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

$13.67
+0.15 (+1.11 %)
(As of 12/15/2019 09:32 AM ET)
Today's Range
$13.52
Now: $13.67
$13.75
50-Day Range
$13.15
MA: $13.70
$14.48
52-Week Range
$12.19
Now: $13.67
$15.56
Volume444,507 shs
Average Volume357,648 shs
Market Capitalization$806.67 million
P/E Ratio7.90
Dividend Yield10.95%
Beta0.88
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. Read More…

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$2.88 per share
Book Value$16.99 per share

Profitability

Net Income$39.12 million

Miscellaneous

EmployeesN/A
Market Cap$806.67 million
Next Earnings Date2/25/2020 (Estimated)
OptionableOptionable

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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, November 4th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.37 per share on Friday, January 17th. This represents a $1.48 annualized dividend and a yield of 10.83%. The ex-dividend date is Monday, December 30th. View TCG BDC's Dividend History.

How were TCG BDC's earnings last quarter?

TCG BDC Inc (NASDAQ:CGBD) issued its quarterly earnings results on Wednesday, November, 6th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.02. The firm had revenue of $55.78 million for the quarter, compared to the consensus estimate of $53.96 million. TCG BDC had a return on equity of 10.82% and a net margin of 14.87%. TCG BDC's revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 EPS. 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, February 25th 2020. View Earnings Estimates for TCG BDC.

What price target have analysts set for CGBD?

2 equities research analysts have issued twelve-month price targets for TCG BDC's stock. Their forecasts range from $15.00 to $15.50. On average, they anticipate TCG BDC's stock price to reach $15.25 in the next twelve months. This suggests a possible upside of 11.6% from the stock's current price. View Analyst Price Targets for TCG BDC.

What is the consensus analysts' recommendation for TCG BDC?

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

Has TCG BDC been receiving favorable news coverage?

Media stories about CGBD stock have been trending negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. TCG BDC earned a daily sentiment score of -2.7 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for TCG BDC.

Are investors shorting TCG BDC?

TCG BDC saw a increase in short interest in November. As of November 15th, there was short interest totalling 463,600 shares, an increase of 22.3% from the October 31st total of 379,200 shares. Based on an average trading volume of 294,500 shares, the short-interest ratio is currently 1.6 days. Currently, 0.8% of the shares of the company are short sold. View TCG BDC's Current Options Chain.

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 (IPO) 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 investors include Sageworth Trust Co (1.41%), First Trust Advisors LP (0.29%), Stifel Financial Corp (0.16%), Jag Capital Management LLC (0.12%), Commonwealth Equity Services LLC (0.03%) and CFO4Life Group LLC (0.03%). 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 Sageworth Trust Co and Voloridge Investment Management LLC. 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 First Trust Advisors LP, Stifel Financial Corp, CFO4Life Group LLC, Round Table Services LLC, Envestnet Asset Management Inc., Homrich & Berg, Jag Capital Management LLC and Keybank National Association OH. 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, Robinhood, Fidelity and Charles Schwab.

What is TCG BDC's stock price today?

One share of CGBD stock can currently be purchased for approximately $13.67.

How big of a company is TCG BDC?

TCG BDC has a market capitalization of $806.67 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. View Additional Information About TCG BDC.

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:  2.3 out of 5 (star star)
Outperform Votes:  162 (Vote Outperform)
Underperform Votes:  185 (Vote Underperform)
Total Votes:  347
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 12/15/2019 by MarketBeat.com Staff

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