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NASDAQ:CGBDTCG BDC Stock Price, Forecast & News

$9.29
+0.24 (+2.65 %)
(As of 06/2/2020 11:27 AM ET)
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Today's Range
$9.00
Now: $9.29
$9.35
50-Day Range
$5.59
MA: $7.52
$9.15
52-Week Range
$4.30
Now: $9.29
$15.56
Volume3,788 shs
Average Volume418,937 shs
Market Capitalization$523.12 million
P/E RatioN/A
Dividend Yield16.61%
Beta2.22
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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TCG BDC logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.1Community Rank: 2.2Dividend Strength: 1.7Insider Behavior: 3.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.72 out of 5 stars


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$221.30 million
Cash Flow$2.04 per share
Book Value$16.21 per share

Profitability

Net Income$61.33 million

Miscellaneous

EmployeesN/A
Market Cap$523.12 million
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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TCG BDC (NASDAQ:CGBD) Frequently Asked Questions

How has TCG BDC's stock been impacted by COVID-19 (Coronavirus)?

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. Since then, CGBD stock has decreased by 17.9% and is now trading at $9.29. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of TCG BDC?

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

When is TCG BDC's next earnings date?

TCG BDC is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for TCG BDC.

How were TCG BDC's earnings last quarter?

TCG BDC Inc (NASDAQ:CGBD) posted its quarterly earnings data on Tuesday, May, 5th. The company reported $0.42 EPS for the quarter, beating the Zacks' consensus estimate of $0.39 by $0.03. The firm earned $38.37 million during the quarter, compared to the consensus estimate of $37.29 million. TCG BDC had a positive return on equity of 11.07% and a negative net margin of 43.15%. View TCG BDC's earnings history.

How often does TCG BDC pay dividends? What is the dividend yield for TCG BDC?

TCG BDC announced a quarterly dividend on Thursday, May 7th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.37 per share on Friday, July 17th. This represents a $1.48 dividend on an annualized basis and a yield of 15.93%. The ex-dividend date is Monday, June 29th. View TCG BDC's dividend history.

What guidance has TCG BDC issued on next quarter's earnings?

TCG BDC updated its first quarter 2020 Pre-Market earnings guidance on Friday, April, 24th. The company provided earnings per share guidance of 0.39-0.42 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.40.

What price target have analysts set for CGBD?

4 brokers have issued 1 year price objectives for TCG BDC's shares. Their forecasts range from $8.25 to $9.00. On average, they expect TCG BDC's share price to reach $8.56 in the next twelve months. This suggests that the stock has a possible downside of 7.8%. View analysts' price targets for TCG BDC.

Has TCG BDC been receiving favorable news coverage?

Media stories about CGBD stock have been trending very positive recently, InfoTrie reports. The research firm rates the sentiment of media coverage by reviewing 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 closest to five being the most favorable. TCG BDC earned a media sentiment score of 3.5 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutTCG BDC.

Are investors shorting TCG BDC?

TCG BDC saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 184,900 shares, a drop of 6.4% from the April 30th total of 197,500 shares. Based on an average daily volume of 674,800 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the company's stock 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 following 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 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.

What is TCG BDC's stock symbol?

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

Who are TCG BDC's major shareholders?

TCG BDC's stock is owned by a number of institutional and retail investors. Top institutional shareholders include HighTower Advisors LLC (4.30%), Morgan Stanley (3.12%), Morgan Stanley (3.12%), Invesco Ltd. (1.41%), Two Sigma Advisers LP (0.87%) and Sumitomo Mitsui Trust Holdings Inc. (0.63%). 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.

Which institutional investors are selling TCG BDC stock?

CGBD stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Two Sigma Investments LP, HighTower Advisors LLC, First Trust Advisors LP, Virtus ETF Advisers LLC, PagnatoKarp Partners LLC, and BlackRock Inc.. View insider buying and selling activity for TCG BDC.

Which institutional investors are buying TCG BDC stock?

CGBD stock was acquired by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Glovista Investments LLC, Radcliffe Capital Management L.P., Wolverine Asset Management LLC, Novare Capital Management LLC, Acadian Asset Management LLC, Two Sigma Advisers LP, and West Family Investments Inc.. 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.

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 $9.29.

How big of a company is TCG BDC?

TCG BDC has a market capitalization of $523.12 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.

What is TCG BDC's official website?

The official website for TCG BDC is 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]

This page was last updated on 6/2/2020 by MarketBeat.com Staff

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