Goldman Sachs BDC, Inc. (NYSE:GSBD) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Thursday.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 3rd. National Securities restated a “neutral” rating and set a $22.00 price objective on shares of Goldman Sachs BDC in a report on Monday, May 22nd. Raymond James Financial, Inc. upgraded Goldman Sachs BDC from a “market perform” rating to an “outperform” rating in a report on Friday, May 26th. Goldman Sachs Group, Inc. (The) upgraded Goldman Sachs BDC from a “market perform” rating to an “outperform” rating in a report on Friday, May 26th. They noted that the move was a valuation call. Finally, TheStreet upgraded Goldman Sachs BDC from a “c” rating to a “b-” rating in a report on Thursday, April 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $22.65.
Goldman Sachs BDC (GSBD) traded up 0.04% during trading on Thursday, reaching $22.55. The company’s stock had a trading volume of 35,432 shares. Goldman Sachs BDC has a 12 month low of $19.98 and a 12 month high of $25.60. The company’s 50-day moving average is $22.62 and its 200-day moving average is $23.74.
Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings data on Thursday, May 4th. The financial services provider reported $0.49 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.49. The firm had revenue of $32.20 million during the quarter, compared to the consensus estimate of $32.03 million. Goldman Sachs BDC had a return on equity of 10.92% and a net margin of 39.55%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.58 earnings per share. Equities analysts expect that Goldman Sachs BDC will post $1.98 earnings per share for the current fiscal year.
In related news, Director Ross Jay Kari bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were bought at an average price of $22.24 per share, with a total value of $111,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ann B. Lane bought 2,240 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The shares were bought at an average cost of $22.32 per share, for a total transaction of $49,996.80. Following the transaction, the director now owns 2,240 shares of the company’s stock, valued at $49,996.80. The disclosure for this purchase can be found here. 0.32% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc boosted its position in shares of Goldman Sachs BDC by 4.9% in the second quarter. IFP Advisors Inc now owns 4,553 shares of the financial services provider’s stock valued at $103,000 after buying an additional 211 shares during the last quarter. Global X Management Co. LLC boosted its position in shares of Goldman Sachs BDC by 49.7% in the first quarter. Global X Management Co. LLC now owns 5,698 shares of the financial services provider’s stock valued at $140,000 after buying an additional 1,892 shares during the last quarter. US Bancorp DE bought a new position in shares of Goldman Sachs BDC during the second quarter valued at about $142,000. Regal Investment Advisors LLC bought a new position in shares of Goldman Sachs BDC during the first quarter valued at about $202,000. Finally, Palisade Capital Management LLC NJ bought a new position in shares of Goldman Sachs BDC during the second quarter valued at about $203,000. 36.89% of the stock is currently owned by institutional investors.
About Goldman Sachs BDC
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.
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