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

Goldman Sachs BDC, Inc. (NYSE:GSBD - Get Free Report) was the recipient of a significant decline in short interest during 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 volume of 1,030,000 shares, the short-interest ratio is currently 1.3 days.

Goldman Sachs BDC Stock Performance

Shares of NYSE GSBD traded up $0.04 during mid-day trading on Friday, reaching $13.22. 570,490 shares of the company were exchanged, compared to its average volume of 866,239. The company's 50-day simple moving average is $12.60 and its 200-day simple moving average is $13.25. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $1.55 billion, a P/E ratio of 18.88 and a beta of 1.06. Goldman Sachs BDC has a twelve month low of $11.72 and a twelve month high of $15.94.

Hedge Funds Weigh In On Goldman Sachs BDC

A number of large investors have recently made changes to their positions in GSBD. Generali Asset Management SPA SGR acquired a new stake in Goldman Sachs BDC during the fourth quarter worth approximately $12,879,000. Raymond James Financial Inc. acquired a new position in shares of Goldman Sachs BDC during the 4th quarter worth $8,114,000. International Assets Investment Management LLC lifted its position in shares of Goldman Sachs BDC by 2,121.3% during the 3rd quarter. International Assets Investment Management LLC now owns 329,200 shares of the financial services provider's stock worth $45,300,000 after buying an additional 314,380 shares during the last quarter. Trexquant Investment LP boosted its stake in Goldman Sachs BDC by 300.2% in the fourth quarter. Trexquant Investment LP now owns 349,927 shares of the financial services provider's stock valued at $4,234,000 after buying an additional 262,488 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in 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 acquiring an additional 255,458 shares in the last quarter. 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.