TCG BDC Stock Price, News & Analysis (NASDAQ:CGBD)

$14.90
+0.01 (+0.07 %)
(As of 09/22/2019 04:00 PM ET)
Today's Range
$14.87
Now: $14.90
$15.02
50-Day Range
$13.43
MA: $14.37
$15.07
52-Week Range
$12.19
Now: $14.90
$17.30
Volume318,959 shs
Average Volume272,512 shs
Market Capitalization$890.42 million
P/E Ratio8.61
Dividend Yield9.94%
Beta0.93
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. Read More…

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$207.53 million
Cash Flow$2.8489 per share
Book Value$16.99 per share

Profitability

Net Income$39.12 million

Miscellaneous

EmployeesN/A
Market Cap$890.42 million
Next Earnings Date11/5/2019 (Estimated)
OptionableOptionable

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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 Monday, August 5th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.37 per share on Thursday, October 17th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.93%. The ex-dividend date is Friday, September 27th. View TCG BDC's Dividend History.

How were TCG BDC's earnings last quarter?

TCG BDC Inc (NASDAQ:CGBD) posted its quarterly earnings data on Tuesday, August, 6th. The company reported $0.46 EPS for the quarter, topping the Zacks' consensus estimate of $0.44 by $0.02. The firm had revenue of $56.87 million for the quarter, compared to the consensus estimate of $57.06 million. TCG BDC had a net margin of 22.04% and a return on equity of 10.40%. During the same period last year, the company earned $0.45 earnings per share. 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, November 5th 2019. View Earnings Estimates for TCG BDC.

What price target have analysts set for CGBD?

3 brokers have issued 12-month price targets for TCG BDC's shares. Their forecasts range from $15.00 to $16.00. On average, they anticipate TCG BDC's stock price to reach $15.50 in the next year. This suggests a possible upside of 4.0% from the stock's current price. View Analyst Price Targets for TCG BDC.

What is the consensus analysts' recommendation for TCG BDC?

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

Has TCG BDC been receiving favorable news coverage?

Media coverage about CGBD stock has been trending somewhat negative on Sunday, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive news 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 nearest to five being the most favorable. TCG BDC earned a news sentiment score of -1.3 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for TCG BDC.

Are investors shorting TCG BDC?

TCG BDC saw a increase in short interest in August. As of August 15th, there was short interest totalling 392,100 shares, an increase of 12.7% from the July 15th total of 347,900 shares. Based on an average daily trading volume, of 400,500 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.7% of the shares of the company 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 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 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.

Who are TCG BDC's major shareholders?

TCG BDC's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include HighTower Advisors LLC (4.51%), Morgan Stanley (3.38%), PagnatoKarp Partners LLC (2.54%), Sageworth Trust Co (2.32%), UBS Group AG (1.22%) and Van ECK Associates Corp (0.89%). 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 institutional investors are selling TCG BDC stock?

CGBD stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, First Trust Advisors LP, Newport Trust Co, Invesco Ltd., Cubist Systematic Strategies LLC, Wells Fargo & Company MN, Trexquant Investment LP and Royal Bank of Canada. View Insider Buying and Selling for TCG BDC.

Which institutional investors are buying TCG BDC stock?

CGBD stock was purchased by a variety of institutional investors in the last quarter, including HighTower Advisors LLC, PagnatoKarp Partners LLC, Morgan Stanley, Sageworth Trust Co, D. E. Shaw & Co. Inc., Virtus ETF Advisers LLC, Novare Capital Management LLC and Mckinley Capital Management LLC Delaware. 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, Robinhood, Fidelity and Charles Schwab.

What is TCG BDC's stock price today?

One share of CGBD stock can currently be purchased for approximately $14.90.

How big of a company is TCG BDC?

TCG BDC has a market capitalization of $890.42 million and generates $207.53 million in revenue each year. The company earns $39.12 million in net income (profit) each year or $1.73 on an earnings per share basis. View Additional Information About TCG BDC.

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:  2.4 out of 5 (star star)
Outperform Votes:  155 (Vote Outperform)
Underperform Votes:  164 (Vote Underperform)
Total Votes:  319
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 9/22/2019 by MarketBeat.com Staff

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