NASDAQ:CGBDTCG BDC Stock Price, Forecast & News

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 (WHO). Since then, CGBD stock has decreased by 25.9% and is now trading at $8.38. 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) released its quarterly earnings results on Tuesday, May, 5th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.03. The firm earned $38.37 million during the quarter, compared to analysts' expectations 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.

TCG BDC announced a quarterly dividend on Thursday, May 7th. Stockholders 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 annualized dividend and a dividend yield of 17.66%. 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 earnings per share (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 target prices for TCG BDC's shares. Their forecasts range from $8.25 to $9.00. On average, they anticipate TCG BDC's stock price to reach $8.56 in the next twelve months. This suggests a possible upside of 2.2% from the stock's current price. View analysts' price targets for TCG BDC.

News headlines about CGBD stock have trended negative recently, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. TCG BDC earned a coverage optimism score of -2.1 on InfoTrie's scale. They also gave headlines 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 near term. View the latest news about TCG BDC.

TCG BDC saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 229,600 shares, a decrease of 22.7% from the June 15th total of 297,200 shares. Based on an average daily trading volume, of 540,400 shares, the short-interest ratio is currently 0.4 days. Approximately 0.4% of the company's stock are short sold. View TCG BDC's Current Options Chain.

Some companies that are related to TCG BDC include Flughafen Wien (VIAAY), DOMINOS PIZZA U/ADR (DPUKY), WOOLWORTHS HOLD/GDR (WLWHY), DUFRY AG/ADR (DUFRY), BR Malls Participacoes (BRMSY), DeNA (DNACF), KONICA MINOLTA/ADR (KNCAY), TOKUYAMA CORP/ADR (TKYMY), INDRA SISTEMAS/ADR (ISMAY), Zealand Pharma Aktieselskabet (ZLDPF), BPOST SA/ADR (BPOSY), OUTOKUMPU OYJ/ADR (OUTKY), Acacia Mining (ABGLF), WILLIAM HILL PL/ADR (WIMHY) and Clinigen Group (CLIGF). 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 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 served 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."

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 $8.38.

TCG BDC has a market capitalization of $471.88 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]