ValuEngine downgraded shares of Goldman Sachs BDC (NYSE:GSBD) from a hold rating to a sell rating in a research report report published on Thursday morning, ValuEngine reports.

Separately, Zacks Investment Research downgraded shares of Goldman Sachs BDC from a hold rating to a strong sell rating in a research note on Tuesday, August 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $21.40.

Shares of NYSE GSBD traded up $0.19 during midday trading on Thursday, hitting $20.48. The stock had a trading volume of 9,403 shares, compared to its average volume of 90,382. The business’s 50 day moving average is $19.88 and its 200-day moving average is $20.14. The company has a market cap of $818.05 million, a P/E ratio of 9.93, a PEG ratio of 10.19 and a beta of 0.98. Goldman Sachs BDC has a 52 week low of $17.73 and a 52 week high of $22.75. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.22.

Goldman Sachs BDC (NYSE:GSBD) last issued its earnings results on Thursday, August 1st. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. The firm had revenue of $38.40 million for the quarter, compared to the consensus estimate of $37.76 million. Goldman Sachs BDC had a net margin of 24.25% and a return on equity of 12.07%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.50 earnings per share. As a group, analysts expect that Goldman Sachs BDC will post 1.99 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.80 annualized dividend and a dividend yield of 8.79%. Goldman Sachs BDC’s dividend payout ratio is presently 87.38%.

Several hedge funds and other institutional investors have recently modified their holdings of GSBD. Virtus ETF Advisers LLC bought a new position in shares of Goldman Sachs BDC in the second quarter worth approximately $3,433,000. Private Advisor Group LLC lifted its position in Goldman Sachs BDC by 98.5% during the second quarter. Private Advisor Group LLC now owns 212,994 shares of the financial services provider’s stock valued at $4,190,000 after purchasing an additional 105,680 shares during the period. Azimuth Capital Management LLC lifted its position in Goldman Sachs BDC by 86.0% during the first quarter. Azimuth Capital Management LLC now owns 142,995 shares of the financial services provider’s stock valued at $2,937,000 after purchasing an additional 66,135 shares during the period. Jag Capital Management LLC bought a new position in Goldman Sachs BDC during the second quarter valued at approximately $969,000. Finally, Cliffwater LLC lifted its position in Goldman Sachs BDC by 37.1% during the second quarter. Cliffwater LLC now owns 154,037 shares of the financial services provider’s stock valued at $3,030,000 after purchasing an additional 41,683 shares during the period. Hedge funds and other institutional investors own 35.14% 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.

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Analyst Recommendations for Goldman Sachs BDC (NYSE:GSBD)

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