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.
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Industry, Sector and Symbol
Industry Private households
Sub-IndustryN/A
SectorFinance
Phone212-813-4900
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$207.53 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date11/5/2019 (Estimated)
OptionableOptionable
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 announced a quarterly dividend on Monday, August 5th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.37 per share on Thursday, October 17th. This represents a $1.48 dividend on an annualized basis and a yield of 10.54%. The ex-dividend date of this dividend is Friday, 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 Tuesday, August, 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.02. The firm had revenue of $56.87 million for the quarter, compared to analysts' expectations of $57.06 million. TCG BDC had a net margin of 22.04% and a return on equity of 10.40%. During the same period in the previous year, the firm earned $0.45 earnings per share. View TCG BDC's Earnings History.
When is TCG BDC's next earnings date?
What price target have analysts set for CGBD?
3 brokers have issued twelve-month price targets for TCG BDC's shares. Their forecasts range from $15.00 to $16.00. On average, they expect TCG BDC's share price to reach $15.50 in the next year. This suggests a possible upside of 10.4% from the stock's current price. View Analyst Price Targets for TCG BDC.
What is the consensus analysts' recommendation for TCG BDC?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TCG BDC in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for TCG BDC.
Has TCG BDC been receiving favorable news coverage?
News headlines about CGBD stock have been trending negative recently, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. TCG BDC earned a news sentiment score of -2.6 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for TCG BDC.
Are investors shorting TCG BDC?
TCG BDC saw a increase in short interest in the month of September. As of September 30th, there was short interest totalling 609,800 shares, an increase of 69.0% from the August 30th total of 360,800 shares. Based on an average daily trading volume, of 330,000 shares, the short-interest ratio is currently 1.8 days. Approximately 1.1% of the company's 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 Flughafen Wien (VIAAY), Mediaset (MDIUY), THK CO LTD/ADR (THKLY), WOOLWORTHS HOLD/GDR (WLWHY), EVN (EVNVY), ASPEN PHARMACAR/ADR (APNHY), ORIENT OVS INTL/ADR (OROVY), NIPPON YUSEN KA/S (NPNYY), HAYS PLC/ADR (HAYPY), DeNA (DNACF), JUST EAT PLC/ADR (JSTTY), NIHON KOHDEN CO/ADR (NHNKY), BR Malls Participacoes (BRMSY), Loomis (LOIMF) and ROYAL MAIL PLC/ADR (ROYMY).
What other stocks do shareholders of TCG BDC own?
Who are TCG BDC's key executives?
TCG BDC's management team includes the folowing 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 (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.
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 $14.04.
How big of a company is TCG BDC?
TCG BDC has a market capitalization of $839.03 million and generates $207.53 million in revenue each year. The company earns $39.12 million in net income (profit) each year or $1.73 on an earnings per share basis. View Additional Information About TCG BDC.
What is TCG BDC's official website?
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.
