Goldman Sachs BDC (NYSE:GSBD) Downgraded to "Sell" Rating by StockNews.com

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) was downgraded by StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

Goldman Sachs BDC Price Performance

GSBD traded up $0.19 on Friday, reaching $12.39. The stock had a trading volume of 798,386 shares, compared to its average volume of 755,055. Goldman Sachs BDC has a fifty-two week low of $11.72 and a fifty-two week high of $15.94. The firm has a 50-day moving average of $12.58 and a 200-day moving average of $13.07. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 17.69 and a beta of 1.06.

Institutional Investors Weigh In On Goldman Sachs BDC

Institutional investors have recently made changes to their positions in the stock. Sage Rhino Capital LLC grew its position in shares of Goldman Sachs BDC by 23.9% in the 4th quarter. Sage Rhino Capital LLC now owns 252,335 shares of the financial services provider's stock valued at $3,053,000 after buying an additional 48,639 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Goldman Sachs BDC by 221.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 222,475 shares of the financial services provider's stock valued at $3,061,000 after buying an additional 153,316 shares during the last quarter. Magnus Financial Group LLC bought a new stake in shares of Goldman Sachs BDC in the 4th quarter valued at about $246,000. Stiles Financial Services Inc bought a new stake in shares of Goldman Sachs BDC in the 4th quarter valued at about $383,000. Finally, Quadrant Private Wealth Management LLC grew its position in shares of Goldman Sachs BDC by 13.5% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 182,279 shares of the financial services provider's stock valued at $2,288,000 after buying an additional 21,620 shares during the last quarter. Institutional investors own 28.72% of the company's stock.

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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.