Shares of TCG BDC Inc (NASDAQ:CGBD) have been given a consensus rating of “Hold” by the six analysts that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $18.83.
CGBD has been the subject of a number of research reports. Keefe, Bruyette & Woods restated a “buy” rating and issued a $19.00 target price on shares of TCG BDC in a research note on Thursday, August 9th. Zacks Investment Research upgraded TCG BDC from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Wednesday, May 23rd. Finally, Wells Fargo & Co lowered TCG BDC from an “outperform” rating to a “market perform” rating and set a $18.50 price objective for the company. in a research report on Wednesday, August 8th.
Large investors have recently added to or reduced their stakes in the company. Guggenheim Capital LLC lifted its holdings in shares of TCG BDC by 148.3% during the 1st quarter. Guggenheim Capital LLC now owns 60,905 shares of the company’s stock valued at $1,090,000 after purchasing an additional 36,375 shares in the last quarter. BlackRock Inc. bought a new position in shares of TCG BDC during the 1st quarter valued at about $6,292,000. Kayne Anderson Capital Advisors LP lifted its holdings in shares of TCG BDC by 34.6% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 31,100 shares of the company’s stock valued at $556,000 after purchasing an additional 8,000 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of TCG BDC by 106.0% during the 1st quarter. Wells Fargo & Company MN now owns 90,532 shares of the company’s stock valued at $1,620,000 after purchasing an additional 46,585 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of TCG BDC by 13.7% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 64,666 shares of the company’s stock valued at $1,101,000 after purchasing an additional 7,791 shares in the last quarter. Institutional investors and hedge funds own 19.85% of the company’s stock.
Shares of NASDAQ:CGBD traded up $0.02 during midday trading on Friday, reaching $16.82. The company’s stock had a trading volume of 3,747 shares, compared to its average volume of 116,843. TCG BDC has a fifty-two week low of $16.73 and a fifty-two week high of $20.30. The firm has a market cap of $1.06 billion, a PE ratio of 9.63, a price-to-earnings-growth ratio of 5.16 and a beta of -0.55. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.53 and a current ratio of 0.53.
TCG BDC (NASDAQ:CGBD) last announced its earnings results on Wednesday, August 8th. The company reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.05. TCG BDC had a return on equity of 9.32% and a net margin of 45.15%. The company had revenue of $52.45 million during the quarter, compared to analyst estimates of $46.60 million. analysts anticipate that TCG BDC will post 1.65 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 17th. Shareholders of record on Friday, September 28th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 8.80%. The ex-dividend date is Thursday, September 27th. TCG BDC’s dividend payout ratio (DPR) is currently 85.06%.
TCG BDC Company Profile
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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