Goldman Sachs BDC, Inc. (NYSE:GSBD) Sees Significant Decline in Short Interest

Goldman Sachs BDC, Inc. (NYSE:GSBD) was the target of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 1,380,000 shares, a decline of 5.5% from the January 15th total of 1,460,000 shares. Based on an average daily trading volume, of 1,030,000 shares, the short-interest ratio is presently 1.3 days.

Goldman Sachs BDC Trading Up 1.3 %

Shares of NYSE GSBD opened at $13.32 on Thursday. The business’s 50 day moving average price is $12.59 and its 200-day moving average price is $13.25. Goldman Sachs BDC has a fifty-two week low of $11.72 and a fifty-two week high of $15.94. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 19.03 and a beta of 1.06.

Institutional Trading of Goldman Sachs BDC

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Generali Asset Management SPA SGR bought a new position in shares of Goldman Sachs BDC in the fourth quarter worth about $12,879,000. Raymond James Financial Inc. bought a new position in Goldman Sachs BDC in the 4th quarter worth about $8,114,000. International Assets Investment Management LLC increased its position in shares of Goldman Sachs BDC by 2,121.3% during the third quarter. International Assets Investment Management LLC now owns 329,200 shares of the financial services provider’s stock worth $45,300,000 after acquiring an additional 314,380 shares during the period. Trexquant Investment LP raised its stake in shares of Goldman Sachs BDC by 300.2% during the fourth quarter. Trexquant Investment LP now owns 349,927 shares of the financial services provider’s stock valued at $4,234,000 after acquiring an additional 262,488 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Goldman Sachs BDC by 10.4% in the third quarter. Van ECK Associates Corp now owns 2,706,897 shares of the financial services provider’s stock valued at $36,408,000 after purchasing an additional 255,458 shares during the period. Hedge funds and other institutional investors own 28.72% of the company’s stock.

About Goldman Sachs BDC

Goldman Sachs BDC, Inc is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities.