Goldman Sachs BDC (NYSE:GSBD) Price Target Lowered to $10.00 at Wells Fargo & Company

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) had its target price decreased by stock analysts at Wells Fargo & Company from $12.00 to $10.00 in a report released on Monday,Benzinga reports. The firm presently has an "underweight" rating on the financial services provider's stock. Wells Fargo & Company's target price points to a potential downside of 5.93% from the company's previous close.

Separately, StockNews.com upgraded Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research note on Sunday, March 23rd.

Goldman Sachs BDC Stock Performance

Shares of GSBD traded up $0.16 during midday trading on Monday, reaching $10.63. 691,104 shares of the stock were exchanged, compared to its average volume of 802,214. Goldman Sachs BDC has a twelve month low of $9.51 and a twelve month high of $15.94. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 15.19 and a beta of 0.87. The business's 50-day moving average price is $11.42 and its 200 day moving average price is $12.36.

Institutional Trading of Goldman Sachs BDC

Institutional investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB purchased a new position in Goldman Sachs BDC in the third quarter valued at about $1,101,000. JPMorgan Chase & Co. raised its holdings in Goldman Sachs BDC by 221.7% during the third quarter. JPMorgan Chase & Co. now owns 222,475 shares of the financial services provider's stock worth $3,061,000 after purchasing an additional 153,316 shares during the last quarter. Versant Capital Management Inc boosted its position in Goldman Sachs BDC by 143.4% during the fourth quarter. Versant Capital Management Inc now owns 13,331 shares of the financial services provider's stock worth $161,000 after purchasing an additional 7,854 shares in the last quarter. Capital Market Strategies LLC boosted its position in Goldman Sachs BDC by 18.9% during the fourth quarter. Capital Market Strategies LLC now owns 137,993 shares of the financial services provider's stock worth $1,670,000 after purchasing an additional 21,968 shares in the last quarter. Finally, Adams Asset Advisors LLC grew its holdings in Goldman Sachs BDC by 41.0% in the fourth quarter. Adams Asset Advisors LLC now owns 262,334 shares of the financial services provider's stock valued at $3,174,000 after purchasing an additional 76,257 shares during the last quarter. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

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.