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

TCG BDC's stock was trading at $11.31 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CGBD shares have decreased by 51.9% and is now trading at $5.44. View which stocks have been mosted impacted by Coronavirus.

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

TCG BDC is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for TCG BDC.

TCG BDC Inc (NASDAQ:CGBD) posted its earnings results on Tuesday, February, 25th. The company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. The business earned $53.47 million during the quarter, compared to analysts' expectations of $55.10 million. TCG BDC had a return on equity of 10.71% and a net margin of 27.71%. During the same period in the prior year, the firm earned $0.47 EPS. View TCG BDC's earnings history.

TCG BDC declared a quarterly dividend on Monday, February 24th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.37 per share on Friday, April 17th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 27.21%. The ex-dividend date is Monday, March 30th. View TCG BDC's dividend history.

2 equities research analysts have issued 12 month target prices for TCG BDC's stock. Their forecasts range from $9.25 to $15.00. On average, they anticipate TCG BDC's stock price to reach $12.13 in the next twelve months. This suggests a possible upside of 122.9% from the stock's current price. View analysts' price targets for TCG BDC.

News articles about CGBD stock have trended very positive recently, according to InfoTrie Sentiment. The research firm rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. TCG BDC earned a coverage optimism score of 3.2 on InfoTrie's scale. They also assigned headlines 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 near term. View the latest news aboutTCG BDC.

TCG BDC saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 653,700 shares, an increase of 56.9% from the February 27th total of 416,600 shares. Based on an average daily trading volume, of 511,200 shares, the short-interest ratio is currently 1.3 days. Currently, 1.2% of the shares of the company are short sold. View TCG BDC's Current Options Chain.

Some companies that are related to TCG BDC include Loomis (LOIMF), TOKUYAMA CORP/ADR (TKYMY), AMS AG/ADR (AMSSY), Clinigen Group (CLIGF), BPOST SA/ADR (BPOSY), OUTOKUMPU OYJ/ADR (OUTKY), Pharma Mar (PHMMF), JAPAN STL WORKS/ADR (JPSWY), FIRSTGROUP/ADR (FGROY), FIH MOBILE LTD/ADR (FXCNY), Zealand Pharma Aktieselskabet (ZLDPF), PETROFAC LTD/ADR (POFCY), Paypoint (PYPTF), Jungheinrich (JGHAF) and Morgan Advanced Materials (MCRUF).

Based on aggregate information from My MarketBeat watchlists, some companies that other TCG BDC investors own include Hercules Capital (HTGC), Energy Transfer LP Unit (ET), Ares Capital (ARCC), New Residential Investment (NRZ), ANNALY CAP MGMT/SH (NLY), AGNC Investment (AGNC), Triplepoint Venture Growth BDC (TPVG), THL Credit (TCRD), Two Harbors Investment (TWO) and Oxford Lane Capital (OXLC).

(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.

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

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.

One share of CGBD stock can currently be purchased for approximately $5.44.

TCG BDC has a market capitalization of $311.06 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.  View additional information about TCG BDC.

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

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]