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

Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) have been assigned an average recommendation of “Reduce” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $9.75.

A number of research firms have issued reports on GSBD. Zacks Research upgraded shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. Lucid Cap Mkts upgraded Goldman Sachs BDC to a “hold” rating in a research note on Monday, December 15th. The Goldman Sachs Group assumed coverage on Goldman Sachs BDC in a research note on Monday, December 15th. They set a “neutral” rating and a $10.50 target price for the company. Wells Fargo & Company reduced their price target on Goldman Sachs BDC from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Monday, November 10th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Goldman Sachs BDC in a research report on Monday, December 29th.

Goldman Sachs BDC Stock Down 0.5%

Shares of NYSE:GSBD opened at $9.20 on Friday. The firm has a market capitalization of $1.05 billion, a PE ratio of 7.93 and a beta of 0.62. Goldman Sachs BDC has a 1 year low of $8.92 and a 1 year high of $13.44. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.81 and a quick ratio of 1.81. The firm’s 50-day moving average is $9.52 and its two-hundred day moving average is $10.23.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. The business had revenue of $91.60 million during the quarter, compared to analyst estimates of $88.16 million. Goldman Sachs BDC had a net margin of 34.72% and a return on equity of 12.78%. Analysts predict that Goldman Sachs BDC will post 2.19 EPS for the current year.

Institutional Investors Weigh In On Goldman Sachs BDC

A number of hedge funds and other institutional investors have recently modified their holdings of GSBD. Bridgewealth Advisory Group LLC grew its stake in shares of Goldman Sachs BDC by 36.7% during the fourth quarter. Bridgewealth Advisory Group LLC now owns 20,483 shares of the financial services provider’s stock worth $190,000 after purchasing an additional 5,500 shares in the last quarter. Stiles Financial Services Inc boosted its position in shares of Goldman Sachs BDC by 2.1% during the 4th quarter. Stiles Financial Services Inc now owns 152,971 shares of the financial services provider’s stock worth $1,420,000 after acquiring an additional 3,131 shares in the last quarter. Indivisible Partners acquired a new position in shares of Goldman Sachs BDC during the 4th quarter worth about $158,000. Sage Rhino Capital LLC increased its holdings in shares of Goldman Sachs BDC by 39.9% in the 4th quarter. Sage Rhino Capital LLC now owns 409,885 shares of the financial services provider’s stock valued at $3,804,000 after acquiring an additional 117,000 shares during the last quarter. Finally, Samalin Investment Counsel LLC raised its position in shares of Goldman Sachs BDC by 40.6% during the 4th quarter. Samalin Investment Counsel LLC now owns 16,185 shares of the financial services provider’s stock worth $150,000 after acquiring an additional 4,671 shares in the last quarter. 28.72% of the stock is currently owned by institutional investors and hedge funds.

About Goldman Sachs BDC

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.