Goldman Sachs BDC (NYSE:GSBD - Get Free Report) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a report issued on Tuesday.
Goldman Sachs BDC Stock Down 1.3 %
Shares of GSBD traded down $0.17 during trading hours on Tuesday, hitting $12.61. The stock had a trading volume of 799,984 shares, compared to its average volume of 756,799. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a 50 day simple moving average of $12.63 and a 200-day simple moving average of $13.20. The firm has a market capitalization of $1.48 billion, a P/E ratio of 18.01 and a beta of 1.06. Goldman Sachs BDC has a 1-year low of $11.72 and a 1-year high of $15.94.
Hedge Funds Weigh In On Goldman Sachs BDC
A number of hedge funds have recently added to or reduced their stakes in GSBD. Vision Financial Markets LLC acquired a new position in Goldman Sachs BDC during the 4th quarter valued at about $27,000. Farther Finance Advisors LLC lifted its position in shares of Goldman Sachs BDC by 4,607.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,024 shares of the financial services provider's stock worth $28,000 after buying an additional 1,981 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Goldman Sachs BDC by 149.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the financial services provider's stock worth $29,000 after buying an additional 1,275 shares in the last quarter. Quarry LP bought a new position in shares of Goldman Sachs BDC during the 4th quarter worth approximately $33,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Goldman Sachs BDC by 211.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,074 shares of the financial services provider's stock worth $37,000 after buying an additional 2,086 shares in the last quarter. Institutional investors and hedge funds own 28.72% of the company's stock.
About Goldman Sachs BDC
(
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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.
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