Goldman Sachs Stock Activity: Opal Capital Cuts Holdings While BDC Rating Shifts

Opal Capital LLC reduced its stake in The Goldman Sachs Group Inc. by 60.8% in the first quarter, selling 7,168 shares and ending the period with 4,624 shares valued at roughly $3.9 million.

Separately, Zacks Research upgraded Goldman Sachs BDC (NYSE:GSBD) from a "strong sell" to a "hold" rating. The consensus rating for the BDC is now listed as "reduce" with an average price target of $8.50. The stock opened at $8.85, and the latest quarterly report showed earnings per share of $0.22, missing consensus estimates by $0.07.