Private Advisor Group LLC Has $2.49 Million Position in Goldman Sachs BDC Inc (GSBD)

Private Advisor Group LLC lessened its stake in shares of Goldman Sachs BDC Inc (NYSE:GSBD) by 48.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,438 shares of the financial services provider’s stock after selling 108,310 shares during the period. Private Advisor Group LLC owned approximately 0.29% of Goldman Sachs BDC worth $2,494,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GSBD. Royal Bank of Canada boosted its stake in Goldman Sachs BDC by 1.8% during the 2nd quarter. Royal Bank of Canada now owns 79,661 shares of the financial services provider’s stock valued at $1,794,000 after purchasing an additional 1,400 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Goldman Sachs BDC by 24.8% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 13,039 shares of the financial services provider’s stock valued at $298,000 after purchasing an additional 2,594 shares during the last quarter. Global X MANAGEMENT CO LLC boosted its stake in Goldman Sachs BDC by 49.5% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 8,384 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 2,776 shares during the last quarter. Pinebridge Investments L.P. boosted its stake in Goldman Sachs BDC by 40.4% during the 3rd quarter. Pinebridge Investments L.P. now owns 13,968 shares of the financial services provider’s stock valued at $318,000 after purchasing an additional 4,022 shares during the last quarter. Finally, Barnett & Company Inc. boosted its stake in Goldman Sachs BDC by 3.0% during the 3rd quarter. Barnett & Company Inc. now owns 143,600 shares of the financial services provider’s stock valued at $3,277,000 after purchasing an additional 4,200 shares during the last quarter. 36.57% of the stock is owned by institutional investors.

Several analysts have commented on GSBD shares. BidaskClub downgraded Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. National Securities reiterated a “neutral” rating and set a $22.00 target price on shares of Goldman Sachs BDC in a research note on Monday, November 6th. TheStreet upgraded Goldman Sachs BDC from a “c” rating to a “b-” rating in a research note on Thursday, December 21st. Finally, Zacks Investment Research downgraded Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $22.80.

In other news, Director Jaime Ardila purchased 8,108 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were purchased at an average cost of $21.84 per share, for a total transaction of $177,078.72. Following the purchase, the director now directly owns 12,791 shares in the company, valued at approximately $279,355.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.32% of the company’s stock.

Goldman Sachs BDC Inc (NYSE GSBD) opened at $20.80 on Thursday. The stock has a market capitalization of $838.33, a price-to-earnings ratio of 9.95, a PEG ratio of 2.14 and a beta of 0.68. Goldman Sachs BDC Inc has a 52 week low of $20.11 and a 52 week high of $25.60. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61.

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Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc is a closed-end management investment company. The Company is a specialty finance company, which is focused on lending to middle-market companies. The Company’s investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, including first lien, unitranche, including last out portions of such loans, and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments.

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Institutional Ownership by Quarter for Goldman Sachs BDC (NYSE:GSBD)

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