Wall Street Zen Downgrades Goldman Sachs BDC (NYSE:GSBD) to Sell

by · The Cerbat Gem

Goldman Sachs BDC (NYSE:GSBD – Get Free Report) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Several other analysts also recently weighed in on GSBD. Weiss Ratings upgraded Goldman Sachs BDC from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, March 5th. Truist Financial lowered their target price on Goldman Sachs BDC from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, March 4th. Finally, Wells Fargo & Company lowered their target price on Goldman Sachs BDC from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Monday, March 2nd. Five equities 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, the stock presently has an average rating of “Reduce” and a consensus price target of $9.50.

Read Our Latest Analysis on GSBD

Goldman Sachs BDC Stock Down 0.1%

Shares of NYSE GSBD opened at $8.92 on Friday. Goldman Sachs BDC has a 12-month low of $8.66 and a 12-month high of $12.03. The company has a market cap of $1.00 billion, a P/E ratio of 13.72 and a beta of 0.62. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.39. The stock has a fifty day moving average price of $9.31 and a 200 day moving average price of $9.46.

Goldman Sachs BDC (NYSE:GSBD – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.07). Goldman Sachs BDC had a net margin of 21.32% and a return on equity of 10.94%. The company had revenue of $10.35 million during the quarter, compared to analyst estimates of $83.78 million. Research analysts anticipate that Goldman Sachs BDC will post 1.23 EPS for the current fiscal year.

Insider Buying and Selling at Goldman Sachs BDC

In other Goldman Sachs BDC news, Director Carlos E. Evans bought 50,000 shares of the stock in a transaction dated Thursday, April 2nd. The stock was bought at an average cost of $9.02 per share, for a total transaction of $451,000.00. Following the completion of the purchase, the director directly owned 64,446 shares of the company’s stock, valued at approximately $581,302.92. The trade was a 346.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Goldman Sachs BDC

Several large investors have recently modified their holdings of GSBD. ORG Partners LLC bought a new position in shares of Goldman Sachs BDC during the fourth quarter worth about $33,000. CWM LLC lifted its position in shares of Goldman Sachs BDC by 187.8% during the third quarter. CWM LLC now owns 4,864 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 3,174 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Goldman Sachs BDC during the third quarter worth about $51,000. Kestra Advisory Services LLC bought a new position in shares of Goldman Sachs BDC during the fourth quarter worth about $57,000. Finally, Quantbot Technologies LP bought a new position in shares of Goldman Sachs BDC during the second quarter worth about $62,000. Institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Company Profile

(Get Free Report)

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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