Goldman Sachs BDC (NYSE:GSBD) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen downgraded shares of Goldman Sachs BDC (NYSE:GSBD) from a hold rating to a sell rating in a research note published on Saturday morning.

A number of other analysts have also commented on the stock. Zacks Research raised shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. Truist Financial reduced their price target on Goldman Sachs BDC from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday. Lucid Cap Mkts raised Goldman Sachs BDC to a “hold” rating in a research note on Monday, December 15th. Weiss Ratings upgraded Goldman Sachs BDC from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday. Finally, The Goldman Sachs Group assumed coverage on Goldman Sachs BDC in a research note on Monday, December 15th. They issued a “neutral” rating and a $10.50 target price on the stock. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Goldman Sachs BDC has an average rating of “Reduce” and a consensus target price of $9.50.

Goldman Sachs BDC Price Performance

GSBD opened at $9.35 on Friday. Goldman Sachs BDC has a one year low of $8.81 and a one year high of $12.48. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.01 and a quick ratio of 1.81. The company’s 50 day simple moving average is $9.29 and its 200-day simple moving average is $9.93. The stock has a market capitalization of $1.05 billion, a P/E ratio of 8.99 and a beta of 0.62.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings data on Thursday, February 26th. The financial services provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $38.79 million during the quarter, compared to analyst estimates of $87.18 million. Goldman Sachs BDC had a return on equity of 12.23% and a net margin of 32.62%. Sell-side analysts anticipate that Goldman Sachs BDC will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 13.7%. The ex-dividend date is Tuesday, March 31st. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 123.08%.

Institutional Investors Weigh In On Goldman Sachs BDC

Several institutional investors have recently added to or reduced their stakes in the stock. MTM Investment Management LLC bought a new position in Goldman Sachs BDC during the 2nd quarter worth about $25,000. ORG Partners LLC acquired a new stake in shares of Goldman Sachs BDC in the 4th quarter valued at about $33,000. CWM LLC lifted its holdings in shares of Goldman Sachs BDC by 187.8% in the third quarter. CWM LLC now owns 4,864 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 3,174 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Goldman Sachs BDC during the third quarter worth about $51,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of Goldman Sachs BDC during the fourth quarter worth about $57,000. 28.72% of the stock is owned by institutional investors.

About Goldman Sachs BDC

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.