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

Several other research analysts have also recently issued reports on the company. Zacks Investment Research cut Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. TheStreet raised Goldman Sachs BDC from a “c” rating to a “b-” rating in a research report on Thursday, April 6th. Citigroup Inc. reissued a “buy” rating and issued a $28.00 price objective (up previously from $24.00) on shares of Goldman Sachs BDC in a research report on Tuesday, March 21st. Raymond James Financial, Inc. raised Goldman Sachs BDC from a “market perform” rating to an “outperform” rating in a research report on Friday, May 26th. Finally, National Securities reissued a “neutral” rating and issued a $22.00 price objective on shares of Goldman Sachs BDC in a research report on Monday, May 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $22.65.

Shares of Goldman Sachs BDC (NYSE GSBD) traded up 0.04% during midday trading on Friday, hitting $22.76. The stock had a trading volume of 71,432 shares. The company’s 50 day moving average is $22.63 and its 200 day moving average is $23.86. Goldman Sachs BDC has a 52 week low of $19.97 and a 52 week high of $25.60.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be given a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.80 annualized dividend and a yield of 7.91%. Goldman Sachs BDC’s dividend payout ratio is currently 132.35%.

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In other news, Director Ross Jay Kari bought 5,000 shares of the stock in a transaction on Tuesday, May 23rd. The shares were purchased at an average cost of $22.24 per share, for a total transaction of $111,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann B. Lane bought 2,240 shares of the stock in a transaction on Thursday, June 8th. The stock was purchased at an average price of $22.32 per share, for a total transaction 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 disclosure for this purchase can be found here. 0.32% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of GSBD. Stratos Wealth Partners LTD. raised its stake in shares of Goldman Sachs BDC by 2.8% in the first quarter. Stratos Wealth Partners LTD. now owns 257,882 shares of the financial services provider’s stock valued at $6,354,000 after buying an additional 7,110 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of 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 valued at $5,615,000 after buying an additional 51,312 shares during the last quarter. Muzinich & Co. Inc. raised its stake in shares of 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 valued at $32,180,000 after buying an additional 375,879 shares during the last quarter. Mckinley Capital Management LLC Delaware raised its stake in shares of Goldman Sachs BDC by 1.9% in the first quarter. Mckinley Capital Management LLC Delaware now owns 166,803 shares of the financial services provider’s stock valued at $4,110,000 after buying an additional 3,152 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Goldman Sachs BDC by 52.8% in the first quarter. Stifel Financial Corp now owns 19,400 shares of the financial services provider’s stock valued at $478,000 after buying an additional 6,700 shares during the last quarter. Hedge funds and other institutional investors own 35.89% of the company’s stock.

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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