Goldman Sachs BDC is in the financial services sector and trades as part of the credit services industry. The company CEO is Brendan McGovern. Goldman Sachs BDC Inc is a closed-end management investment company focused on lending to middle-market companies. Its objective is to generate current income, capital appreciation through direct originations of secured debt and second lien debt.



Previous Intraday Performance:

The GSBD shares had a previous change of -0.44% which opened at 20.26 and closed at 20.16. It moved to an intraday high of 20.53 and a low of 20.10.

SeekingAlpha:  Goldman Sachs BDC: 8.7% Covered Dividend And Upside

Historical Performance:

Over the last five trading days, GSBD shares returned -2.42% and in the past 30 trading days it returned -3.77%. Over three months, it changed -0.04%. In one year it has changed 5.63% and within that year its 52-week high was 22.75 and its 52-week low was 17.73. GSBD stock is 13.71% above its 52 Week Low.

Our calculations result in a 200 day moving average of 20.17 and a 50 day moving average of 20.47. Right now, GSBD stock is trading -0.05% below its 200 day moving average and may be a great opportunity to buy, but should check other technical indicators to confirm a buy signal.

SeekingAlpha:  Goldman Sachs BDC, Inc. (GSBD) CEO Brendan McGovern on Q1 2019 Results – Earnings Call Transcript

Liquidity:

The company has a market cap of $812.5m with 40.3m shares outstanding and a float of 40.2m shares. Trading volume was 244,993 shares and has experienced an average volume of 99,313 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is bad, highly speculative and an investor may want to avoid this stock.

Earnings:

The last annual reported EPS for Goldman Sachs BDC was 1.33 which ended on 31st of December 2018, which according to the previous close, that is a PE of 15.16. Based on 4 analyst estimates, the consensus EPS for the next quarter is 0.48. The trailing twelve month EPS is 2.06, which comes to a trailing twelve month PE of 9.79.

The dividend per share is currently 1.80, which is a dividend yield of 8.93%. GSBD stock may not have sufficient earnings to cover future dividends and still be able to invest in and grow the business, therefore in the future the dividend may be reduced.

Base on our calculations, the intrinsic value per share is 10.79, which means it might overvalued by -86.85%

The next earnings report will be: 06-17-2019



EPS growth is an important number as it indicates the future prospects of Goldman Sachs BDC; it is usually expressed as a percentage and is then referred to as the EPS growth rate, which at this time is hard to estimate, but revenue growth has been 6.20% over the last twelve months.

Indicators Also to Watch:

Based on the latest filings, there is 36.00% of institutional ownership. Short-interest was 126,761, which was 0.31% of shares outstanding. The short-interest ratio or days-to-cover ratio was 1.26. This stock has some short interest, but it might be normal and no need to worry if long the position.

I calculated the beta to be 0.93

SeekingAlpha:  Goldman Sachs BDC 2019 Q1 – Results – Earnings Call Slides

Fundamental Numbers:

Based on last reported financials, the company’s return on equity is 5.52%, return on assets is 2.88%, profit margin is 42.24%, price-to-sales is 9.21 and price-to-book is 1.17.

Company Score Card:

Results are out of six:
 4  : Growth Expectations Result
 1  : Financial Safety Result
 3  : Past Performance Result
 3  : Valuation Result
 3  : Dividend Safety Result
 2  : Overall Result

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Jake McWilliams
I am an independent trader, analyst and algorithmic trading expert, having worked both for the sell side (brokerage) and the buy side (fund administration). I have been trading professionally for about 20 years. I trade stocks and forex and I play both long and short positions in underlying asset or through options. I have experience with discretionary and fully automated systems (Metatrader and Quantshare).

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