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

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$14.92 +0.06 (+0.40 %)
(As of 02/18/2019 04:00 PM ET)
Previous Close$14.86
Today's Range$14.87 - $15.08
52-Week Range$12.19 - $18.41
Volume136,052 shs
Average Volume305,614 shs
Market Capitalization$933.53 million
P/E Ratio8.57
Dividend Yield9.96%
Beta1.02
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$1.4443 per share
Book Value$18.12 per share

Profitability

Net Income$84.20 million

Miscellaneous

EmployeesN/A
Market Cap$933.53 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 paid a dividend of $0.37 per share on Thursday, January 17th. This represents a $1.48 dividend on an annualized basis and a yield of 9.92%. 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) issued its quarterly earnings data on Wednesday, November, 7th. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.01. The company had revenue of $51.28 million for the quarter, compared to analysts' expectations of $49.12 million. TCG BDC had a return on equity of 9.41% and a net margin of 33.51%. The business's quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the previous 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, 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 brokerages have issued twelve-month target prices for TCG BDC's shares. Their predictions range from $15.50 to $19.00. On average, they anticipate TCG BDC's share price to reach $16.8333 in the next year. This suggests a possible upside of 12.8% 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?

Headlines about CGBD stock have been trending positive recently, InfoTrie Sentiment reports. InfoTrie rates the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. TCG BDC earned a media sentiment score of 2.3 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 6.0 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the company's share price in the next few days.

Are investors shorting TCG BDC?

TCG BDC saw a decline in short interest in January. As of January 31st, there was short interest totalling 524,664 shares, a decline of 44.5% from the January 15th total of 945,962 shares. Based on an average daily trading volume, of 237,950 shares, the days-to-cover ratio is currently 2.2 days. Currently, 0.9% 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?

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 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 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 retail and institutional investors. Top institutional shareholders include Suntrust Banks Inc. (1.88%), Sageworth Trust Co (1.78%), Newport Trust Co (1.69%), PagnatoKarp Partners LLC (1.57%), Van ECK Associates Corp (0.77%) and BlackRock Inc. (0.46%). 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 PagnatoKarp Partners LLC, Sumitomo Mitsui Asset Management Company LTD, BlackRock Inc., Van ECK Associates Corp and Mckinley Capital Management LLC Delaware. View Insider Buying and Selling 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 Sageworth Trust Co, Suntrust Banks Inc., Newport Trust Co, Millennium Management LLC, Two Sigma Investments LP, First Trust Advisors LP, Southside Capital LLC and West Family Investments Inc.. 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 $14.92.

How big of a company is TCG BDC?

TCG BDC has a market capitalization of $933.53 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:  125 (Vote Outperform)
Underperform Votes:  126 (Vote Underperform)
Total Votes:  251
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 2/18/2019 by MarketBeat.com Staff

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