Analysts Set Goldman Sachs BDC, Inc. (NYSE:GSBD) Price Target at $9.75

Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) have been assigned a consensus rating of “Reduce” from the five analysts that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $9.75.

A number of equities research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Goldman Sachs BDC in a report on Monday, December 29th. Zacks Research raised shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 13th. Wells Fargo & Company reduced their price target on shares of Goldman Sachs BDC from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Monday, November 10th. Lucid Cap Mkts raised shares of Goldman Sachs BDC to a “hold” rating in a report on Monday, December 15th. Finally, The Goldman Sachs Group assumed coverage on Goldman Sachs BDC in a research report on Monday, December 15th. They set a “neutral” rating and a $10.50 price objective for the company.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GSBD. MTM Investment Management LLC purchased a new position in shares of Goldman Sachs BDC in the second quarter valued at $25,000. ORG Partners LLC purchased a new position in shares of Goldman Sachs BDC in the 4th quarter worth $33,000. CWM LLC increased its holdings in shares of Goldman Sachs BDC by 187.8% in the 3rd quarter. CWM LLC now owns 4,864 shares of the financial services provider’s stock worth $49,000 after buying an additional 3,174 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Goldman Sachs BDC in the 3rd quarter worth about $51,000. Finally, Private Trust Co. NA raised its position in shares of Goldman Sachs BDC by 1,471.7% during the 2nd quarter. Private Trust Co. NA now owns 5,045 shares of the financial services provider’s stock valued at $57,000 after buying an additional 4,724 shares in the last quarter. 28.72% of the stock is currently owned by institutional investors.

Goldman Sachs BDC Stock Performance

NYSE:GSBD opened at $9.41 on Friday. The stock has a 50-day simple moving average of $9.48 and a two-hundred day simple moving average of $10.17. Goldman Sachs BDC has a 52-week low of $8.92 and a 52-week high of $13.44. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a market capitalization of $1.07 billion, a PE ratio of 8.11 and a beta of 0.62.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc (NYSE: GSBD) is an externally managed, closed-end, non-diversified management investment company organized as a business development company (BDC) under the U.S. Investment Company Act of 1940. The company’s primary objective is to generate current income and capital appreciation through debt and equity investments in U.S. middle-market companies. It principally invests in senior secured loans, mezzanine debt, preferred equity and, to a lesser extent, common equity, focusing on sponsor-backed transactions and special-situation financings.

The fund is advised by affiliates of Goldman Sachs Asset Management’s Private Credit Group, leveraging the firm’s global research capabilities and risk management infrastructure.