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Goldman Sachs BDC (NYSE:GSBD – Get Free Report) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Saturday.
Goldman Sachs BDC Stock Up 2.1 %
NYSE:GSBD opened at $12.05 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26. The company 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. The stock has a 50-day simple moving average of $12.58 and a 200 day simple moving average of $13.11.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. Centaurus Financial Inc. grew its holdings in shares of Goldman Sachs BDC by 16.5% during the fourth quarter. Centaurus Financial Inc. now owns 13,603 shares of the financial services provider’s stock worth $165,000 after buying an additional 1,925 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Goldman Sachs BDC during the fourth quarter worth about $1,690,000. Alpine Global Management LLC acquired a new position in Goldman Sachs BDC during the fourth quarter valued at approximately $540,000. Cornerstone Advisory LLC acquired a new position in Goldman Sachs BDC during the fourth quarter valued at approximately $681,000. Finally, PharVision Advisers LLC acquired a new position in Goldman Sachs BDC during the fourth quarter valued at approximately $140,000. 28.72% of the stock is currently owned by institutional investors.
Goldman Sachs BDC Company Profile
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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