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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Private households
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:CGBD
CUSIPN/A
Phone212-813-4900
Debt
Debt-to-Equity Ratio0.76
Current Ratio0.53
Quick Ratio0.53
Price-To-Earnings
Trailing P/E Ratio9.86
Forward P/E Ratio10.39
P/E Growth5.19
Sales & Book Value
Annual Sales$165 million
Price / Sales6.50
Cash Flow$1.4412 per share
Price / Cash11.90
Book Value$18.12 per share
Price / Book0.95
Profitability
EPS (Most Recent Fiscal Year)$1.74
Net Income$84.20 million
Net Margins45.15%
Return on Equity9.32%
Return on Assets5.21%
Miscellaneous
EmployeesN/A
Outstanding Shares62,570,000
Market Cap$1.07 billion
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 declared a quarterly dividend on Wednesday, August 8th. Investors of record on Friday, September 28th will be paid a dividend of $0.37 per share on Wednesday, October 17th. This represents a $1.48 dividend on an annualized basis and a yield of 8.63%. The ex-dividend date is Thursday, September 27th. View TCG BDC's Dividend History.
How were TCG BDC's earnings last quarter?
TCG BDC Inc (NASDAQ:CGBD) posted its earnings results on Wednesday, August, 8th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.40 by $0.05. The firm had revenue of $52.45 million for the quarter, compared to the consensus estimate of $46.60 million. TCG BDC had a return on equity of 9.32% and a net margin of 45.15%. View TCG BDC's Earnings History.
When is TCG BDC's next earnings date?
What price target have analysts set for CGBD?
4 brokers have issued 12-month price objectives for TCG BDC's stock. Their predictions range from $18.50 to $19.00. On average, they anticipate TCG BDC's share price to reach $18.8333 in the next twelve months. This suggests a possible upside of 9.8% from the stock's current price. View Analyst Price Targets for TCG BDC.
What is the consensus analysts' recommendation for TCG BDC?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TCG BDC in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for TCG BDC.
Are investors shorting TCG BDC?
TCG BDC saw a decrease in short interest during the month of July. As of July 13th, there was short interest totalling 654,834 shares, a decrease of 21.8% from the June 29th total of 837,554 shares. Based on an average trading volume of 123,458 shares, the short-interest ratio is presently 5.3 days. Approximately 1.2% of the shares of the stock are sold short. 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 HITACHI Chem Co/ADR (HCHMY), Ladbrokes Coral (LDCOY), RPC Group (RPCGF), COBHAM PLC/ADR (CBHMY), CASIO COMPUTER/ADR (CSIOY), ACERINOX SA/ADR (ANIOY), Air China (AIRYY), SmartCentres Real Estate Investment Trst (CWYUF), SPECTRIS PLC/ADR (SEPJY), HAYS PLC/ADR (HAYPY), Mediaset (MDIUY), Shaftesbury (SHABF), HOWDEN JOINERY/ADR (HWDJY), Kobe Steel (KBSTY) and Freenet (FRTAF).
Who are TCG BDC's key executives?
TCG BDC's management team includes the folowing people:
- Mr. Michael A. Hart, Chairman & CEO (Age 56)
- 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 37)
- Mr. Seth E. Gardner, Gen. Counsel (Age 50)
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 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 served as the underwriters for the IPO and HSBC and Mizuho Securities were co-managers.
Has TCG BDC been receiving favorable news coverage?
Media headlines about CGBD stock have been trending somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TCG BDC earned a news impact score of 0.13 on Accern's scale. They also gave press coverage about the company an impact score of 46.23 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near future. View Recent Headlines for TCG BDC.
Who are TCG BDC's major shareholders?
TCG BDC's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Van ECK Associates Corp (0.71%), Sageworth Trust Co (0.67%), Glenmede Trust Co. NA (0.51%), BlackRock Inc. (0.48%), Legal & General Group Plc (0.37%) and Sumitomo Mitsui Asset Management Company LTD (0.30%). View Institutional Ownership Trends for TCG BDC.
Which major investors are selling TCG BDC stock?
CGBD stock was sold by a variety of institutional investors in the last quarter, including Glenmede Trust Co. NA, BlackRock Inc. and Sumitomo Mitsui Asset Management Company LTD. View Insider Buying and Selling for TCG BDC.
Which major investors are buying TCG BDC stock?
CGBD stock was bought by a variety of institutional investors in the last quarter, including Sageworth Trust Co, Legal & General Group Plc, Millennium Management LLC, Raymond James Financial Services Advisors Inc., Raymond James & Associates, Wolverine Asset Management LLC, Dean Capital Investments Management LLC and HPM Partners LLC. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is TCG BDC's stock price today?
One share of CGBD stock can currently be purchased for approximately $17.15.
How big of a company is TCG BDC?
TCG BDC has a market capitalization of $1.07 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 or via email at [email protected]
MarketBeat Community Rating for TCG BDC (NASDAQ CGBD)
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.
