News stories about Tcg Bdc (NASDAQ:CGBD) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tcg Bdc earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.0235801589624 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of equities analysts recently issued reports on CGBD shares. Zacks Investment Research raised Tcg Bdc from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Tuesday, May 1st. Citigroup started coverage on Tcg Bdc in a report on Wednesday, March 28th. They issued a “buy” rating for the company. ValuEngine lowered Tcg Bdc from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, JPMorgan Chase & Co. lowered Tcg Bdc from an “overweight” rating to a “neutral” rating and set a $19.00 price objective for the company. in a report on Wednesday, April 11th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $19.30.
NASDAQ CGBD traded up $0.02 on Wednesday, reaching $17.61. 8,504 shares of the stock traded hands, compared to its average volume of 177,301. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market cap of $1.10 billion and a P/E ratio of 10.15. Tcg Bdc has a 12 month low of $16.76 and a 12 month high of $20.30.
Tcg Bdc (NASDAQ:CGBD) last issued its quarterly earnings results on Friday, May 4th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.40. The firm had revenue of $47.48 million during the quarter, compared to analyst estimates of $48.08 million. Tcg Bdc had a return on equity of 8.73% and a net margin of 49.96%. During the same period last year, the company posted $0.01 EPS. research analysts predict that Tcg Bdc will post 1.62 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 17th. Shareholders of record on Friday, June 29th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 8.40%. The ex-dividend date is Thursday, June 28th. Tcg Bdc’s payout ratio is currently 85.06%.
Tcg Bdc Company Profile
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.
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