Goldman Sachs BDC (NYSE:GSBD – Get Rating) is scheduled to be releasing its earnings data after the market closes on Thursday, February 23rd. Analysts expect Goldman Sachs BDC to post earnings of $0.52 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.
Goldman Sachs BDC Stock Performance
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Shares of GSBD stock opened at $15.61 on Thursday. Goldman Sachs BDC has a 52 week low of $13.54 and a 52 week high of $20.50. The company has a market cap of $1.60 billion, a PE ratio of 17.74 and a beta of 1.23. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.36. The company’s fifty day simple moving average is $14.85 and its 200-day simple moving average is $15.66.
Hedge Funds Weigh In On Goldman Sachs BDC
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in shares of Goldman Sachs BDC by 139.2% during the first quarter. BlackRock Inc. now owns 676,501 shares of the financial services provider’s stock worth $13,266,000 after acquiring an additional 393,739 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of Goldman Sachs BDC in the fourth quarter worth $1,536,000. Captrust Financial Advisors boosted its position in shares of Goldman Sachs BDC by 846.5% during the third quarter. Captrust Financial Advisors now owns 111,918 shares of the financial services provider’s stock valued at $1,617,000 after buying an additional 100,094 shares during the last quarter. Centaurus Financial Inc. raised its holdings in shares of Goldman Sachs BDC by 343.9% during the first quarter. Centaurus Financial Inc. now owns 97,263 shares of the financial services provider’s stock valued at $1,907,000 after purchasing an additional 75,350 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Goldman Sachs BDC during the fourth quarter valued at approximately $980,000. 28.35% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. Citigroup reduced their target price on shares of Goldman Sachs BDC from $19.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, November 8th. Wells Fargo & Company reduced their price objective on Goldman Sachs BDC from $17.00 to $14.50 and set an “equal weight” rating for the company in a research report on Monday, October 24th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $16.25.
About Goldman Sachs BDC
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.
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