TCG BDC, Inc. (CGBD) Given $19.25 Consensus Target Price by Analysts
Shares of TCG BDC, Inc. (NASDAQ:CGBD) have earned an average broker rating score of 1.25 (Strong Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating and three have issued a strong buy rating on the company.
Analysts have set a 12-month consensus price target of $19.25 for the company and are expecting that the company will post $0.40 EPS for the current quarter, according to Zacks. Zacks has also assigned TCG BDC an industry rank of 191 out of 265 based on the ratings given to its competitors.
A number of analysts have weighed in on CGBD shares. Keefe, Bruyette & Woods restated a “buy” rating and set a $20.00 target price on shares of TCG BDC in a report on Friday, October 6th. Zacks Investment Research lowered TCG BDC from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th.
Several institutional investors and hedge funds have recently modified their holdings of CGBD. Susquehanna International Group LLP purchased a new stake in shares of TCG BDC during the 2nd quarter valued at $200,000. Kayne Anderson Capital Advisors LP purchased a new stake in shares of TCG BDC during the 3rd quarter valued at $225,000. Wells Fargo & Company MN lifted its holdings in shares of TCG BDC by 508.3% during the 3rd quarter. Wells Fargo & Company MN now owns 14,295 shares of the company’s stock valued at $269,000 after purchasing an additional 11,945 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of TCG BDC during the 2nd quarter valued at $571,000. Finally, Mckinley Capital Management LLC Delaware lifted its holdings in shares of TCG BDC by 21,632.5% during the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 63,459 shares of the company’s stock valued at $1,194,000 after purchasing an additional 63,167 shares during the last quarter. Hedge funds and other institutional investors own 9.14% of the company’s stock.
Shares of TCG BDC (NASDAQ:CGBD) opened at $18.23 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $1,130.00 and a P/E ratio of 11.69. TCG BDC has a twelve month low of $16.97 and a twelve month high of $20.30.
TCG BDC (NASDAQ:CGBD) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. The firm had revenue of $42.65 million during the quarter, compared to analyst estimates of $43.50 million. TCG BDC had a return on equity of 8.82% and a net margin of 50.18%. research analysts expect that TCG BDC will post 1.7 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.37 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.48 dividend on an annualized basis and a yield of 8.12%. TCG BDC’s dividend payout ratio is currently 94.87%.
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About TCG BDC
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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