Goldman Sachs BDC (NYSE:GSBD) had its price objective boosted by analysts at Goldman Sachs Group in a research note issued on Monday. The firm presently has an “outperform” rating on the financial services provider’s stock.
A number of other equities research analysts have also recently commented on GSBD. Zacks Investment Research cut Goldman Sachs BDC from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. National Securities restated a “buy” rating and set a $23.00 price objective on shares of Goldman Sachs BDC in a research report on Monday, August 6th. Citigroup began coverage on Goldman Sachs BDC in a research report on Thursday, August 23rd. They set a “neutral” rating and a $23.00 price objective for the company. Finally, Wells Fargo & Co cut their price objective on Goldman Sachs BDC from $20.25 to $20.00 and set a “market perform” rating for the company in a research report on Thursday, October 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Goldman Sachs BDC currently has an average rating of “Buy” and an average price target of $22.96.
NYSE:GSBD opened at $22.23 on Monday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.79. The stock has a market cap of $857.78 million, a price-to-earnings ratio of 10.74, a price-to-earnings-growth ratio of 5.38 and a beta of 0.82. Goldman Sachs BDC has a 52 week low of $18.78 and a 52 week high of $22.75.
Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings results on Thursday, November 1st. The financial services provider reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.03. The business had revenue of $38.00 million for the quarter, compared to analysts’ expectations of $36.84 million. Goldman Sachs BDC had a return on equity of 10.93% and a net margin of 46.38%. The business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the firm earned $0.47 earnings per share. As a group, analysts predict that Goldman Sachs BDC will post 1.99 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of GSBD. Private Advisor Group LLC grew its position in shares of Goldman Sachs BDC by 100.3% during the third quarter. Private Advisor Group LLC now owns 165,729 shares of the financial services provider’s stock valued at $3,676,000 after purchasing an additional 82,999 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in Goldman Sachs BDC by 257.3% in the second quarter. CIBC Private Wealth Group LLC now owns 96,103 shares of the financial services provider’s stock worth $1,968,000 after acquiring an additional 69,203 shares in the last quarter. Millennium Management LLC purchased a new position in Goldman Sachs BDC in the second quarter worth about $645,000. Raymond James & Associates grew its position in Goldman Sachs BDC by 78.2% in the second quarter. Raymond James & Associates now owns 57,042 shares of the financial services provider’s stock worth $1,168,000 after acquiring an additional 25,040 shares in the last quarter. Finally, First Republic Investment Management Inc. purchased a new position in Goldman Sachs BDC in the second quarter worth about $456,000. Hedge funds and other institutional investors own 33.92% 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.
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