Goldman Sachs BDC (NYSE:GSBD) Upgraded to “Buy” at StockNews.com

Goldman Sachs BDC (NYSE:GSBD) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

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

Goldman Sachs BDC Stock Up 1.3 %

Shares of NYSE GSBD traded up $0.20 during midday trading on Friday, hitting $15.68. The stock had a trading volume of 743,053 shares, compared to its average volume of 586,230. The business’s 50 day moving average is $15.21 and its 200-day moving average is $14.88. The company has a market cap of $1.76 billion, a P/E ratio of 8.71 and a beta of 1.13. Goldman Sachs BDC has a 52 week low of $12.75 and a 52 week high of $15.72. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.14.

Goldman Sachs BDC (NYSE:GSBD) last issued its earnings results on Wednesday, February 28th. The financial services provider reported $0.55 earnings per share (EPS) 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 firm had revenue of $115.40 million during the quarter, compared to the consensus estimate of $117.09 million. As a group, analysts predict that Goldman Sachs BDC will post 2.18 EPS for the current year.

Institutional Trading of Goldman Sachs BDC

Hedge funds and other institutional investors have recently modified their holdings of the company. Investment Partners Asset Management Inc. purchased a new stake in shares of Goldman Sachs BDC in the fourth quarter worth $1,211,000. Envestnet Asset Management Inc. purchased a new stake in shares of Goldman Sachs BDC in the third quarter worth $4,285,000. Raymond James Financial Services Advisors Inc. increased its stake in shares of Goldman Sachs BDC by 6.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,107,581 shares of the financial services provider’s stock worth $16,226,000 after purchasing an additional 67,482 shares in the last quarter. Callodine Capital Management LP increased its stake in shares of Goldman Sachs BDC by 50.0% in the third quarter. Callodine Capital Management LP now owns 450,000 shares of the financial services provider’s stock worth $6,552,000 after purchasing an additional 150,000 shares in the last quarter. Finally, SeaCrest Wealth Management LLC increased its stake in shares of Goldman Sachs BDC by 38.9% in the fourth quarter. SeaCrest Wealth Management LLC now owns 25,249 shares of the financial services provider’s stock worth $374,000 after purchasing an additional 7,074 shares in the last quarter. 28.72% of the stock is owned by hedge funds and other institutional investors.

About Goldman Sachs BDC

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.