Oppenheimer & Co. Inc. Grows Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Posted by on Feb 25th, 2023

Oppenheimer & Co. Inc. raised its position in Goldman Sachs BDC, Inc. (NYSE:GSBD – Get Rating) by 22.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,079 shares of the financial services provider’s stock after purchasing an additional 5,979 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Goldman Sachs BDC were worth $463,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Goldman Sachs BDC during the 1st quarter valued at about $209,000. Cetera Advisor Networks LLC purchased a new stake in shares of Goldman Sachs BDC during the 1st quarter valued at about $245,000. BlackRock Inc. raised its holdings in shares of Goldman Sachs BDC by 139.2% during the 1st quarter. BlackRock Inc. now owns 676,501 shares of the financial services provider’s stock valued at $13,266,000 after buying an additional 393,739 shares during the period. Great West Life Assurance Co. Can raised its holdings in shares of Goldman Sachs BDC by 203.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 39,232 shares of the financial services provider’s stock valued at $819,000 after buying an additional 26,293 shares during the period. Finally, Raymond James Trust N.A. raised its holdings in shares of Goldman Sachs BDC by 63.6% during the 1st quarter. Raymond James Trust N.A. now owns 36,809 shares of the financial services provider’s stock valued at $721,000 after buying an additional 14,311 shares during the period. 28.35% of the stock is currently owned by hedge funds and other institutional investors.

Goldman Sachs BDC Price Performance

GSBD stock opened at $15.88 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.36. Goldman Sachs BDC, Inc. has a 52-week low of $13.54 and a 52-week high of $20.50. The stock’s 50 day moving average is $15.01 and its two-hundred day moving average is $15.58. The company has a market capitalization of $1.63 billion, a PE ratio of 18.05 and a beta of 1.23.

Wall Street Analysts Forecast Growth

GSBD has been the topic of several analyst reports. StockNews.com downgraded Goldman Sachs BDC from a “hold” rating to a “sell” rating in a report on Friday. Citigroup dropped their target price on Goldman Sachs BDC from $19.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, November 8th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, Goldman Sachs BDC presently has an average rating of “Hold” and a consensus target price of $16.25.

Goldman Sachs BDC Company Profile

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Goldman Sachs BDC, Inc invests in middle market companies located in the US. The fund targets companies operating in the fields software, health technology information technology, commercial services and textiles with an investment size of $25 to $75 million and an EBITDA of $5 to $75 million. It provides financing in the form of senior secured debt, unitranche debt, junior secured, mezzanine debt and equity for acquisitions, refinancing, growth, LBOs, dividend recapitalization and restructuring transactions.

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

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