Goldman Sachs BDC (NYSE:GSBD - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Sunday.
Goldman Sachs BDC Stock Down 0.3 %
GSBD traded down $0.04 during midday trading on Friday, hitting $12.32. The company had a trading volume of 341,682 shares, compared to its average volume of 853,018. Goldman Sachs BDC has a 52 week low of $11.72 and a 52 week high of $15.94. The stock's 50 day moving average price is $12.62 and its 200 day moving average price is $12.99. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 17.59 and a beta of 1.06.
Hedge Funds Weigh In On Goldman Sachs BDC
A number of institutional investors have recently made changes to their positions in GSBD. Sage Rhino Capital LLC lifted its stake in Goldman Sachs BDC by 23.9% in the fourth quarter. Sage Rhino Capital LLC now owns 252,335 shares of the financial services provider's stock worth $3,053,000 after acquiring an additional 48,639 shares during the period. JPMorgan Chase & Co. lifted its holdings in Goldman Sachs BDC by 221.7% during the third quarter. JPMorgan Chase & Co. now owns 222,475 shares of the financial services provider's stock valued at $3,061,000 after purchasing an additional 153,316 shares in the last quarter. Magnus Financial Group LLC purchased a new position in Goldman Sachs BDC in the 4th quarter worth approximately $246,000. Stiles Financial Services Inc purchased a new stake in shares of Goldman Sachs BDC during the 4th quarter worth approximately $383,000. Finally, Quadrant Private Wealth Management LLC boosted its stake in Goldman Sachs BDC by 13.5% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 182,279 shares of the financial services provider's stock worth $2,288,000 after buying an additional 21,620 shares during the period. Institutional investors own 28.72% of the company's stock.
Goldman Sachs BDC Company Profile
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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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