Goldman Sachs BDC (NYSE:GSBD) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday.
According to Zacks, “Goldman Sachs BDC, Inc. is a specialty finance company. The Company invests primarily in telecommunication services, electronic equipment, instruments and components and real estate management and development industries. Goldman Sachs BDC, Inc. is based in NEW YORK, United States. “
Several other equities analysts have also commented on GSBD. TheStreet upgraded Goldman Sachs BDC from a “c” rating to a “b-” rating in a research note on Thursday, December 21st. BidaskClub upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Finally, National Securities reiterated a “neutral” rating and issued a $22.00 target price on shares of Goldman Sachs BDC in a research note on Monday, November 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $22.60.
Goldman Sachs BDC (NYSE:GSBD) last released its earnings results on Thursday, November 2nd. The financial services provider reported $0.47 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47. The firm had revenue of $34.40 million during the quarter, compared to analyst estimates of $33.56 million. Goldman Sachs BDC had a return on equity of 11.34% and a net margin of 32.19%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 earnings per share. research analysts forecast that Goldman Sachs BDC will post 2.07 earnings per share for the current fiscal year.
In other news, Director Jaime Ardila purchased 8,108 shares of the stock in a transaction on Friday, December 1st. The stock was purchased at an average price of $21.84 per share, with a total value of $177,078.72. Following the completion of the transaction, the director now owns 12,791 shares in the company, valued at $279,355.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of the business. Muzinich & Co. Inc. grew its position in Goldman Sachs BDC by 10.1% during the second quarter. Muzinich & Co. Inc. now owns 1,437,363 shares of the financial services provider’s stock valued at $32,369,000 after acquiring an additional 131,366 shares during the period. Van ECK Associates Corp grew its position in Goldman Sachs BDC by 23.6% during the second quarter. Van ECK Associates Corp now owns 281,760 shares of the financial services provider’s stock valued at $6,345,000 after acquiring an additional 53,871 shares during the period. Fort Washington Investment Advisors Inc. OH grew its position in Goldman Sachs BDC by 19.0% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 271,985 shares of the financial services provider’s stock valued at $6,125,000 after acquiring an additional 43,365 shares during the period. Private Advisor Group LLC grew its position in Goldman Sachs BDC by 100.4% during the third quarter. Private Advisor Group LLC now owns 222,748 shares of the financial services provider’s stock valued at $5,007,000 after acquiring an additional 111,573 shares during the period. Finally, CIBC World Markets Inc. grew its position in Goldman Sachs BDC by 44.0% during the second quarter. CIBC World Markets Inc. now owns 200,782 shares of the financial services provider’s stock valued at $4,522,000 after acquiring an additional 61,312 shares during the period. 36.49% of the stock is owned by hedge funds and other institutional investors.
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.
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