Goldman Sachs BDC Inc (NYSE:GSBD) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lowered its stake in shares of Goldman Sachs BDC Inc (NYSE:GSBD) by 48.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund 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 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in shares of 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 worth $1,794,000 after acquiring an additional 1,400 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of 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 acquiring an additional 2,594 shares during the last quarter. Global X MANAGEMENT CO LLC increased its stake in shares of 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 acquiring an additional 2,776 shares during the last quarter. Pinebridge Investments L.P. increased its stake in shares of 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 acquiring an additional 4,022 shares during the last quarter. Finally, Barnett & Company Inc. increased its stake in shares of 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 acquiring an additional 4,200 shares during the last quarter. Institutional investors and hedge funds own 35.34% of the company’s stock.

A number of analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 3rd. National Securities reissued a “neutral” rating and set a $22.00 target price on shares of Goldman Sachs BDC in a research report on Monday, November 6th. TheStreet downgraded shares of Goldman Sachs BDC from a “b” rating to a “c+” rating in a research report on Monday, January 22nd. Finally, BidaskClub downgraded shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $22.80.

Goldman Sachs BDC Inc (NYSE GSBD) traded up $0.01 during midday trading on Thursday, reaching $20.86. The company’s stock had a trading volume of 17,089 shares, compared to its average volume of 108,269. The stock has a market cap of $839.53, a PE ratio of 18.62, a PEG ratio of 2.15 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 debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 0.83.

In related news, Director Jaime Ardila purchased 8,108 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was purchased at an average price of $21.84 per share, for a total transaction of $177,078.72. Following the acquisition, the director now directly owns 12,791 shares in the company, valued at $279,355.44. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.32% of the stock is owned by corporate insiders.

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About Goldman Sachs BDC

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.

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

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