NASDAQ:CGBD - TCG BDC Stock Price, News, & Analysis

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$14.82 -0.13 (-0.87 %)
(As of 05/20/2019 04:00 PM ET)
Previous Close$14.95
Today's Range$14.81 - $15.00
52-Week Range$12.19 - $18.41
Volume239,600 shs
Average Volume324,625 shs
Market Capitalization$898.28 million
P/E Ratio8.58
Dividend Yield9.90%
Beta0.99
TCG BDC, Inc. is a non-diversified closed-end investment company. The fund operates as a business development company. The company provides debt investments in the U.S. middle market companies. It also invests in first lien and second lien senior secured loans; middle market junior loans, such as corporate mezzanine loans, equity co-investments, syndicated first lien and second lien senior secured loans, high-yield bonds, structured finance obligations, and other opportunistic investments. The company was founded in 2012 and is headquartered in New York, New York.

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Industry, Sector and Symbol

Industry Private households
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:CGBD
CUSIPN/A
Phone212-813-4900

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$207.53 million
Cash Flow$2.8229 per share
Book Value$17.49 per share

Profitability

Net Income$39.12 million

Miscellaneous

EmployeesN/A
Market Cap$898.28 million
Next Earnings Date8/6/2019 (Estimated)
OptionableOptionable

TCG BDC (NASDAQ:CGBD) Frequently Asked Questions

What is TCG BDC's stock symbol?

TCG BDC trades on the NASDAQ under the ticker symbol "CGBD."

How often does TCG BDC pay dividends? What is the dividend yield for TCG BDC?

TCG BDC announced a quarterly dividend on Monday, May 6th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.37 per share on Wednesday, July 17th. This represents a $1.48 annualized dividend and a dividend yield of 9.99%. The ex-dividend date is Thursday, June 27th. View TCG BDC's Dividend History.

How were TCG BDC's earnings last quarter?

TCG BDC Inc (NASDAQ:CGBD) posted its quarterly earnings data on Tuesday, May, 7th. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.43 by $0.02. The firm earned $55.19 million during the quarter, compared to the consensus estimate of $56.70 million. TCG BDC had a return on equity of 10.19% and a net margin of 24.05%. During the same period in the previous year, the firm posted ($0.02) earnings per share. View TCG BDC's Earnings History.

When is TCG BDC's next earnings date?

TCG BDC is scheduled to release their next quarterly earnings announcement on Tuesday, August 6th 2019. View Earnings Estimates for TCG BDC.

What price target have analysts set for CGBD?

3 brokerages have issued 1 year price targets for TCG BDC's shares. Their forecasts range from $15.50 to $19.00. On average, they expect TCG BDC's stock price to reach $16.8333 in the next year. This suggests a possible upside of 13.6% from the stock's current price. View Analyst Price Targets for TCG BDC.

What is the consensus analysts' recommendation for TCG BDC?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TCG BDC in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for TCG BDC.

Has TCG BDC been receiving favorable news coverage?

News stories about CGBD stock have been trending somewhat negative on Monday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. TCG BDC earned a media sentiment score of -1.6 on InfoTrie's scale. They also gave media stories about the company a news buzz of 8.0 out of 10, indicating that recent media coverage is very likely to have an effect on the stock's share price in the immediate future.

Who are some of TCG BDC's key competitors?

What other stocks do shareholders of TCG BDC own?

Who are TCG BDC's key executives?

TCG BDC's management team includes the folowing people:
  • Mr. Michael A. Hart, Chairman & CEO (Age 57)
  • Mr. Jeffrey S. Levin, Pres
  • Mr. Thomas M. Hennigan, CFO, Chief Risk Officer and Head of Underwriting & Portfolio Management
  • Mr. Venugopal Rathi, Treasurer and Principal Accounting Officer (Age 38)
  • Mr. Daniel F. Harris, Head of Investor Relations (Age 46)

When did TCG BDC IPO?

(CGBD) raised $171 million in an initial public offering on Wednesday, June 14th 2017. The company issued 9,000,000 shares at $18.50-$19.50 per share. BofA Merrill Lynch, Morgan Stanley, J.P. Morgan, Citigroup, Keefe, Bruyette & Woods (A Stifel Company) and Wells Fargo Securities served as the underwriters for the IPO and HSBC and Mizuho Securities were co-managers.

Who are TCG BDC's major shareholders?

TCG BDC's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include HighTower Advisors LLC (3.62%), Morgan Stanley (2.77%), Sageworth Trust Co (1.81%), PagnatoKarp Partners LLC (1.76%), Muzinich & Co. Inc. (0.97%) and Marshall Wace LLP (0.64%). Company insiders that own TCG BDC stock include John G Nestor, Michael Anthony Hart, Thomas M Hennigan and Venugopal Rathi. View Institutional Ownership Trends for TCG BDC.

Which major investors are selling TCG BDC stock?

CGBD stock was sold by a variety of institutional investors in the last quarter, including Newport Trust Co, Ares Management LLC, Muzinich & Co. Inc., Trexquant Investment LP, Abbrea Capital LLC, Raymond James & Associates, ExodusPoint Capital Management LP and Westwood Holdings Group Inc.. View Insider Buying and Selling for TCG BDC.

Which major investors are buying TCG BDC stock?

CGBD stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Marshall Wace LLP, Morgan Stanley, PagnatoKarp Partners LLC, Alphasimplex Group LLC, Acadian Asset Management LLC, JPMorgan Chase & Co. and FineMark National Bank & Trust. Company insiders that have bought TCG BDC stock in the last two years include John G Nestor, Michael Anthony Hart, Thomas M Hennigan and Venugopal Rathi. View Insider Buying and Selling for TCG BDC.

How do I buy shares of TCG BDC?

Shares of CGBD can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is TCG BDC's stock price today?

One share of CGBD stock can currently be purchased for approximately $14.82.

How big of a company is TCG BDC?

TCG BDC has a market capitalization of $898.28 million and generates $207.53 million in revenue each year. The company earns $39.12 million in net income (profit) each year or $1.73 on an earnings per share basis.

What is TCG BDC's official website?

The official website for TCG BDC is http://www.tcgbdc.com.

How can I contact TCG BDC?

TCG BDC's mailing address is 520 Madison Avenue 40th Floor, New York NY, 10022. The company can be reached via phone at 212-813-4900 or via email at [email protected]


MarketBeat Community Rating for TCG BDC (NASDAQ CGBD)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  140 (Vote Outperform)
Underperform Votes:  146 (Vote Underperform)
Total Votes:  286
MarketBeat's community ratings are surveys of what our community members think about TCG BDC and other stocks. Vote "Outperform" if you believe CGBD will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CGBD will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/20/2019 by MarketBeat.com Staff

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