Goldman Sachs BDC (NYSE:GSBD) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Goldman Sachs BDC (NYSE:GSBD – Get Rating) in a research report released on Thursday. The brokerage issued a hold rating on the financial services provider’s stock.

Separately, Wells Fargo & Company cut their target price on shares of Goldman Sachs BDC from $15.00 to $14.50 and set an equal weight rating on the stock in a report on Monday, February 27th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of Hold and an average target price of $16.25.

Goldman Sachs BDC Stock Down 2.0 %

GSBD stock opened at $13.55 on Thursday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.34. Goldman Sachs BDC has a twelve month low of $13.28 and a twelve month high of $20.50. The company’s 50 day moving average is $15.22 and its two-hundred day moving average is $15.29. The stock has a market cap of $1.40 billion, a P/E ratio of 25.57 and a beta of 1.20.

Goldman Sachs BDC (NYSE:GSBD – Get Rating) last released its quarterly earnings data on Thursday, February 23rd. The financial services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.14. Goldman Sachs BDC had a net margin of 15.17% and a return on equity of 14.31%. The company had revenue of $106.50 million for the quarter, compared to analysts’ expectations of $102.02 million. Research analysts expect that Goldman Sachs BDC will post 2.14 earnings per share for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 27th. Stockholders of record on Friday, March 31st will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.28%. Goldman Sachs BDC’s payout ratio is 339.63%.

Hedge Funds Weigh In On Goldman Sachs BDC

A number of institutional investors have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. increased its stake in Goldman Sachs BDC by 150.2% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 61,176 shares of the financial services provider’s stock valued at $850,000 after buying an additional 36,730 shares during the period. Financial Alternatives Inc acquired a new position in Goldman Sachs BDC in the 4th quarter valued at $1,164,000. Cascade Investment Group Inc. acquired a new position in Goldman Sachs BDC in the 4th quarter valued at $879,000. Natixis increased its stake in Goldman Sachs BDC by 16.6% in the 4th quarter. Natixis now owns 18,794 shares of the financial services provider’s stock valued at $258,000 after buying an additional 2,669 shares during the period. Finally, CreativeOne Wealth LLC acquired a new position in Goldman Sachs BDC in the 4th quarter valued at $186,000. 28.35% of the stock is owned by institutional investors and hedge funds.

Goldman Sachs BDC Company Profile

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Goldman Sachs BDC, Inc invests in middle market companies located in the US. The fund targets companies operating in the fields software, health technology information technology, commercial services and textiles with an investment size of $25 to $75 million and an EBITDA of $5 to $75 million. It provides financing in the form of senior secured debt, unitranche debt, junior secured, mezzanine debt and equity for acquisitions, refinancing, growth, LBOs, dividend recapitalization and restructuring transactions.