Goldman Sachs BDC Inc (GSBD) Position Raised by CIBC World Markets Inc.
CIBC World Markets Inc. lifted its holdings in shares of Goldman Sachs BDC Inc (NYSE:GSBD) by 21.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 304,940 shares of the financial services provider’s stock after acquiring an additional 54,540 shares during the quarter. CIBC World Markets Inc.’s holdings in Goldman Sachs BDC were worth $6,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also added to or reduced their stakes in the company. Global X MANAGEMENT CO LLC boosted its position in shares of Goldman Sachs BDC by 49.5% during the third quarter. Global X MANAGEMENT CO LLC now owns 8,384 shares of the financial services provider’s stock valued at $191,000 after buying an additional 2,776 shares during the last quarter. Advisors Capital Management LLC purchased a new stake in shares of Goldman Sachs BDC during the third quarter valued at $202,000. Pinebridge Investments L.P. boosted its position in shares of Goldman Sachs BDC by 0.4% during the second quarter. Pinebridge Investments L.P. now owns 9,946 shares of the financial services provider’s stock valued at $224,000 after buying an additional 37 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Goldman Sachs BDC by 24.8% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 13,039 shares of the financial services provider’s stock valued at $298,000 after buying an additional 2,594 shares during the last quarter. Finally, Raymond James Trust N.A. purchased a new stake in shares of Goldman Sachs BDC during the third quarter valued at $428,000. 36.62% of the stock is currently owned by institutional investors.
Several research analysts have issued reports on GSBD shares. Zacks Investment Research cut Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. BidaskClub cut Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. National Securities reissued a “neutral” rating and issued a $22.00 target price on shares of Goldman Sachs BDC in a research report on Monday, November 6th. Finally, TheStreet raised Goldman Sachs BDC from a “c” rating to a “b-” rating in a research report on Thursday, December 21st. One research 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 company currently has an average rating of “Hold” and an average target price of $22.80.
Goldman Sachs BDC (NYSE:GSBD) last announced its earnings results on Thursday, November 2nd. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. The business had revenue of $34.40 million for the quarter, compared to analysts’ expectations of $33.56 million. Goldman Sachs BDC had a return on equity of 11.34% and a net margin of 32.19%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the firm posted $0.51 earnings per share. equities analysts anticipate that Goldman Sachs BDC Inc will post 2.07 EPS for the current fiscal year.
In other news, Director Jaime Ardila bought 8,108 shares of the company’s stock in a transaction on Friday, December 1st. The shares were acquired at an average cost of $21.84 per share, with a total value of $177,078.72. Following the completion of the transaction, the director now owns 12,791 shares of the company’s stock, valued at approximately $279,355.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.32% of the company’s stock.
Goldman Sachs BDC 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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