NASDAQ:CGBDTCG BDC Stock Price, Forecast & News

TCG BDC's stock was trading at $11.31 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CGBD stock has decreased by 16.8% and is now trading at $9.41. View which stocks have been most impacted by Coronavirus.

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.

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

TCG BDC Inc (NASDAQ:CGBD) issued its quarterly earnings results on Tuesday, May, 5th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.03. The business earned $38.37 million during the quarter, compared to the consensus estimate of $37.29 million. TCG BDC had a negative net margin of 43.15% and a positive return on equity of 11.07%. View TCG BDC's earnings history.

TCG BDC declared a quarterly dividend on Thursday, May 7th. Investors of record on Tuesday, June 30th will be given a dividend of $0.37 per share on Friday, July 17th. This represents a $1.48 annualized dividend and a dividend yield of 15.73%. The ex-dividend date is Monday, June 29th. View TCG BDC's dividend history.

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

4 Wall Street analysts have issued 12-month price objectives for TCG BDC's shares. Their forecasts range from $8.25 to $9.00. On average, they expect TCG BDC's stock price to reach $8.56 in the next twelve months. This suggests that the stock has a possible downside of 9.0%. View analysts' price targets for TCG BDC.

Media coverage about CGBD stock has been trending somewhat negative recently, InfoTrie reports. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog 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 news sentiment score of -1.0 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutTCG BDC.

TCG BDC saw a drop in short interest in 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 days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the shares of the stock are short sold. View TCG BDC's Current Options Chain.

Some companies that are related to TCG BDC include DOMINOS PIZZA U/ADR (DPUKY), Grafton Group (GROUF), G4S/ADR (GFSZY), Udg Healthcare (UDHCF), KONICA MINOLTA/ADR (KNCAY), Mediaset (MDIUY), Flughafen Wien (VIAAY), COMPANHIA ENERG/S (CESDY), BR Malls Participacoes (BRMSY), WOOLWORTHS HOLD/GDR (WLWHY), WILLIAM HILL PL/ADR (WIMHY), INDRA SISTEMAS/ADR (ISMAY), TOKUYAMA CORP/ADR (TKYMY), Pharma Mar (PHMMF) and AMS AG/ADR (AMSSY). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other TCG BDC investors own include Hercules Capital (HTGC), Energy Transfer LP Unit (ET), Ares Capital (ARCC), New Residential Investment (NRZ), ANNALY CAP MGMT/SH (NLY), AGNC Investment (AGNC), Triplepoint Venture Growth BDC (TPVG), THL Credit (TCRD), NGL Energy Partners (NGL) 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 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 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 retail and institutional investors. Top institutional investors 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.

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.

CGBD stock was bought 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.

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 $9.41.

TCG BDC has a market capitalization of $529.88 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]