Goldman Sachs BDC (NYSE:GSBD) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Goldman Sachs BDC (NYSE:GSBDGet Rating) from a hold rating to a buy rating in a report released on Wednesday, Zacks.com reports. The brokerage currently has $20.00 price objective on the financial services provider’s stock.

According to Zacks, “Goldman Sachs BDC, Inc. is a specialty finance company. The Company invests primarily in telecommunication services, electronic equipment, instruments and components and real estate management and development industries. Goldman Sachs BDC, Inc. is based in NEW YORK, United States. “

GSBD has been the subject of several other research reports. Wells Fargo & Company cut their price objective on shares of Goldman Sachs BDC from $19.50 to $18.50 and set an equal weight rating for the company in a research report on Monday, April 25th. StockNews.com raised Goldman Sachs BDC from a sell rating to a hold rating in a research note on Wednesday.

GSBD opened at $17.95 on Wednesday. Goldman Sachs BDC has a twelve month low of $17.67 and a twelve month high of $20.65. The company has a 50-day simple moving average of $19.43 and a 200 day simple moving average of $19.43. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 10.68 and a beta of 1.27.

Goldman Sachs BDC (NYSE:GSBDGet Rating) last posted its quarterly earnings data on Thursday, February 24th. The financial services provider reported $0.48 earnings per share for the quarter. Goldman Sachs BDC had a net margin of 50.23% and a return on equity of 13.66%. The business had revenue of $83.76 million during the quarter. Sell-side analysts anticipate that Goldman Sachs BDC will post 1.87 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 27th. Shareholders of record on Thursday, June 30th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 10.03%. The ex-dividend date of this dividend is Wednesday, June 29th. Goldman Sachs BDC’s payout ratio is 107.14%.

Institutional investors have recently added to or reduced their stakes in the company. Cornerstone Advisory LLC acquired a new stake in Goldman Sachs BDC during the 4th quarter valued at approximately $28,000. Total Clarity Wealth Management Inc. bought a new position in shares of Goldman Sachs BDC in the 4th quarter worth $29,000. CWM LLC bought a new position in Goldman Sachs BDC during the 4th quarter valued at $29,000. Lazard Asset Management LLC bought a new position in Goldman Sachs BDC during the 1st quarter valued at $29,000. Finally, McIlrath & Eck LLC lifted its stake in Goldman Sachs BDC by 1,662.7% during the 3rd quarter. McIlrath & Eck LLC now owns 1,939 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 1,829 shares in the last quarter. 26.81% of the stock is owned by institutional investors.

About Goldman Sachs BDC (Get Rating)

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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