Goldman Sachs BDC (NYSE:GSBD) Downgraded to “Hold” at StockNews.com

StockNews.com downgraded shares of Goldman Sachs BDC (NYSE:GSBD) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

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

Goldman Sachs BDC Price Performance

NYSE:GSBD traded up $0.15 during trading hours on Friday, reaching $15.58. 368,009 shares of the company were exchanged, compared to its average volume of 511,906. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.14. The firm has a market cap of $1.75 billion, a PE ratio of 8.66 and a beta of 1.11. Goldman Sachs BDC has a twelve month low of $12.75 and a twelve month high of $15.80. The stock’s 50-day moving average is $15.24 and its 200-day moving average is $14.95.

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

Goldman Sachs BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.55%. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 100.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. SeaCrest Wealth Management LLC boosted its holdings in shares of Goldman Sachs BDC by 3.0% in the first quarter. SeaCrest Wealth Management LLC now owns 26,016 shares of the financial services provider’s stock valued at $390,000 after acquiring an additional 767 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Goldman Sachs BDC by 0.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 143,996 shares of the financial services provider’s stock valued at $2,110,000 after purchasing an additional 882 shares during the period. CFO4Life Group LLC raised its stake in shares of Goldman Sachs BDC by 9.6% in the 3rd quarter. CFO4Life Group LLC now owns 11,091 shares of the financial services provider’s stock worth $161,000 after buying an additional 973 shares in the last quarter. Founders Financial Alliance LLC lifted its holdings in shares of Goldman Sachs BDC by 4.2% in the fourth quarter. Founders Financial Alliance LLC now owns 24,315 shares of the financial services provider’s stock valued at $356,000 after buying an additional 990 shares during the period. Finally, Private Advisor Group LLC boosted its stake in Goldman Sachs BDC by 2.8% during the third quarter. Private Advisor Group LLC now owns 45,278 shares of the financial services provider’s stock valued at $659,000 after buying an additional 1,240 shares in the last quarter. Institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Company Profile

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.