Goldman Sachs BDC (NYSE:GSBD) Receives Hold (C-) Rating from Weiss Ratings

Key Points

• Goldman Sachs BDC has received a "hold (C-)" rating from Weiss Ratings, while Zacks Research downgraded it to a "strong sell."
• The stock currently holds an average consensus rating of "Sell" with a target price of $10.00.
• CEO Vivek Bantwal purchased 22,000 shares of Goldman Sachs BDC stock, valued at approximately $249,920, increasing his ownership significantly.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report)'s stock had its "hold (c-)" rating reiterated by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Zacks Research downgraded Goldman Sachs BDC from a "hold" rating to a "strong sell" rating in a research note on Friday, August 15th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Sell" and a consensus target price of $10.00.

Goldman Sachs BDC Trading Down 0.5%

GSBD opened at $9.77 on Wednesday. Goldman Sachs BDC has a one year low of $9.51 and a one year high of $13.80. The company has a market cap of $1.11 billion, a P/E ratio of 7.75 and a beta of 0.73. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.50 and a current ratio of 1.50. The business's 50-day simple moving average is $11.07 and its 200-day simple moving average is $11.18.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.02). Goldman Sachs BDC had a net margin of 36.17% and a return on equity of 13.95%. The business had revenue of $90.97 million during the quarter, compared to analysts' expectations of $94.55 million. As a group, equities research analysts expect that Goldman Sachs BDC will post 2.19 EPS for the current fiscal year.

Insiders Place Their Bets

In other Goldman Sachs BDC news, CEO Vivek Bantwal purchased 22,000 shares of Goldman Sachs BDC stock in a transaction dated Friday, September 12th. The stock was acquired at an average cost of $11.36 per share, with a total value of $249,920.00. Following the acquisition, the chief executive officer directly owned 22,000 shares of the company's stock, valued at $249,920. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.12% of the company's stock.

Institutional Trading of Goldman Sachs BDC

Hedge funds have recently modified their holdings of the business. MTM Investment Management LLC acquired a new stake in shares of Goldman Sachs BDC in the 2nd quarter valued at approximately $25,000. Farther Finance Advisors LLC acquired a new stake in shares of Goldman Sachs BDC in the 2nd quarter valued at approximately $34,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of Goldman Sachs BDC in the 1st quarter valued at approximately $46,000. Private Trust Co. NA lifted its holdings in shares of Goldman Sachs BDC by 1,471.7% in the 2nd quarter. Private Trust Co. NA now owns 5,045 shares of the financial services provider's stock valued at $57,000 after buying an additional 4,724 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Goldman Sachs BDC in the 2nd quarter valued at approximately $62,000. 28.72% of the stock is owned by institutional investors and hedge funds.

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.

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