Goldman Sachs BDC (NYSE:GSBD) Stock Rating Upgraded by StockNews.com

Goldman Sachs BDC (NYSE:GSBD) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Sunday.

Goldman Sachs BDC Stock Performance

Shares of GSBD stock opened at $12.26 on Friday. The stock has a market capitalization of $1.44 billion, a P/E ratio of 17.51 and a beta of 1.06. 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 firm’s 50 day moving average is $12.61 and its 200 day moving average is $13.02. Goldman Sachs BDC has a 12 month low of $11.72 and a 12 month high of $15.94.

Institutional Trading of Goldman Sachs BDC

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Stephens Inc. AR increased its holdings in Goldman Sachs BDC by 2.7% during the 4th quarter. Stephens Inc. AR now owns 30,166 shares of the financial services provider’s stock worth $365,000 after acquiring an additional 785 shares during the period. Founders Financial Alliance LLC increased its holdings in shares of Goldman Sachs BDC by 3.0% in the 4th quarter. Founders Financial Alliance LLC now owns 37,495 shares of the financial services provider’s stock worth $454,000 after buying an additional 1,104 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of Goldman Sachs BDC by 10.9% in the 4th quarter. Captrust Financial Advisors now owns 11,861 shares of the financial services provider’s stock worth $144,000 after buying an additional 1,165 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Goldman Sachs BDC by 149.1% in 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 during the last quarter. Finally, Mandatum Life Insurance Co Ltd increased its holdings in shares of Goldman Sachs BDC by 3.3% in the 4th quarter. Mandatum Life Insurance Co Ltd now owns 41,675 shares of the financial services provider’s stock worth $504,000 after buying an additional 1,327 shares during the last quarter. Institutional investors own 28.72% of the company’s stock.

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.