TCG BDC Company Profile (NASDAQ:CGBD)

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.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Corporate Financial Services
  • Sub-Industry: N/A
  • Symbol: NASDAQ:CGBD
  • CUSIP: N/A
  • Web: tcgbdc.com
Average Prices:
  • 50 Day Moving Avg: $18.64
  • 200 Day Moving Avg: $18.45
  • 52 Week Range: $17.61 - $19.25
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 11.53
  • P/E Growth: 3.62
Profitability:
  • Net Margins: 57.96%
  • Return on Equity: 10.33%
  • Return on Assets: 5.65%
Debt:
  • Debt-to-Equity Ratio: 0.54%
  • Current Ratio: 0.65%
  • Quick Ratio: 0.65%
Misc:
  • Average Volume: 88,535 shs.
 

Frequently Asked Questions for TCG BDC (NASDAQ:CGBD)

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 declared a quarterly dividend on Thursday, August 10th. Shareholders of record on Friday, September 29th will be given a dividend of $0.37 per share on Wednesday, October 18th. This represents a $1.48 annualized dividend and a yield of 7.92%. The ex-dividend date of this dividend is Thursday, September 28th. View TCG BDC's Dividend History.

When will TCG BDC make its next earnings announcement?

TCG BDC is scheduled to release their next quarterly earnings announcement on Tuesday, November, 14th 2017. View Earnings Estimates for TCG BDC.

Where is TCG BDC's stock going? Where will TCG BDC's stock price be in 2017?

4 equities research analysts have issued 1-year target prices for TCG BDC's shares. Their forecasts range from $18.50 to $20.00. On average, they anticipate TCG BDC's share price to reach $19.13 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
  • Jeffrey S. Levin, President
  • Venugopal Rathi, Chief Financial Officer, Treasurer
  • Orit Mizrachi, Chief Operating Officer

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.

How do I buy TCG BDC stock?

Shares of TCG BDC can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is TCG BDC's stock price today?

One share of TCG BDC stock can currently be purchased for approximately $18.68.


MarketBeat Community Rating for TCG BDC (NASDAQ CGBD)
Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  28 (Vote Outperform)
Underperform Votes:  21 (Vote Underperform)
Total Votes:  49
MarketBeat's community ratings are surveys of what our community members think about TCG BDC and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for TCG BDC (NASDAQ:CGBD) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 4 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $19.13 (2.38% upside)
Consensus Price Target History for TCG BDC (NASDAQ:CGBD)
Price Target History for TCG BDC (NASDAQ:CGBD)
Analysts' Ratings History for TCG BDC (NASDAQ:CGBD)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/6/2017Keefe, Bruyette & WoodsReiterated RatingBuy$20.00N/AView Rating Details
7/10/2017Bank of America CorporationInitiated CoverageBuy -> Buy$19.00LowView Rating Details
7/10/2017Wells Fargo & CompanyInitiated CoverageOutperform -> Outperform$18.50LowView Rating Details
7/10/2017J P Morgan Chase & CoInitiated CoverageOverweight -> Overweight$19.00LowView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for TCG BDC (NASDAQ:CGBD)
No earnings announcements for this company have been tracked by MarketBeat.com

Estimates

Earnings Estimates for TCG BDC (NASDAQ:CGBD)
Current Year EPS Consensus Estimate: $1.72 EPS
Next Year EPS Consensus Estimate: $1.62 EPS

Dividends

Current Dividend Information for TCG BDC (NASDAQ:CGBD)
Most Recent Dividend:10/18/2017
Annual Dividend:$1.48
Dividend Yield:7.92%
Payout Ratio:86.05% (Based on This Year's Estimates)
91.36% (Based on Next Year's Estimates)
Dividend Payments by Quarter for TCG BDC (NASDAQ:CGBD)

Dividend History by Quarter for TCG BDC (NASDAQ CGBD)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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

Insider Trading History for TCG BDC (NASDAQ:CGBD)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for TCG BDC (NASDAQ:CGBD)
Latest Headlines for TCG BDC (NASDAQ:CGBD)
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Social

Chart

TCG BDC (CGBD) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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