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

Goldman Sachs BDC (NYSE:GSBD) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Goldman Sachs BDC Stock Up 2.1 %

Shares of Goldman Sachs BDC stock opened at $12.05 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. Goldman Sachs BDC has a 12 month low of $11.72 and a 12 month high of $15.94. The business has a fifty day simple moving average of $12.58 and a 200 day simple moving average of $13.11. The stock has a market cap of $1.41 billion, a PE ratio of 17.22 and a beta of 1.06.

Institutional Investors Weigh In On Goldman Sachs BDC

A number of institutional investors have recently made changes to their positions in GSBD. Vision Financial Markets LLC acquired a new stake in shares of Goldman Sachs BDC during the fourth quarter worth $27,000. Farther Finance Advisors LLC increased its holdings in shares of Goldman Sachs BDC by 4,607.0% in the third quarter. Farther Finance Advisors LLC now owns 2,024 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 1,981 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Goldman Sachs BDC by 149.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 1,275 shares in the last quarter. Quarry LP bought a new stake in shares of Goldman Sachs BDC in the fourth quarter worth about $33,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Goldman Sachs BDC by 211.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,074 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 2,086 shares in the last quarter. 28.72% of the stock is owned by institutional investors and hedge funds.

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.