Shelton Capital Management grew its stake in Goldman Sachs BDC Inc (NYSE:GSBD) by 153.6% in the fourth quarter, Holdings Channel reports. The fund owned 55,800 shares of the financial services provider’s stock after purchasing an additional 33,800 shares during the period. Shelton Capital Management’s holdings in Goldman Sachs BDC were worth $1,238,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. SeaCrest Wealth Management LLC acquired a new stake in shares of Goldman Sachs BDC in the 4th quarter worth $104,000. Global X MANAGEMENT CO LLC increased its stake in shares of Goldman Sachs BDC by 49.5% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 8,384 shares of the financial services provider’s stock worth $191,000 after acquiring an additional 2,776 shares during the last quarter. Advisors Capital Management LLC acquired a new stake in shares of Goldman Sachs BDC in the 3rd quarter worth $202,000. Cambridge Investment Research Advisors Inc. increased its stake in shares of Goldman Sachs BDC by 24.8% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 13,039 shares of the financial services provider’s stock worth $298,000 after acquiring an additional 2,594 shares during the last quarter. Finally, Pinebridge Investments L.P. increased its stake in shares of Goldman Sachs BDC by 40.4% in the 3rd quarter. Pinebridge Investments L.P. now owns 13,968 shares of the financial services provider’s stock worth $318,000 after acquiring an additional 4,022 shares during the last quarter. 36.29% of the stock is owned by institutional investors and hedge funds.
A number of analysts have issued reports on the company. TheStreet downgraded Goldman Sachs BDC from a “b” rating to a “c+” rating in a research note on Monday, January 22nd. Zacks Investment Research upgraded Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 9th. National Securities reiterated a “neutral” rating and set a $22.00 price target on shares of Goldman Sachs BDC in a report on Monday, November 6th. Finally, BidaskClub cut Goldman Sachs BDC from a “hold” rating to a “sell” rating in a report on Saturday, October 28th. 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’s stock. Goldman Sachs BDC has a consensus rating of “Hold” and a consensus target price of $22.80.
In other Goldman Sachs BDC news, Director Jaime Ardila purchased 8,108 shares of the stock in a transaction dated Friday, December 1st. The stock was acquired at an average cost of $21.84 per share, for a total transaction of $177,078.72. Following the acquisition, the director now owns 12,791 shares in the company, valued at approximately $279,355.44. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.32% of the company’s stock.
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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.
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