Goldman Sachs BDC (NYSE:GSBD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.
According to Zacks, “Goldman Sachs BDC, Inc. is a specialty finance company. The Company invests primarily in telecommunication services, electronic equipment, instruments and components and real estate management and development industries. Goldman Sachs BDC, Inc. is based in NEW YORK, United States. “
Other research analysts have also recently issued research reports about the company. TheStreet raised Goldman Sachs BDC from a “c” rating to a “b-” rating in a report on Thursday, December 21st. National Securities reaffirmed a “neutral” rating and issued a $22.00 price target on shares of Goldman Sachs BDC in a report on Monday, February 26th. Finally, Bank of America dropped their price target on Goldman Sachs BDC from $21.50 to $20.00 and set an “underperform” rating on the stock in a report on Monday, February 26th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Goldman Sachs BDC presently has an average rating of “Hold” and a consensus target price of $23.33.
Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47. The company had revenue of $34.20 million for the quarter, compared to analysts’ expectations of $34.62 million. Goldman Sachs BDC had a return on equity of 11.22% and a net margin of 36.22%. During the same quarter in the prior year, the company earned $0.50 earnings per share. sell-side analysts predict that Goldman Sachs BDC will post 1.92 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC grew its position in Goldman Sachs BDC by 100.4% during the 3rd quarter. Private Advisor Group LLC now owns 222,748 shares of the financial services provider’s stock worth $5,007,000 after purchasing an additional 111,573 shares in the last quarter. Monument Capital Management purchased a new position in Goldman Sachs BDC during the 4th quarter worth approximately $1,263,000. CIBC World Markets Inc. grew its position in Goldman Sachs BDC by 21.8% during the 4th quarter. CIBC World Markets Inc. now owns 304,940 shares of the financial services provider’s stock worth $6,764,000 after purchasing an additional 54,540 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Goldman Sachs BDC during the 3rd quarter worth approximately $961,000. Finally, Shelton Capital Management grew its position in Goldman Sachs BDC by 153.6% during the 4th quarter. Shelton Capital Management now owns 55,800 shares of the financial services provider’s stock worth $1,238,000 after purchasing an additional 33,800 shares in the last quarter. 35.33% of the stock is currently owned by 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.
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