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

Goldman Sachs BDC (NYSE:GSBD) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report released on Saturday.

Goldman Sachs BDC Stock Performance

Shares of GSBD stock opened at $12.05 on Friday. The business has a 50-day simple moving average of $12.58 and a 200-day simple moving average of $13.08. 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 stock has a market cap of $1.41 billion, a PE ratio of 17.22 and a beta of 1.06. Goldman Sachs BDC has a 52-week low of $11.72 and a 52-week high of $15.94.

Institutional Trading of Goldman Sachs BDC

A number of hedge funds have recently added to or reduced their stakes in the company. Centaurus Financial Inc. raised its position in shares of Goldman Sachs BDC by 16.5% in the fourth quarter. Centaurus Financial Inc. now owns 13,603 shares of the financial services provider’s stock worth $165,000 after acquiring an additional 1,925 shares during the period. Jefferies Financial Group Inc. acquired a new position in Goldman Sachs BDC in the 4th quarter worth about $1,690,000. Alpine Global Management LLC acquired a new position in Goldman Sachs BDC in the 4th quarter worth about $540,000. Cornerstone Advisory LLC purchased a new position in Goldman Sachs BDC during the fourth quarter worth approximately $681,000. Finally, PharVision Advisers LLC purchased a new stake in shares of Goldman Sachs BDC in the fourth quarter valued at approximately $140,000. 28.72% of the stock is owned by hedge funds and other institutional investors.

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.