About TCG BDC (NASDAQ:CGBD)
TCG 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
- 50 Day Moving Avg: $18.64
- 200 Day Moving Avg: $18.45
- 52 Week Range: $17.61 - $19.25
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 11.53
- P/E Growth: 3.62
- Net Margins: 57.96%
- Return on Equity: 10.33%
- Return on Assets: 5.65%
- Debt-to-Equity Ratio: 0.54%
- Current Ratio: 0.65%
- Quick Ratio: 0.65%
- 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?
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?
Some companies that are related to TCG BDC include Berkshire Hathaway (BRK.B), Berkshire Hathaway (BRK-A), Berkshire Hathaway (BRK.A), J P Morgan Chase & Co (JPM), Bank of America Corporation (BAC), Wells Fargo & Company (WFC), HSBC Holdings PLC (HSBC), Citigroup (C), Royal Bank Of Canada (RY), Toronto Dominion Bank (The) (TD), Allianz SE (AZSEY), BNP Paribas SA (BNPQY), Banco Santander, S.A. (SAN), Goldman Sachs Group, Inc. (The) (GS), Morgan Stanley (MS), U.S. Bancorp (USB), Itau Unibanco Banco Holding SA (ITUB) and Westpac Banking Corporation (WBK).
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?
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 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.
One share of TCG BDC stock can currently be purchased for approximately $18.68.
Consensus Ratings for TCG BDC (NASDAQ:CGBD) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|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)
Analysts' Ratings History for TCG BDC (NASDAQ:CGBD)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/6/2017||Keefe, Bruyette & Woods||Reiterated Rating||Buy||$20.00||N/A|
|7/10/2017||Bank of America Corporation||Initiated Coverage||Buy -> Buy||$19.00||Low|
|7/10/2017||Wells Fargo & Company||Initiated Coverage||Outperform -> Outperform||$18.50||Low|
|7/10/2017||J P Morgan Chase & Co||Initiated Coverage||Overweight -> Overweight||$19.00||Low|
Earnings History for TCG BDC (NASDAQ:CGBD)
No earnings announcements for this company have been tracked by MarketBeat.com
Earnings Estimates for TCG BDC (NASDAQ:CGBD)
Current Year EPS Consensus Estimate: $1.72 EPS
Next Year EPS Consensus Estimate: $1.62 EPS
Current Dividend Information for TCG BDC (NASDAQ:CGBD)
|Most Recent Dividend:||10/18/2017|
|Payout Ratio:||86.05% (Based on This Year's Estimates)|
91.36% (Based on Next Year's Estimates)
Dividend History by Quarter for TCG BDC (NASDAQ CGBD)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for TCG BDC (NASDAQ:CGBD)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for TCG BDC (NASDAQ:CGBD)
Latest Headlines for TCG BDC (NASDAQ:CGBD)
Loading headlines, please wait.
TCG BDC (CGBD) Chart for Sunday, October, 22, 2017