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

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$15.96 +0.06 (+0.38 %)
(As of 10/21/2018 02:23 PM ET)
Previous Close$15.96
Today's Range$15.7619 - $16.04
52-Week Range$15.27 - $20.30
Volume141,343 shs
Average Volume208,770 shs
Market Capitalization$998.60 million
P/E Ratio9.44
Dividend Yield9.27%
Beta-0.54
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

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

Debt

Debt-to-Equity Ratio0.76
Current Ratio0.53
Quick Ratio0.53

Price-To-Earnings

Trailing P/E Ratio9.44
Forward P/E Ratio9.67
P/E Growth4.85

Sales & Book Value

Annual Sales$165 million
Price / Sales6.05
Cash Flow$1.4365 per share
Price / Cash11.11
Book Value$18.12 per share
Price / Book0.88

Profitability

EPS (Most Recent Fiscal Year)$1.74
Net Income$84.20 million
Net Margins45.15%
Return on Equity9.32%
Return on Assets5.21%

Miscellaneous

EmployeesN/A
Outstanding Shares62,570,000
Market Cap$998.60 million

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 Wednesday, August 8th. Investors of record on Friday, September 28th will be given a dividend of $0.37 per share on Wednesday, October 17th. This represents a $1.48 dividend on an annualized basis and a yield of 9.27%. The ex-dividend date of this dividend is Thursday, September 27th. View TCG BDC's Dividend History.

How were TCG BDC's earnings last quarter?

TCG BDC Inc (NASDAQ:CGBD) posted its quarterly earnings results on Wednesday, August, 8th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.05. The firm earned $52.45 million during the quarter, compared to analyst estimates of $46.60 million. TCG BDC had a net margin of 45.15% and a return on equity of 9.32%. 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, November 6th 2018. View Earnings Estimates for TCG BDC.

What price target have analysts set for CGBD?

4 analysts have issued 1-year price objectives for TCG BDC's stock. Their predictions range from $15.00 to $19.00. On average, they expect TCG BDC's share price to reach $17.6667 in the next year. This suggests a possible upside of 10.7% from the stock's current price. View Analyst Price Targets for TCG BDC.

What is the consensus analysts' recommendation for 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.

Are investors shorting TCG BDC?

TCG BDC saw a increase in short interest in September. As of September 14th, there was short interest totalling 1,012,661 shares, an increase of 32.3% from the August 31st total of 765,154 shares. Based on an average daily trading volume, of 133,087 shares, the short-interest ratio is presently 7.6 days. Approximately 1.8% of the company's stock are sold short. View TCG BDC's Current Options Chain.

Who are some of TCG BDC's key competitors?

Who are TCG BDC's key executives?

TCG BDC's management team includes the folowing people:
  • Mr. Michael A. Hart, Chairman & CEO (Age 56)
  • 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 37)
  • Mr. Seth E. Gardner, Gen. Counsel (Age 50)

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 a price of $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 variety of of institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Asset Management Company LTD (0.21%). 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 Sumitomo Mitsui Asset Management Company LTD. 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 $15.96.

How big of a company is TCG BDC?

TCG BDC has a market capitalization of $998.60 million and generates $165 million in revenue each year. The company earns $84.20 million in net income (profit) each year or $1.74 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:  2.5 out of 5 (star star half star)
Outperform Votes:  104 (Vote Outperform)
Underperform Votes:  101 (Vote Underperform)
Total Votes:  205
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 10/21/2018 by MarketBeat.com Staff

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