Goldman Sachs BDC (NYSE:GSBD) Given New $10.00 Price Target at Truist Financial

Goldman Sachs BDC (NYSE:GSBD) had its price objective reduced by research analysts at Truist Financial from $11.00 to $10.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the financial services provider’s stock. Truist Financial’s price objective indicates a potential upside of 8.93% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Company dropped their price objective on Goldman Sachs BDC from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Monday. Weiss Ratings reissued a “sell (d+)” rating on shares of Goldman Sachs BDC in a research report on Monday, December 29th. The Goldman Sachs Group started coverage on Goldman Sachs BDC in a research report on Monday, December 15th. They set a “neutral” rating and a $10.50 price target on the stock. Lucid Cap Mkts upgraded Goldman Sachs BDC to a “hold” rating in a research note on Monday, December 15th. Finally, Zacks Research raised Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $9.50.

Goldman Sachs BDC Stock Performance

GSBD traded up $0.01 during trading on Wednesday, hitting $9.18. 163,829 shares of the company traded hands, compared to its average volume of 1,525,317. Goldman Sachs BDC has a one year low of $8.81 and a one year high of $12.60. The stock’s fifty day moving average is $9.30 and its 200 day moving average is $9.96. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.27. The firm has a market cap of $1.03 billion, a P/E ratio of 8.83 and a beta of 0.62.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings data on Thursday, February 26th. The financial services provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. Goldman Sachs BDC had a net margin of 32.62% and a return on equity of 12.06%. The business had revenue of $38.79 million for the quarter, compared to analyst estimates of $87.18 million. As a group, equities analysts predict that Goldman Sachs BDC will post 2.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Goldman Sachs BDC

Hedge funds and other institutional investors have recently modified their holdings of the stock. MTM Investment Management LLC bought a new position in shares of Goldman Sachs BDC in the second quarter valued at approximately $25,000. ORG Partners LLC purchased a new stake in Goldman Sachs BDC in the 4th quarter worth approximately $33,000. CWM LLC lifted its stake in Goldman Sachs BDC by 187.8% in the 3rd quarter. CWM LLC now owns 4,864 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 3,174 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Goldman Sachs BDC in the 3rd quarter valued at $51,000. Finally, Quantbot Technologies LP purchased a new position in shares of Goldman Sachs BDC during the 2nd quarter valued at $62,000. 28.72% of the stock is currently owned by institutional investors.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc (NYSE: GSBD) is an externally managed, closed-end, non-diversified management investment company organized as a business development company (BDC) under the U.S. Investment Company Act of 1940. The company’s primary objective is to generate current income and capital appreciation through debt and equity investments in U.S. middle-market companies. It principally invests in senior secured loans, mezzanine debt, preferred equity and, to a lesser extent, common equity, focusing on sponsor-backed transactions and special-situation financings.

The fund is advised by affiliates of Goldman Sachs Asset Management’s Private Credit Group, leveraging the firm’s global research capabilities and risk management infrastructure.