TCG BDC Stock Forecast, Price & News

TCG BDC's stock was trading at $11.31 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CGBD stock has decreased by 27.3% and is now trading at $8.22.
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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.

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

TCG BDC Inc (NASDAQ:CGBD) released its quarterly earnings results on Tuesday, August, 4th. The company reported $0.38 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 the consensus estimate of $33.37 million. TCG BDC had a positive return on equity of 10.97% and a negative net margin of 23.24%.
View TCG BDC's earnings history.

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

4 brokers have issued 12-month price objectives for TCG BDC's shares. Their forecasts range from $8.50 to $10.00. On average, they anticipate TCG BDC's stock price to reach $9.00 in the next twelve months. This suggests a possible upside of 9.5% from the stock's current price.
View analysts' price targets for TCG BDC.

TCG BDC saw a drop in short interest in October. As of October 15th, there was short interest totaling 129,000 shares, a drop of 68.2% from the September 30th total of 405,200 shares. Based on an average trading volume of 233,400 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the shares of the company are short sold.
View TCG BDC's Short Interest.

Some companies that are related to TCG BDC include Flughafen Wien Aktiengesellschaft (VIAAY), Saipem (SAPMF), KUKA Aktiengesellschaft (KUKAY), Loomis (LOIMF), TOKUYAMA CORP/ADR (TKYMY), Hochschild Mining (HCHDF), SSP Group (SSPPF), Acacia Mining (ABGLF), BR Malls Participações (BRMSY), Konica Minolta (KNCAY), The Japan Steel Works (JPSWY), Alacer Gold (DPMLF), Zealand Pharma Aktieselskabet (ZLDPF), Lifestyle International (LFSYY) and Schaeffler (SCFLF).
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Based on aggregate information from My MarketBeat watchlists, some companies that other TCG BDC investors own include Energy Transfer (ET), Hercules Capital (HTGC), Ares Capital (ARCC), Annaly Capital Management (NLY), New Residential Investment (NRZ), AGNC Investment (AGNC), Prospect Capital (PSEC), AT&T (T), Triplepoint Venture Growth BDC (TPVG) 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 $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.

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

TCG BDC's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Clear Harbor Asset Management LLC (0.18%), WealthTrust Axiom LLC (0.09%), Stratos Wealth Partners LTD. (0.03%) and Steward Partners Investment Advisory LLC (0.01%). 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.

CGBD stock was purchased by a variety of institutional investors in the last quarter, including Clear Harbor Asset Management LLC, Stratos Wealth Partners LTD., WealthTrust Axiom LLC, and Steward Partners Investment Advisory LLC. 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.

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 $8.22.

TCG BDC has a market capitalization of $462.87 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.

The official website for TCG BDC is 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]