NASDAQ:CGBD - Tcg Bdc Stock Price, Price Target & More

$17.79 -0.02 (-0.11 %)
(As of 04/22/2018 04:00 PM ET)
Previous Close$17.79
Today's Range$17.72 - $17.91
52-Week Range$16.76 - $20.30
Volume51,051 shs
Average Volume93,056 shs
Market Capitalization$1.11 billion
P/E Ratio10.22
Dividend Yield8.32%
BetaN/A

About Tcg Bdc (NASDAQ:CGBD)

Tcg Bdc logoTCG BDC, Inc., formerly Carlyle GMS Finance, Inc., is a managed and non-diversified closed-end investment company. The Company is focused on lending to middle market companies. The Company's investment objective is to generate current income and capital appreciation primarily through debt investments in the United States and middle market companies. The Company seeks to achieve its investment objective primarily through direct originations of secured debt, including first lien senior secured loans and second lien senior secured loans. The Company's first lien senior secured loans include stand-alone first lien loans, first lien/last out loans, and unitranche loans. Second lien senior secured loans (Middle Market Senior Loans), with the balance of its assets invested yielding in higher investments include unsecured debt, mezzanine debt and investments in equities. The Company's investment adviser is Carlyle GMS Investment Management L.L.C.

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Industry, Sector and Symbol

Industry Private households
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:CGBD
CUSIPN/A
Webtcgbdc.com
Phone212-813-4900

Debt

Debt-to-Equity Ratio0.74%
Current Ratio0.53%
Quick Ratio0.53%

Price-To-Earnings

Trailing P/E Ratio10.22
Forward P/E Ratio10.98
P/E Growth5.48

Sales & Book Value

Annual Sales$165 million
Price / Sales6.75
Cash Flow$1.4370 per share
Price / Cash12.38
Book Value$18.12 per share
Price / Book0.98

Profitability

EPS (Most Recent Fiscal Year)$1.74
Net Income$84.20 million
Net Margins51.03%
Return on Equity8.93%
Return on Assets5.08%

Miscellaneous

EmployeesN/A
Outstanding Shares62,570,000

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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 Wednesday, February 28th. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.37 per share on Tuesday, April 17th. This represents a $1.48 annualized dividend and a yield of 8.32%. The ex-dividend date is Wednesday, March 28th. View Tcg Bdc's Dividend History.

How were Tcg Bdc's earnings last quarter?

Tcg Bdc (NASDAQ:CGBD) issued its earnings results on Tuesday, February, 27th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. The company had revenue of $49.51 million for the quarter, compared to analyst estimates of $46.10 million. Tcg Bdc had a net margin of 51.03% and a return on equity of 8.93%. View Tcg Bdc's Earnings History.

What price target have analysts set for CGBD?

5 analysts have issued 12-month price targets for Tcg Bdc's stock. Their predictions range from $18.50 to $20.00. On average, they anticipate Tcg Bdc's stock price to reach $19.1250 in the next year. View Analyst Ratings for Tcg Bdc.

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:
  • Michael A. Hart, Chairman of the Board, Chief Executive Officer (Age 55)
  • Jeffrey S. Levin, President (Age 36)
  • Venugopal Rathi, Chief Financial Officer, Treasurer (Age 37)
  • Orit Mizrachi, Chief Operating Officer (Age 44)
  • Leslie E. Bradford, Independent Director

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 acted as the underwriters for the IPO and HSBC and Mizuho Securities were co-managers.

Has Tcg Bdc been receiving favorable news coverage?

News stories about CGBD stock have been trending somewhat positive recently, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tcg Bdc earned a daily sentiment score of 0.15 on Accern's scale. They also assigned news coverage about the company an impact score of 45.30 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.

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 $17.79.

How big of a company is Tcg Bdc?

Tcg Bdc has a market capitalization of $1.11 billion 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.

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.


MarketBeat Community Rating for Tcg Bdc (CGBD)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  57 (Vote Outperform)
Underperform Votes:  47 (Vote Underperform)
Total Votes:  104
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.

Analyst Ratings

Tcg Bdc (NASDAQ:CGBD) Price Target and Consensus Rating

  (How are Consensus Ratings Calculated?)
5 Wall Street analysts have issued ratings and price targets for Tcg Bdc in the last 12 months. Their average twelve-month price target is $19.1250, suggesting that the stock has a possible upside of 7.50%. The high price target for CGBD is $20.00 and the low price target for CGBD is $18.50. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus rating of "Buy."
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: BuyBuyBuyBuy
Consensus Rating Score: 2.803.003.003.00
Ratings Breakdown: 0 Sell Rating(s)
1 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)		0 Sell Rating(s)
0 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)		0 Sell Rating(s)
0 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)		0 Sell Rating(s)
0 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $19.1250$19.1250$19.1250$19.1250
Price Target Upside: 7.50% upside1.89% upside1.89% upside1.89% upside

Tcg Bdc (NASDAQ:CGBD) Consensus Price Target History

Price Target History for Tcg Bdc (NASDAQ:CGBD)

Tcg Bdc (NASDAQ:CGBD) Analyst Ratings History

Show:
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
4/11/2018JPMorgan ChaseDowngradeOverweight -> Neutral$19.00MediumView Rating Details
3/28/2018CitigroupInitiated CoverageBuyHighView Rating Details
10/6/2017Keefe, Bruyette & WoodsReiterated RatingBuy$20.00N/AView Rating Details
7/10/2017Bank of AmericaInitiated CoverageBuy -> Buy$19.00LowView Rating Details
7/10/2017Wells FargoInitiated CoverageOutperform -> Outperform$18.50LowView Rating Details
(Data available from 4/22/2016 forward)

Earnings

Tcg Bdc (NASDAQ:CGBD) Earnings History and Estimates Chart

Earnings by Quarter for Tcg Bdc (NASDAQ:CGBD)

Tcg Bdc (NASDAQ:CGBD) Earnings Estimates

Current Year EPS Consensus Estimate: $1.62 EPS
Next Year EPS Consensus Estimate: $1.7 EPS

Tcg Bdc (NASDAQ CGBD) Earnings History by Quarter

DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/27/2018Q4 2017$0.3980$0.43$46.10 million$49.51 millionViewN/AView Earnings Details
11/7/2017Q3 2017$0.4080$0.41$43.50 million$42.65 millionViewN/AView Earnings Details
8/8/2017Q2 2017$0.36$0.47$34.94 million$38.74 millionViewN/AView Earnings Details
5/10/2017Q1 2017$0.46$34.10 millionViewN/AView Earnings Details
(Earnings results data provided by Zacks Investment Research)

Dividends

Tcg Bdc (NASDAQ:CGBD) Dividend Information

Tcg Bdc pays an annual dividend of $1.48 per share, with a dividend yield of 8.32%. CGBD's most recent quarterly dividend payment was Tuesday, April 17. Tcg Bdc pays out 85.06% of its earnings out as a dividend.
Most Recent Dividend:4/17/2018
Annual Dividend:$1.48
Dividend Yield:8.32%
Payout Ratio:85.06% (Trailing 12 Months of Earnings)
91.36% (Based on This Year's Estimates)
87.06% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Tcg Bdc (NASDAQ:CGBD)

Tcg Bdc (NASDAQ:CGBD) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
2/28/2018quarterly$0.378.57%3/28/20183/29/20184/17/2018
11/8/2017quarterly$0.378.15%12/28/201712/29/20171/17/2018
8/10/2017quarterly$0.378.05%9/28/20179/29/201710/18/2017
6/21/2017Quarterly$0.376/28/20176/30/20177/18/2017
(Data available from 1/1/2013 forward)

Insider Trades

Tcg Bdc (NASDAQ CGBD) Insider Trading and Institutional Ownership History

Insider Ownership Percentage: 0.10%
Institutional Ownership Percentage: 13.86%
Insider Trading History for Tcg Bdc (NASDAQ:CGBD)
Institutional Ownership by Quarter for Tcg Bdc (NASDAQ:CGBD)

Tcg Bdc (NASDAQ CGBD) Insider Trading History

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
12/5/2017John G NestorDirectorBuy10,000$18.55$185,500.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Tcg Bdc (NASDAQ CGBD) News Headlines

Source:
DateHeadline
Tcg Bdc (CGBD) Given Average Rating of "Buy" by AnalystsTcg Bdc (CGBD) Given Average Rating of "Buy" by Analysts
www.americanbankingnews.com - April 22 at 9:32 AM
Tcg Bdc (CGBD) Receives New Coverage from Analysts at Wells FargoTcg Bdc (CGBD) Receives New Coverage from Analysts at Wells Fargo
www.americanbankingnews.com - April 19 at 6:57 PM
Tcg Bdc (CGBD) Coverage Initiated by Analysts at Keefe, Bruyette & WoodsTcg Bdc (CGBD) Coverage Initiated by Analysts at Keefe, Bruyette & Woods
www.americanbankingnews.com - April 19 at 6:57 PM
Tcg Bdc (CGBD) Now Covered by JPMorgan ChaseTcg Bdc (CGBD) Now Covered by JPMorgan Chase
www.americanbankingnews.com - April 19 at 6:57 PM
Tcg Bdc (CGBD) Stock Rating Lowered by JPMorgan ChaseTcg Bdc (CGBD) Stock Rating Lowered by JPMorgan Chase
www.americanbankingnews.com - April 11 at 8:59 AM
Analyzing TCG BDC (CGBD) & Its RivalsAnalyzing TCG BDC (CGBD) & Its Rivals
www.americanbankingnews.com - March 30 at 9:35 AM
Critical Analysis: TCG BDC (CGBD) & Its PeersCritical Analysis: TCG BDC (CGBD) & Its Peers
www.americanbankingnews.com - March 29 at 5:27 AM
TCG BDC (CGBD) Now Covered by Analysts at CitigroupTCG BDC (CGBD) Now Covered by Analysts at Citigroup
www.americanbankingnews.com - March 28 at 11:11 AM
TCG BDC Inc (CGBD) Given Consensus Recommendation of "Buy" by BrokeragesTCG BDC Inc (CGBD) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - March 28 at 10:18 AM
Brokerages Anticipate TCG BDC Inc (CGBD) to Post $0.40 EPSBrokerages Anticipate TCG BDC Inc (CGBD) to Post $0.40 EPS
www.americanbankingnews.com - March 25 at 7:40 AM
BDCs win leverage cap increase after US$1.3trn budget signedBDCs win leverage cap increase after US$1.3trn budget signed
www.reuters.com - March 23 at 4:03 PM
Zacks: TCG BDC Inc (CGBD) Receives Average Rating of "Strong Buy" from AnalystsZacks: TCG BDC Inc (CGBD) Receives Average Rating of "Strong Buy" from Analysts
www.americanbankingnews.com - March 19 at 1:52 AM
BRIEF-Tcg Bdc Says ‍On March 14, Board Appointed Thomas Hennigan To Succeed Venugopal Rathi As Cos CFOBRIEF-Tcg Bdc Says ‍On March 14, Board Appointed Thomas Hennigan To Succeed Venugopal Rathi As Co's CFO
www.reuters.com - March 16 at 5:02 PM
Zacks: TCG BDC, Inc. (CGBD) Given Consensus Rating of "Strong Buy" by BrokeragesZacks: TCG BDC, Inc. (CGBD) Given Consensus Rating of "Strong Buy" by Brokerages
www.americanbankingnews.com - March 4 at 12:04 PM
Arrowstreet Capital Limited Partnership Grows Position in TCG BDC, Inc. (CGBD)Arrowstreet Capital Limited Partnership Grows Position in TCG BDC, Inc. (CGBD)
www.americanbankingnews.com - March 4 at 4:32 AM
Suntrust Banks Inc. Buys New Stake in TCG BDC, Inc. (CGBD)Suntrust Banks Inc. Buys New Stake in TCG BDC, Inc. (CGBD)
www.americanbankingnews.com - March 3 at 9:54 AM
TCG BDC (CGBD) Issues Earnings Results, Beats Estimates By $0.03 EPSTCG BDC (CGBD) Issues Earnings Results, Beats Estimates By $0.03 EPS
www.americanbankingnews.com - March 1 at 11:06 AM
TCG BDC, Inc. Plans Quarterly Dividend of $0.37 (CGBD)TCG BDC, Inc. Plans Quarterly Dividend of $0.37 (CGBD)
www.americanbankingnews.com - February 28 at 5:36 PM
TCG BDC, Inc. Announces Fourth Quarter 2017 Financial Results and Declares First Quarter 2018 Dividend of $0.37 Per ShareTCG BDC, Inc. Announces Fourth Quarter 2017 Financial Results and Declares First Quarter 2018 Dividend of $0.37 Per Share
finance.yahoo.com - February 27 at 4:47 PM
West Family Investments Inc. Sells 133,100 Shares of TCG BDC, Inc. (CGBD)West Family Investments Inc. Sells 133,100 Shares of TCG BDC, Inc. (CGBD)
www.americanbankingnews.com - February 26 at 11:26 AM
Analysts Set $19.13 Price Target for TCG BDC, Inc. (CGBD) Analysts Set $19.13 Price Target for TCG BDC, Inc. (CGBD)
www.americanbankingnews.com - February 17 at 11:18 PM
TCG BDC, Inc. (CGBD) Receives Consensus Recommendation of "Strong Buy" from Analysts TCG BDC, Inc. (CGBD) Receives Consensus Recommendation of "Strong Buy" from Analysts
www.americanbankingnews.com - February 12 at 9:40 PM
TCG BDC (CGBD) Stock Rating Upgraded by Zacks Investment ResearchTCG BDC (CGBD) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - February 11 at 7:30 PM
Zacks: TCG BDC, Inc. (CGBD) Given $19.25 Consensus Target Price by BrokeragesZacks: TCG BDC, Inc. (CGBD) Given $19.25 Consensus Target Price by Brokerages
www.americanbankingnews.com - February 6 at 3:34 AM
Zacks: TCG BDC, Inc. (CGBD) Receives Average Recommendation of "Strong Buy" from AnalystsZacks: TCG BDC, Inc. (CGBD) Receives Average Recommendation of "Strong Buy" from Analysts
www.americanbankingnews.com - February 2 at 5:32 AM
TCG BDC, Inc. (CGBD) Receives Average Rating of "Strong Buy" from Analysts TCG BDC, Inc. (CGBD) Receives Average Rating of "Strong Buy" from Analysts
www.americanbankingnews.com - January 25 at 1:47 PM
TCG BDC (CGBD) Downgraded by Zacks Investment Research to SellTCG BDC (CGBD) Downgraded by Zacks Investment Research to Sell
www.americanbankingnews.com - January 12 at 7:26 PM
Zacks: TCG BDC, Inc. (CGBD) Given $19.25 Consensus Target Price by AnalystsZacks: TCG BDC, Inc. (CGBD) Given $19.25 Consensus Target Price by Analysts
www.americanbankingnews.com - January 10 at 1:44 AM
Comparing INTL Fcstone (INTL) & TCG BDC (CGBD)Comparing INTL Fcstone (INTL) & TCG BDC (CGBD)
www.americanbankingnews.com - January 1 at 11:24 AM
Financial Analysis: INTL Fcstone (INTL) and TCG BDC (CGBD)Financial Analysis: INTL Fcstone (INTL) and TCG BDC (CGBD)
www.americanbankingnews.com - December 31 at 3:28 PM
TCG BDC, Inc. (CGBD) Receives Average Recommendation of "Strong Buy" from Brokerages TCG BDC, Inc. (CGBD) Receives Average Recommendation of "Strong Buy" from Brokerages
www.americanbankingnews.com - December 26 at 9:22 AM
Zacks: TCG BDC, Inc. (CGBD) Given $19.25 Consensus Price Target by AnalystsZacks: TCG BDC, Inc. (CGBD) Given $19.25 Consensus Price Target by Analysts
www.americanbankingnews.com - December 11 at 1:26 AM
TCG BDC, Inc. (CGBD) Director Acquires $185,500.00 in StockTCG BDC, Inc. (CGBD) Director Acquires $185,500.00 in Stock
www.americanbankingnews.com - December 6 at 5:46 PM
Federal Agricultural Mortgage (AGM.A) and TCG BDC (CGBD) Critical SurveyFederal Agricultural Mortgage (AGM.A) and TCG BDC (CGBD) Critical Survey
www.americanbankingnews.com - November 29 at 7:26 PM
Federal Agricultural Mortgage (AGM.A) & TCG BDC (CGBD) Head-To-Head SurveyFederal Agricultural Mortgage (AGM.A) & TCG BDC (CGBD) Head-To-Head Survey
www.americanbankingnews.com - November 26 at 11:30 PM
Zacks: TCG BDC, Inc. (CGBD) Given $19.25 Average Price Target by BrokeragesZacks: TCG BDC, Inc. (CGBD) Given $19.25 Average Price Target by Brokerages
www.americanbankingnews.com - November 26 at 9:34 AM
Zacks: TCG BDC, Inc. (CGBD) Receives Consensus Rating of "Strong Buy" from AnalystsZacks: TCG BDC, Inc. (CGBD) Receives Consensus Rating of "Strong Buy" from Analysts
www.americanbankingnews.com - November 20 at 9:00 AM
Reviewing Federal Agricultural Mortgage Corp. (AGM.A) & TCG BDC (CGBD)Reviewing Federal Agricultural Mortgage Corp. (AGM.A) & TCG BDC (CGBD)
www.americanbankingnews.com - November 19 at 3:24 AM
TCG BDC, Inc. (CGBD) Raised to "Hold" at Zacks Investment ResearchTCG BDC, Inc. (CGBD) Raised to "Hold" at Zacks Investment Research
www.americanbankingnews.com - November 13 at 5:55 PM
TCG BDC, Inc. (CGBD) Plans Quarterly Dividend of $0.37TCG BDC, Inc. (CGBD) Plans Quarterly Dividend of $0.37
www.americanbankingnews.com - November 8 at 5:39 PM
TCG BDC, Inc. Announces Third Quarter 2017 Financial Results and Declares Fourth Quarter 2017 Dividend of $0.37 Per ShareTCG BDC, Inc. Announces Third Quarter 2017 Financial Results and Declares Fourth Quarter 2017 Dividend of $0.37 Per Share
finance.yahoo.com - November 7 at 8:08 PM
TCG BDC, Inc. (CGBD) Issues Quarterly Earnings Results, Hits ExpectationsTCG BDC, Inc. (CGBD) Issues Quarterly Earnings Results, Hits Expectations
www.americanbankingnews.com - November 7 at 6:35 PM
Zacks: Analysts Set $19.25 Target Price for TCG BDC, Inc. (CGBD)Zacks: Analysts Set $19.25 Target Price for TCG BDC, Inc. (CGBD)
www.americanbankingnews.com - November 5 at 9:30 PM
Zacks Investment Research Lowers TCG BDC, Inc. (CGBD) to SellZacks Investment Research Lowers TCG BDC, Inc. (CGBD) to Sell
www.americanbankingnews.com - November 3 at 5:54 PM
TCG BDC, Inc. (CGBD) Given $19.25 Consensus Target Price by Brokerages TCG BDC, Inc. (CGBD) Given $19.25 Consensus Target Price by Brokerages
www.americanbankingnews.com - October 20 at 2:46 AM
TCG BDC, Inc. (CGBD) Downgraded to "Hold" at Zacks Investment ResearchTCG BDC, Inc. (CGBD) Downgraded to "Hold" at Zacks Investment Research
www.americanbankingnews.com - October 11 at 5:56 PM
TCG BDC, Inc. Announces Second Quarter 2017 Financial Results and Declares Third Quarter 2017 Dividend of $0.37 Per ShareTCG BDC, Inc. Announces Second Quarter 2017 Financial Results and Declares Third Quarter 2017 Dividend of $0.37 Per Share
finance.yahoo.com - October 9 at 5:47 PM
TCG BDC, Inc. (CGBD) Receives Buy Rating from Keefe, Bruyette & WoodsTCG BDC, Inc. (CGBD) Receives Buy Rating from Keefe, Bruyette & Woods
www.americanbankingnews.com - October 7 at 12:58 AM
Brokerages Set $19.25 Price Target for TCG BDC, Inc. (CGBD) Brokerages Set $19.25 Price Target for TCG BDC, Inc. (CGBD)
www.americanbankingnews.com - October 5 at 12:42 PM
TCG BDC, Inc. (CGBD) Ex-Dividend Date Scheduled for September 28, 2017 - NasdaqTCG BDC, Inc. (CGBD) Ex-Dividend Date Scheduled for September 28, 2017 - Nasdaq
www.nasdaq.com - September 29 at 8:20 AM

SEC Filings

Tcg Bdc (NASDAQ:CGBD) SEC Filings

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Social Media

Financials

Tcg Bdc (NASDAQ:CGBD) Income Statement, Balance Sheet and Cash Flow Statement

Chart

Tcg Bdc (NASDAQ CGBD) Stock Chart for Sunday, April, 22, 2018

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This page was last updated on 4/22/2018 by MarketBeat.com Staff
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