Thursday, June 8th. The shares were purchased at an average cost of $22.32 per share, with a total value of $49,996.80. Following the completion of the purchase, the director now owns 2,240 shares of the company’s stock, valued at $49,996.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ross Jay Kari acquired 5,000 shares of Goldman Sachs BDC stock in a transaction dated Tuesday, May 23rd. The shares were bought at an average cost of $22.24 per share, for a total transaction of $111,200.00. The disclosure for this purchase can be found here. 0.32% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Goldman Sachs BDC by 82.3% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 338,990 shares of the financial services provider’s stock worth $8,352,000 after buying an additional 153,075 shares during the period. Muzinich & Co. Inc. raised its stake in Goldman Sachs BDC by 40.4% in the first quarter. Muzinich & Co. Inc. now owns 1,305,997 shares of the financial services provider’s stock worth $32,180,000 after buying an additional 375,879 shares in the last quarter. Van ECK Associates Corp raised its stake in Goldman Sachs BDC by 29.1% in the first quarter. Van ECK Associates Corp now owns 227,889 shares of the financial services provider’s stock worth $5,615,000 after buying an additional 51,312 shares in the last quarter. Homrich & Berg raised its stake in Goldman Sachs BDC by 1.8% in the first quarter. Homrich & Berg now owns 32,454 shares of the financial services provider’s stock worth $800,000 after buying an additional 589 shares in the last quarter. Finally, Rothschild Investment Corp IL raised its stake in Goldman Sachs BDC by 37.2% in the first quarter. Rothschild Investment Corp IL now owns 16,593 shares of the financial services provider’s stock worth $409,000 after buying an additional 4,500 shares in the last quarter. 35.89% of the stock is currently owned by hedge funds and other institutional investors.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc is a closed-end management investment company. The Company is a specialty finance company, which is focused on lending to middle-market companies. The Company’s investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, including first lien, unitranche, including last out portions of such loans, and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments.

Analyst Recommendations for Goldman Sachs BDC (NYSE:GSBD)

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