Goldman Sachs BDC (NYSE:GSBD – Get Free Report) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.
GSBD has been the topic of a number of other reports. Bank of America reiterated an “underperform” rating and issued a $8.50 target price (down from $9.00) on shares of Goldman Sachs BDC in a report on Thursday, July 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Goldman Sachs BDC in a report on Tuesday, June 2nd. The Goldman Sachs Group lowered shares of Goldman Sachs BDC from a “neutral” rating to a “reduce” rating and set a $8.50 price objective on the stock. in a research note on Thursday, July 9th. Wall Street Zen cut shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Truist Financial decreased their target price on shares of Goldman Sachs BDC from $10.00 to $9.00 and set a “hold” rating for the company in a research report on Tuesday, May 19th. Four investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $8.50.
Get Our Latest Analysis on GSBD
Goldman Sachs BDC Stock Down 0.4%
Goldman Sachs BDC (NYSE:GSBD – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). The firm had revenue of $10.35 million during the quarter, compared to analyst estimates of $83.78 million. Goldman Sachs BDC had a net margin of 21.32% and a return on equity of 10.94%. On average, research analysts expect that Goldman Sachs BDC will post 1.15 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Goldman Sachs BDC
A number of institutional investors and hedge funds have recently bought and sold shares of GSBD. ORG Partners LLC bought a new position in Goldman Sachs BDC during the 4th quarter valued at $33,000. Kestra Advisory Services LLC bought a new stake in shares of Goldman Sachs BDC in the 4th quarter worth $57,000. Quantbot Technologies LP bought a new stake in shares of Goldman Sachs BDC in the 2nd quarter worth $62,000. SHP Wealth Management purchased a new stake in shares of Goldman Sachs BDC in the fourth quarter valued at about $63,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Goldman Sachs BDC in the third quarter valued at about $68,000. 28.72% of the stock is owned by hedge funds and other 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.
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