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NASDAQ:CGBD

TCG BDC Stock Forecast, Price & News

$9.27
-0.21 (-2.22 %)
(As of 09/22/2020 12:00 AM ET)
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Today's Range
$9.26
Now: $9.27
$9.53
50-Day Range
$8.24
MA: $9.03
$9.48
52-Week Range
$4.30
Now: $9.27
$15.03
Volume212,736 shs
Average Volume427,147 shs
Market Capitalization$521.98 million
P/E RatioN/A
Dividend Yield15.61%
Beta2.1
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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TCG BDC logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.2Dividend Strength: 1.7Insider Behavior: 3.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.75 out of 5 stars


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$221.30 million
Cash Flow$1.96 per share
Book Value$16.21 per share

Profitability

Net Income$61.33 million

Miscellaneous

EmployeesN/A
Market Cap$521.98 million
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$9.27
-0.21 (-2.22 %)
(As of 09/22/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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TCG BDC (NASDAQ:CGBD) Frequently Asked Questions

How has TCG BDC's stock been impacted by COVID-19 (Coronavirus)?

TCG BDC's stock was trading at $11.31 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CGBD stock has decreased by 18.0% and is now trading at $9.27.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of TCG BDC?

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

When is TCG BDC's next earnings date?

TCG BDC is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for TCG BDC
.

How were TCG BDC's earnings last quarter?

TCG BDC Inc (NASDAQ:CGBD) issued its earnings results on Tuesday, August, 4th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.36 by $0.02. The business earned $35.83 million during the quarter, compared to analyst estimates of $33.37 million. TCG BDC had a negative net margin of 23.24% and a positive return on equity of 10.97%.
View TCG BDC's earnings history
.

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

TCG BDC declared a None dividend on Monday, August 3rd. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.37 per share on Friday, October 16th. This represents a dividend yield of 14.2%. The ex-dividend date of this dividend is Tuesday, September 29th.
View TCG BDC's dividend history
.

What price target have analysts set for CGBD?

4 analysts have issued 1 year price targets for TCG BDC's stock. Their forecasts range from $8.50 to $10.00. On average, they anticipate TCG BDC's share price to reach $9.00 in the next twelve months. This suggests that the stock has a possible downside of 2.9%.
View analysts' price targets for TCG BDC
.

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 following 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 IPO 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 acted as the underwriters for the IPO and HSBC and Mizuho Securities were co-managers.

What is TCG BDC's stock symbol?

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

Who are TCG BDC's major shareholders?

TCG BDC's stock is owned by a number of institutional and retail investors. Top institutional investors include HighTower Advisors LLC (2.35%), Two Sigma Advisers LP (0.89%), Sumitomo Mitsui Trust Holdings Inc. (0.72%), West Family Investments Inc. (0.55%), Mckinley Capital Management LLC Delaware (0.39%) and Bank of America Corp DE (0.37%). Company insiders that own TCG BDC stock include John G Nestor, Linda Pace, Michael Anthony Hart, Thomas M Hennigan and Venugopal Rathi.
View institutional ownership trends for TCG BDC
.

Which institutional investors are selling TCG BDC stock?

CGBD stock was sold by a variety of institutional investors in the last quarter, including HighTower Advisors LLC, Virtus ETF Advisers LLC, Novare Capital Management LLC, First Republic Investment Management Inc., Glenmede Trust Co. NA, West Family Investments Inc., Bank of America Corp DE, and Aigen Investment Management LP.
View insider buying and selling activity for TCG BDC
.

Which institutional investors are buying TCG BDC stock?

CGBD stock was acquired by a variety of institutional investors in the last quarter, including UBS Group AG, Cresset Asset Management LLC, California Public Employees Retirement System, Goldman Sachs Group Inc., Sumitomo Mitsui Trust Holdings Inc., Mckinley Capital Management LLC Delaware, Sigma Planning Corp, and Two Sigma Advisers LP. Company insiders that have bought TCG BDC stock in the last two years include John G Nestor, Linda Pace, Michael Anthony Hart, Thomas M Hennigan, and Venugopal Rathi.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is TCG BDC's stock price today?

One share of CGBD stock can currently be purchased for approximately $9.27.

How big of a company is TCG BDC?

TCG BDC has a market capitalization of $521.98 million and generates $221.30 million in revenue each year. The company earns $61.33 million in net income (profit) each year or $1.79 on an earnings per share basis.

What is TCG BDC's official website?

The official website for TCG BDC is 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]

This page was last updated on 9/23/2020 by MarketBeat.com Staff

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