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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Private households
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:CGBD
Previous Symbol
CUSIPN/A
Phone212-813-4900
Debt
Debt-to-Equity Ratio0.91
Current Ratio2.63
Quick Ratio2.63
Price-To-Earnings
Trailing P/E Ratio8.17
Forward P/E Ratio8.51
P/E Growth4.43
Sales & Book Value
Annual Sales$165 million
Price / Sales5.39
Cash Flow$1.3836 per share
Price / Cash Flow10.27
Book Value$18.12 per share
Price / Book0.78
Profitability
EPS (Most Recent Fiscal Year)$1.74
Net Income$84.20 million
Net Margins33.51%
Return on Equity9.41%
Return on Assets5.15%
Miscellaneous
EmployeesN/A
Outstanding Shares62,570,000
Market Cap$922.89 million
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 declared a quarterly dividend on Wednesday, November 7th. Investors of record on Friday, December 28th will be paid a dividend of $0.37 per share on Thursday, January 17th. This represents a $1.48 annualized dividend and a yield of 10.42%. The ex-dividend date of this dividend is Thursday, December 27th. View TCG BDC's Dividend History.
How were TCG BDC's earnings last quarter?
TCG BDC Inc (NASDAQ:CGBD) released its quarterly earnings data on Wednesday, November, 7th. The company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. The company earned $51.28 million during the quarter, compared to analyst estimates of $49.12 million. TCG BDC had a net margin of 33.51% and a return on equity of 9.41%. The firm's revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 earnings per share. View TCG BDC's Earnings History.
When is TCG BDC's next earnings date?
What price target have analysts set for CGBD?
4 equities research analysts have issued 1-year target prices for TCG BDC's shares. Their predictions range from $16.00 to $19.00. On average, they anticipate TCG BDC's stock price to reach $18.00 in the next year. This suggests a possible upside of 26.7% 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.
Has TCG BDC been receiving favorable news coverage?
Press coverage about CGBD stock has trended somewhat positive recently, according to InfoTrie. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. TCG BDC earned a coverage optimism score of 1.1 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the next several days.
Are investors shorting TCG BDC?
TCG BDC saw a decrease in short interest in the month of November. As of November 15th, there was short interest totalling 421,344 shares, a decrease of 46.1% from the October 31st total of 781,813 shares. Based on an average daily volume of 191,358 shares, the short-interest ratio is presently 2.2 days. Approximately 0.7% of the company's stock are short sold. View TCG BDC's Current Options Chain.
Who are some of TCG BDC's key competitors?
Some companies that are related to TCG BDC include Kawasaki Heavy Industries (KWHIY), Shaftesbury (SHABF), G4S/ADR (GFSZY), Mediaset (MDIUY), Renishaw (RNSHF), CASIO COMPUTER/ADR (CSIOY), COBHAM PLC/ADR (CBHMY), HOWDEN JOINERY/ADR (HWDJY), WOOLWORTHS HOLD/GDR (WLWHY), PANALPINA WELTT/ADR (PLWTY), HITACHI CHEM CO/ADR (HCHMY), EVN (EVNVY), Flughafen Wien (VIAAY), Melco International Development (MDEVF) and UNITE Group (UTGPF).
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. Daniel F. Harris, Head of Investor Relations (Age 45)
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 acted 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 many different of institutional and retail investors. Top institutional shareholders include Morgan Stanley (1.92%), Newport Trust Co (1.25%), Muzinich & Co. Inc. (1.23%), Sageworth Trust Co (0.98%), Glenmede Trust Co. NA (0.49%) and BlackRock Inc. (0.49%). Company insiders that own TCG BDC stock include John G Nestor, Michael Anthony Hart and Thomas M Hennigan. 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 Muzinich & Co. Inc., Advisory Research Inc., Sumitomo Mitsui Asset Management Company LTD, Wells Fargo & Company MN and Glenmede Trust Co. NA. 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 Newport Trust Co, Sageworth Trust Co, Morgan Stanley, JPMorgan Chase & Co., JPMorgan Chase & Co., Brown Advisory Inc., HPM Partners LLC and Abbrea Capital LLC. Company insiders that have bought TCG BDC stock in the last two years include John G Nestor, Michael Anthony Hart and Thomas M Hennigan. 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 $14.21.
How big of a company is TCG BDC?
TCG BDC has a market capitalization of $922.89 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?
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)
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.
