Goldman Sachs BDC (NYSE:GSBD) Upgraded to “Hold” at StockNews.com

Goldman Sachs BDC (NYSE:GSBD) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Goldman Sachs BDC Trading Up 0.1 %

NYSE:GSBD opened at $12.28 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.19. 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 $1.44 billion, a price-to-earnings ratio of 17.54 and a beta of 1.06. The business’s 50-day moving average price is $12.62 and its two-hundred day moving average price is $13.00.

Institutional Investors Weigh In On Goldman Sachs BDC

Several large investors have recently bought and sold shares of the company. Centaurus Financial Inc. grew its holdings in shares of Goldman Sachs BDC by 16.5% in the 4th quarter. Centaurus Financial Inc. now owns 13,603 shares of the financial services provider’s stock valued at $165,000 after buying an additional 1,925 shares during the period. Jefferies Financial Group Inc. bought a new position in Goldman Sachs BDC during the fourth quarter worth about $1,690,000. Alpine Global Management LLC acquired a new position in Goldman Sachs BDC in the fourth quarter valued at about $540,000. Cornerstone Advisory LLC bought a new stake in shares of Goldman Sachs BDC in the fourth quarter worth about $681,000. Finally, PharVision Advisers LLC acquired a new stake in shares of Goldman Sachs BDC during the fourth quarter worth about $140,000. Institutional investors own 28.72% 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.