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NASDAQ:CGBDTCG BDC Stock Price, Forecast & News

$6.17
+0.59 (+10.57 %)
(As of 04/9/2020 04:00 PM ET)
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Compare
Today's Range
$5.96
Now: $6.17
$6.64
50-Day Range
$4.38
MA: $9.12
$13.79
52-Week Range
$4.30
Now: $6.17
$15.56
Volume137,973 shs
Average Volume882,049 shs
Market Capitalization$352.80 million
P/E Ratio6.05
Dividend Yield28.19%
Beta1.74
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.
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TCG BDC logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.0Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 3.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.37 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$221.30 million
Cash Flow$2.30 per share
Book Value$16.21 per share

Profitability

Net Income$61.33 million

Miscellaneous

EmployeesN/A
Market Cap$352.80 million
Next Earnings Date5/5/2020 (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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CGBD stock has decreased by 45.4% and is now trading at $6.17. View which stocks have been most impacted by Coronavirus.

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

3 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 1 buy rating 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, May 5th 2020. View our earnings forecast for TCG BDC.

How were TCG BDC's earnings last quarter?

TCG BDC Inc (NASDAQ:CGBD) released its earnings results on Tuesday, February, 25th. The company reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. The company had revenue of $53.47 million for the quarter, compared to analyst estimates of $55.10 million. TCG BDC had a net margin of 27.71% and a return on equity of 10.71%. During the same period last year, the company earned $0.47 EPS. 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 Monday, February 24th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.37 per share on Friday, April 17th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 23.99%. The ex-dividend date is Monday, March 30th. View TCG BDC's dividend history.

What price target have analysts set for CGBD?

3 brokerages have issued 12-month price targets for TCG BDC's shares. Their forecasts range from $7.00 to $15.00. On average, they expect TCG BDC's share price to reach $10.42 in the next year. This suggests a possible upside of 68.8% from the stock's current price. View analysts' price targets for TCG BDC.

Has TCG BDC been receiving favorable news coverage?

News articles about CGBD stock have trended very negative recently, InfoTrie reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. TCG BDC earned a media sentiment score of -3.3 on InfoTrie's scale. They also gave headlines about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutTCG BDC.

Are investors shorting TCG BDC?

TCG BDC saw a increase in short interest in March. As of March 13th, there was short interest totaling 653,700 shares, an increase of 56.9% from the February 27th total of 416,600 shares. Based on an average daily trading volume, of 511,200 shares, the short-interest ratio is currently 1.3 days. Approximately 1.2% of the company's stock are sold short. View TCG BDC's Current Options Chain.

Who are some of TCG BDC's key competitors?

What other stocks do shareholders of TCG BDC own?

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 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 served 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."

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 $6.17.

How big of a company is TCG BDC?

TCG BDC has a market capitalization of $352.80 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.  View additional information about TCG BDC.

What is TCG BDC's official website?

The official website for TCG BDC is http://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 4/9/2020 by MarketBeat.com Staff

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