Apollon Wealth Management LLC Reduces Stock Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Apollon Wealth Management LLC decreased its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 43.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,740 shares of the financial services provider's stock after selling 21,922 shares during the period. Apollon Wealth Management LLC's holdings in Goldman Sachs BDC were worth $348,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Van ECK Associates Corp boosted its stake in shares of Goldman Sachs BDC by 10.4% during the third quarter. Van ECK Associates Corp now owns 2,706,897 shares of the financial services provider's stock worth $36,408,000 after buying an additional 255,458 shares during the period. Shikiar Asset Management Inc. raised its holdings in Goldman Sachs BDC by 6.7% during the fourth quarter. Shikiar Asset Management Inc. now owns 450,090 shares of the financial services provider's stock worth $5,446,000 after purchasing an additional 28,100 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Goldman Sachs BDC by 1.1% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 387,898 shares of the financial services provider's stock worth $4,694,000 after purchasing an additional 4,313 shares in the last quarter. International Assets Investment Management LLC raised its holdings in 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 purchasing an additional 314,380 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in Goldman Sachs BDC by 9.0% during the third quarter. HighTower Advisors LLC now owns 315,949 shares of the financial services provider's stock worth $4,347,000 after purchasing an additional 26,134 shares in the last quarter. Institutional investors and hedge funds own 28.72% of the company's stock.

Goldman Sachs BDC Stock Performance

NYSE GSBD traded up $0.08 during trading hours on Monday, hitting $12.96. 517,109 shares of the stock were exchanged, compared to its average volume of 870,250. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 18.51 and a beta of 1.06. Goldman Sachs BDC, Inc. has a 12-month low of $11.72 and a 12-month high of $15.94. The stock has a 50-day moving average of $12.58 and a 200 day moving average of $13.26. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19.

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.