Goldman Sachs Group Inc Stock Price, News & Analysis

Goldman Sachs BDC, Inc. (GSBD) reported its first-quarter results for 2022, with net investment income per share at $0.49, adjusted to $0.45 after accounting for purchase discount amortization. The Company declared a dividend of $0.45 per share for the second quarter. Total investments at fair value reached $3.93 billion, with a net asset value per share of $15.80. New investment commitments totaled $131.7 million, but total investment income declined to $78.3 million from $83.8 million. Notably, net realized and unrealized losses amounted to $9.8 million.

Goldman Sachs Asset Management has announced a share repurchase program for the Goldman Sachs MLP and Energy Renaissance Fund (GER), effective from May 15, 2022, to April 30, 2023. The Fund plans to buy back up to $10 million of its shares if they trade at more than a 10% discount to their net asset value (NAV). This initiative aims to enhance shareholder value and improve NAV and Net Investment Income per share. The repurchase program follows SEC rules and will be disclosed in shareholder reports.

Omega Healthcare has announced the acquisition of ApexonHealth and Vasta Global, enhancing its capabilities in revenue cycle management and clinical data services. ApexonHealth offers AI-driven payor solutions, improving claims accuracy and efficiency. Vasta Global specializes in oncology data management and analytics. These acquisitions aim to optimize Omega's portfolio of AI-based solutions, expanding its service offerings to over 350 clients. The strategy focuses on leveraging big data to reduce costs and enhance patient care.

Newfront has secured a $200 million investment at a $2.2 billion valuation, led by Goldman Sachs Asset Management and B Capital, with participation from other investors. The funds will be used to modernize insurance brokerage through enhanced technology and geographic expansion. Since its merger with ABD in August 2021, Newfront has launched a new client dashboard and achieved record growth and profitability. The investment reinforces the company's commitment to delivering maximum value to clients while transforming the insurance landscape.

Goldman Sachs BDC, Inc. (NYSE: GSBD) announced that it will report its Q1 financial results for the period ending March 31, 2022, after market close on May 5, 2022. An earnings conference call is scheduled for May 6, 2022, at 9:00 AM ET. Interested parties can participate via telephone or audio webcast on GS BDC’s website. The company, regulated as a business development company, primarily invests in middle-market companies and aims to generate current income through various types of debt and equity investments.

JLL has announced the record-setting sale of Flatiron Park, a life sciences and office campus in Boulder, Colorado, covering one million square feet. Sold to BioMed Realty, a Blackstone company, the transaction is noted as the largest single asset sale in Colorado history. The property is 90% leased to leading firms in technology and life sciences, featuring amenities like an on-site gym and restaurants. The campus's location near the University of Colorado Boulder provides access to a highly educated workforce, enhancing its appeal for future growth.

BioMed Realty has acquired Flatiron Park in Boulder, Colorado, a 1 million square foot life science and office campus that is 90% leased. This strategic acquisition allows BioMed to expand its portfolio in a high-demand market, anticipating an additional $200 million investment for redevelopment, creating nearly 400 local construction jobs. The acquisition positions BioMed in a vibrant innovation community, enhancing its capacity to support life science firms. This move aligns with BioMed's goal to foster innovation and community engagement.

Goldman Sachs Asset Management announced the outcomes from the annual shareholder meeting for the Goldman Sachs MLP and Energy Renaissance Fund (GER). Shareholders elected three Class I Trustees: Cheryl K. Beebe, Lawrence Hughes, and Michael Latham. The closed-end fund focuses on achieving high total returns, primarily investing in midstream MLPs and other energy-related sectors. As of December 31, 2021, Goldman Sachs manages over $2 trillion in assets worldwide, underscoring its significant influence in the investment landscape.

TemperPack Technologies, a leader in sustainable thermal insulation, has successfully raised $140 million in new equity financing, primarily backed by Goldman Sachs Asset Management. This funding aims to enhance TemperPack's production capacity and expand its market reach. The firm has seen rapid growth due to its eco-friendly ClimaCell thermal liners, which serve as alternatives to polystyrene in shipping perishable goods. The partnership with Goldman Sachs highlights a commitment to sustainability, reflecting the growing demand for environmentally responsible packaging solutions.