Goldman Sachs BDC (NYSE:GSBD) Upgraded by StockNews.com to Buy

StockNews.com upgraded shares of Goldman Sachs BDC (NYSE:GSBD) from a hold rating to a buy rating in a research report report published on Friday morning.

Separately, Wells Fargo & Company upped their price objective on shares of Goldman Sachs BDC from $14.50 to $15.00 and gave the stock an equal weight rating in a research report on Monday, January 29th.

Goldman Sachs BDC Price Performance

Goldman Sachs BDC stock opened at $15.78 on Friday. The stock has a fifty day moving average of $15.21 and a 200-day moving average of $14.91. The stock has a market capitalization of $1.77 billion, a P/E ratio of 8.77 and a beta of 1.13. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.13 and a current ratio of 1.13. Goldman Sachs BDC has a 52 week low of $12.75 and a 52 week high of $15.80.

Goldman Sachs BDC (NYSE:GSBD) last issued its earnings results on Wednesday, February 28th. The financial services provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02). The business had revenue of $115.40 million for the quarter, compared to analyst estimates of $117.09 million. Goldman Sachs BDC had a return on equity of 15.05% and a net margin of 43.06%. On average, sell-side analysts expect that Goldman Sachs BDC will post 2.18 earnings per share for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Thursday, March 28th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 11.41%. The ex-dividend date of this dividend was Wednesday, March 27th. Goldman Sachs BDC’s dividend payout ratio (DPR) is 100.00%.

Institutional Trading of Goldman Sachs BDC

Several hedge funds and other institutional investors have recently made changes to their positions in GSBD. WFA Asset Management Corp bought a new position in Goldman Sachs BDC in the 1st quarter valued at approximately $29,000. Signaturefd LLC bought a new stake in shares of Goldman Sachs BDC in the fourth quarter worth $40,000. Register Financial Advisors LLC acquired a new stake in Goldman Sachs BDC in the first quarter valued at $41,000. Creekmur Asset Management LLC bought a new position in Goldman Sachs BDC during the 4th quarter worth $45,000. Finally, CWM LLC lifted its holdings in Goldman Sachs BDC by 75.0% during the 4th quarter. CWM LLC now owns 3,500 shares of the financial services provider’s stock worth $51,000 after buying an additional 1,500 shares during the period. 28.72% of the stock is currently owned by institutional investors.

About Goldman Sachs BDC

Goldman Sachs BDC, Inc is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities.