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

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$14.44 -0.25 (-1.70 %)
(As of 01/22/2019 04:00 PM ET)
Previous Close$14.69
Today's Range$14.38 - $14.70
52-Week Range$12.19 - $18.50
Volume192,416 shs
Average Volume304,637 shs
Market Capitalization$903.50 million
P/E Ratio8.30
Dividend Yield10.18%
Beta0.6
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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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$165 million
Cash Flow$1.4115 per share
Book Value$18.12 per share

Profitability

Net Income$84.20 million

Miscellaneous

EmployeesN/A
Market Cap$903.50 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 announced a quarterly dividend on Wednesday, November 7th. Investors of record on Friday, December 28th will be given a dividend of $0.37 per share on Thursday, January 17th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.25%. 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) announced its earnings results on Wednesday, November, 7th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.01. The business earned $51.28 million during the quarter, compared to the consensus estimate of $49.12 million. TCG BDC had a return on equity of 9.41% and a net margin of 33.51%. The firm's quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 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 26th 2019. View Earnings Estimates for TCG BDC.

How can I listen to TCG BDC's earnings call?

TCG BDC will be holding an earnings conference call on Wednesday, February 27th at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8663944623.

What price target have analysts set for CGBD?

4 analysts have issued 12-month price objectives for TCG BDC's shares. Their forecasts range from $15.50 to $19.00. On average, they anticipate TCG BDC's share price to reach $16.8333 in the next twelve months. This suggests a possible upside of 16.6% 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 1 hold rating and 3 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?

News stories about CGBD stock have been trending very positive this week, InfoTrie reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. TCG BDC earned a media sentiment score of 3.2 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

Who are some of TCG BDC's key competitors?

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 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 (1.78%), Virtu Financial LLC (0.04%) and Joel Isaacson & Co. LLC (0.02%). 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 buying TCG BDC stock?

CGBD stock was purchased by a variety of institutional investors in the last quarter, including Sageworth Trust Co, Virtu Financial LLC and Joel Isaacson & Co. LLC. 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, Scottrade, Fidelity and Charles Schwab.

What is TCG BDC's stock price today?

One share of CGBD stock can currently be purchased for approximately $14.44.

How big of a company is TCG BDC?

TCG BDC has a market capitalization of $903.51 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?

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:  2.5 out of 5 (star star half star)
Outperform Votes:  118 (Vote Outperform)
Underperform Votes:  119 (Vote Underperform)
Total Votes:  237
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 1/22/2019 by MarketBeat.com Staff

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