StockNews.com Downgrades Goldman Sachs BDC (NYSE:GSBD) to Sell

Goldman Sachs BDC (NYSE:GSBD) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Goldman Sachs BDC Trading Up 2.1 %

Shares of NYSE:GSBD opened at $12.05 on Friday. The business’s 50-day moving average is $12.58 and its 200 day moving average is $13.08. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.26 and a quick ratio of 1.26. Goldman Sachs BDC has a 1 year low of $11.72 and a 1 year high of $15.94. The firm has a market capitalization of $1.41 billion, a P/E ratio of 17.22 and a beta of 1.06.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GSBD. Van ECK Associates Corp lifted its stake in shares of Goldman Sachs BDC by 1.0% during the fourth quarter. Van ECK Associates Corp now owns 2,732,785 shares of the financial services provider’s stock worth $33,066,000 after buying an additional 25,888 shares during the period. Invesco Ltd. lifted its position in Goldman Sachs BDC by 11.9% during the 4th quarter. Invesco Ltd. now owns 1,095,489 shares of the financial services provider’s stock worth $13,255,000 after acquiring an additional 116,154 shares during the period. Generali Asset Management SPA SGR purchased a new stake in Goldman Sachs BDC during the 4th quarter valued at about $12,879,000. Advisors Capital Management LLC increased its holdings in shares of Goldman Sachs BDC by 4.6% in the fourth quarter. Advisors Capital Management LLC now owns 775,035 shares of the financial services provider’s stock valued at $9,378,000 after purchasing an additional 34,222 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Goldman Sachs BDC in the fourth quarter worth about $8,114,000. Institutional investors and hedge funds own 28.72% of the company’s stock.

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.