Goldman Sachs BDC Inc (NYSE:GSBD) has earned an average rating of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $22.33.
A number of brokerages recently issued reports on GSBD. Bank of America lowered their price target on Goldman Sachs BDC from $21.50 to $20.00 and set an “underperform” rating for the company in a report on Monday, February 26th. National Securities reiterated a “neutral” rating and issued a $22.00 price target on shares of Goldman Sachs BDC in a report on Monday, February 26th. Zacks Investment Research upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Wednesday, March 14th. ValuEngine lowered Goldman Sachs BDC from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Finally, Goldman Sachs Group upgraded Goldman Sachs BDC from an “outperform” rating to a “strong-buy” rating in a report on Tuesday, May 8th.
Shares of Goldman Sachs BDC traded down $0.09, reaching $20.34, during mid-day trading on Monday, according to MarketBeat Ratings. 106,700 shares of the company’s stock traded hands, compared to its average volume of 78,345. The stock has a market cap of $820.78 million, a price-to-earnings ratio of 9.83, a P/E/G ratio of 2.11 and a beta of 0.78. Goldman Sachs BDC has a 12 month low of $18.78 and a 12 month high of $23.25. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 0.89.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 29th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.85%. Goldman Sachs BDC’s payout ratio is 86.96%.
Several hedge funds and other institutional investors have recently made changes to their positions in GSBD. SeaCrest Wealth Management LLC purchased a new stake in shares of Goldman Sachs BDC in the fourth quarter valued at approximately $104,000. Mckinley Capital Management LLC Delaware lifted its holdings in Goldman Sachs BDC by 2.5% during the fourth quarter. Mckinley Capital Management LLC Delaware now owns 170,118 shares of the financial services provider’s stock worth $3,773,000 after buying an additional 4,226 shares during the period. Wells Fargo & Company MN lifted its holdings in Goldman Sachs BDC by 10.3% during the fourth quarter. Wells Fargo & Company MN now owns 156,997 shares of the financial services provider’s stock worth $3,482,000 after buying an additional 14,613 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in Goldman Sachs BDC by 41.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 21,083 shares of the financial services provider’s stock worth $468,000 after buying an additional 6,226 shares during the period. Finally, BlackRock Inc. lifted its holdings in Goldman Sachs BDC by 8.3% during the fourth quarter. BlackRock Inc. now owns 255,384 shares of the financial services provider’s stock worth $5,664,000 after buying an additional 19,480 shares during the period. Hedge funds and other institutional investors own 35.21% of the company’s stock.
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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