Goldman Sachs BDC (NYSE:GSBD) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of Goldman Sachs BDC (NYSE:GSBD) from a hold rating to a buy rating in a report released on Friday morning.

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

Goldman Sachs BDC Price Performance

GSBD stock opened at $15.68 on Friday. The stock has a market capitalization of $1.76 billion, a PE ratio of 8.71 and a beta of 1.13. The company’s 50-day moving average is $15.21 and its 200-day moving average is $14.88. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.13 and a quick ratio of 1.13. Goldman Sachs BDC has a 1 year low of $12.75 and a 1 year high of $15.72.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings results on Wednesday, February 28th. The financial services provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). Goldman Sachs BDC had a net margin of 43.06% and a return on equity of 15.05%. The business had revenue of $115.40 million during the quarter, compared to the consensus estimate of $117.09 million. Equities research analysts expect that Goldman Sachs BDC will post 2.18 EPS for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Thursday, March 28th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.80 annualized dividend and a dividend yield of 11.48%. Goldman Sachs BDC’s dividend payout ratio is currently 100.00%.

Hedge Funds Weigh In On Goldman Sachs BDC

Several hedge funds have recently modified their holdings of the company. Van ECK Associates Corp lifted its position in shares of Goldman Sachs BDC by 10.6% during the 4th quarter. Van ECK Associates Corp now owns 1,888,203 shares of the financial services provider’s stock worth $27,662,000 after buying an additional 180,880 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Goldman Sachs BDC by 2.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,138,467 shares of the financial services provider’s stock worth $17,054,000 after buying an additional 30,886 shares in the last quarter. Invesco Ltd. lifted its position in shares of Goldman Sachs BDC by 3.3% during the 3rd quarter. Invesco Ltd. now owns 862,743 shares of the financial services provider’s stock worth $12,562,000 after buying an additional 27,451 shares in the last quarter. Advisors Capital Management LLC lifted its position in shares of Goldman Sachs BDC by 2.6% during the 3rd quarter. Advisors Capital Management LLC now owns 651,264 shares of the financial services provider’s stock worth $9,482,000 after buying an additional 16,512 shares in the last quarter. Finally, Shikiar Asset Management Inc. lifted its position in shares of Goldman Sachs BDC by 30.3% during the 1st quarter. Shikiar Asset Management Inc. now owns 477,575 shares of the financial services provider’s stock worth $7,154,000 after buying an additional 110,975 shares in the last quarter. Institutional investors own 28.72% of the company’s stock.

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.