NASDAQ:CGBDTCG BDC Stock Price, Forecast & News

$9.29

+0.24 (+2.65 %)

(As of 06/2/2020 11:27 AM ET)

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Today's Range

$9.00

Now: $9.29▼

$9.35

50-Day Range

$5.59

MA: $7.52▼

$9.15

52-Week Range

$4.30

Now: $9.29▼

$15.56

Volume3,788 shs

Average Volume418,937 shs

Market Capitalization$523.12 million

P/E RatioN/A

Dividend Yield16.61%

Beta2.22

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.

Beat the Market (BTM) Rank^™

1.1 Analyst's Opinion

Consensus Rating
TCG BDC has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 2 buy ratings, 1 hold rating, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $8.56, TCG BDC has a potential downside of 7.8% from its current price of $9.29.
Amount of Analyst Coverage
TCG BDC has only been the subject of 4 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
TCG BDC has received 173 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
TCG BDC has received 213 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
TCG BDC has received 55.18% “underperform” votes from our community.

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.

1.7 Dividend Strength

Dividend Leadership
TCG BDC is a leading dividend payer. It pays a dividend yield of 16.61%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
TCG BDC has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of TCG BDC is 82.68 %. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, TCG BDC will have a dividend payout ratio of 104.23 % in the coming year. This indicates that TCG BDC may not be able to sustain their current dividend.

3.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, TCG BDC insiders have bought more of their company's stock than they have sold. Specifically, they have bought $557,612.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 0.24% of the stock of TCG BDC is held by insiders.
Percentage Held by Institutions
Only 29.72% of the stock of TCG BDC is held by institutions.

0.6 Earnings and Valuation

Earnings Growth
Earnings for TCG BDC are expected to decrease by -4.70% in the coming year, from $1.49 to $1.42 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of TCG BDC is -5.63, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of TCG BDC is -5.63, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
TCG BDC has a P/B Ratio of 0.57. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.72 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Private households

Sub-IndustryN/A

SectorFinance

Current SymbolNASDAQ:CGBD

Previous Symbol

CUSIPN/A

CIK1544206

Webwww.tcgbdc.com

Phone212-813-4900

Debt

Debt-to-Equity Ratio1.58

Current Ratio1.00

Quick Ratio1.00

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio6.23

P/E GrowthN/A

Sales & Book Value

Annual Sales$221.30 million

Price / Sales2.36

Cash Flow$2.04 per share

Price / Cash Flow4.55

Book Value$16.21 per share

Price / Book0.57

Profitability

EPS (Most Recent Fiscal Year)$1.79

Net Income$61.33 million

Net Margins-43.15%

Return on Equity11.07%

Return on Assets4.78%

Miscellaneous

EmployeesN/A

Outstanding Shares56,310,000

Market Cap$523.12 million

Next Earnings Date8/4/2020 (Estimated)

OptionableOptionable

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TCG BDC (NASDAQ:CGBD) Frequently Asked Questions

How has TCG BDC's stock been impacted by COVID-19 (Coronavirus)?

TCG BDC's stock was trading at $11.31 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CGBD stock has decreased by 17.9% and is now trading at $9.29. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of TCG BDC?

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.

When is TCG BDC's next earnings date?

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

How were TCG BDC's earnings last quarter?

TCG BDC Inc (NASDAQ:CGBD) posted its quarterly earnings data on Tuesday, May, 5th. The company reported $0.42 EPS for the quarter, beating the Zacks' consensus estimate of $0.39 by $0.03. The firm earned $38.37 million during the quarter, compared to the consensus estimate of $37.29 million. TCG BDC had a positive return on equity of 11.07% and a negative net margin of 43.15%. View TCG BDC's earnings history.

How often does TCG BDC pay dividends? What is the dividend yield for TCG BDC?

TCG BDC announced a quarterly dividend on Thursday, May 7th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.37 per share on Friday, July 17th. This represents a $1.48 dividend on an annualized basis and a yield of 15.93%. The ex-dividend date is Monday, June 29th. View TCG BDC's dividend history.

What guidance has TCG BDC issued on next quarter's earnings?

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

What price target have analysts set for CGBD?

4 brokers have issued 1 year price objectives for TCG BDC's shares. Their forecasts range from $8.25 to $9.00. On average, they expect TCG BDC's share price to reach $8.56 in the next twelve months. This suggests that the stock has a possible downside of 7.8%. View analysts' price targets for TCG BDC.

Has TCG BDC been receiving favorable news coverage?

Media stories about CGBD stock have been trending very positive recently, InfoTrie reports. The research firm rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. TCG BDC earned a media sentiment score of 3.5 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutTCG BDC.

Are investors shorting TCG BDC?

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

Who are some of TCG BDC's key competitors?

Some companies that are related to TCG BDC include DOMINOS PIZZA U/ADR (DPUKY), Mediaset (MDIUY), COMPANHIA ENERG/S (CESDY), KONICA MINOLTA/ADR (KNCAY), DUFRY AG/ADR (DUFRY), G4S/ADR (GFSZY), BR Malls Participacoes (BRMSY), WILLIAM HILL PL/ADR (WIMHY), Pharma Mar (PHMMF), WOOLWORTHS HOLD/GDR (WLWHY), Zealand Pharma Aktieselskabet (ZLDPF), INDRA SISTEMAS/ADR (ISMAY), Hochschild Mining (HCHDF), Acacia Mining (ABGLF) and AMS AG/ADR (AMSSY). View all competitors.

What other stocks do shareholders of TCG BDC own?

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).

Who are TCG BDC's key executives?

TCG BDC's management team includes the following 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 $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.

What is TCG BDC's stock symbol?

TCG BDC trades on the NASDAQ under the ticker symbol "CGBD."

Who are TCG BDC's major shareholders?

TCG BDC's stock is owned by a number of institutional and retail investors. Top institutional shareholders 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.

Which institutional investors are selling TCG BDC stock?

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.

Which institutional investors are buying TCG BDC stock?

CGBD stock was acquired 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.

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 $9.29.

How big of a company is TCG BDC?

TCG BDC has a market capitalization of $523.12 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.

What is TCG BDC's official website?

The official website for TCG BDC is 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]

This page was last updated on 6/2/2020 by MarketBeat.com Staff