Today: Today, Goldman Sachs BDC Inc. (GSBD) gets Neutral status at Goldman Sachs Group Inc.

Today, Goldman Sachs BDC Inc. (GSBD) gets Neutral status at Goldman Sachs Group Inc.

Goldman Sachs BDC Inc. (NYSE:GSBD) was downgraded by analysts at Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating in a report issued on Monday.

A number of other research analysts have also recently commented on GSBD. National Securities restated a “buy” rating and issued a $23.00 price target on shares of Goldman Sachs BDC in a research report on Monday, August 8th. Zacks Investment Research cut Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. Citigroup Inc. raised their price target on Goldman Sachs BDC from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, October 5th. Finally, Bank of America Corp. cut Goldman Sachs BDC from a “neutral” rating to an “underperform” rating and set a $20.50 price target on the stock. in a research report on Thursday, November 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Goldman Sachs BDC currently has an average rating of “Hold” and an average price target of $22.08.

Goldman Sachs BDC (NYSE:GSBD) traded down 0.09% on Monday, reaching $22.98. 168,326 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $21.91 and its 200 day moving average is $20.90. Goldman Sachs BDC has a 52 week low of $16.66 and a 52 week high of $23.00.

Goldman Sachs BDC (NYSE:GSBD) last posted its earnings results on Thursday, November 3rd. The company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.01. Goldman Sachs BDC had a return on equity of 11.88% and a net margin of 28.66%. The company earned $33.95 million during the quarter, compared to the consensus estimate of $26.37 million. During the same quarter last year, the firm earned $0.57 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. Analysts forecast that Goldman Sachs BDC will post $2.10 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Saturday, December 31st will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 7.83%. The ex-dividend date of this dividend is Wednesday, December 28th. Goldman Sachs BDC’s dividend payout ratio is presently 181.82%.

In other Goldman Sachs BDC news, Director Jaime Ardila bought 4,683 shares of the firm’s stock in a transaction on Monday, November 7th. The shares were purchased at an average price of $21.52 per share, for a total transaction of $100,778.16. Following the completion of the transaction, the director now directly owns 4,683 shares in the company, valued at approximately $100,778.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.35% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GSBD. Starfire Investment Advisers Inc. purchased a new stake in Goldman Sachs BDC during the second quarter valued at $248,000. Creative Planning purchased a new stake in Goldman Sachs BDC during the third quarter valued at $112,000. BB&T Securities LLC purchased a new stake in Goldman Sachs BDC during the third quarter valued at $202,000. PineBridge Investments L.P. boosted its stake in Goldman Sachs BDC by 133.9% in the second quarter. PineBridge Investments L.P. now owns 9,334 shares of the company’s stock valued at $187,000 after buying an additional 5,344 shares during the period. Finally, National Asset Management Inc. purchased a new stake in Goldman Sachs BDC during the second quarter valued at $263,000. Hedge funds and other institutional investors own 33.48% of the company’s stock.

Goldman Sachs BDC Company Profile

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