Somewhat Favorable News Coverage Somewhat Unlikely to Affect TCG BDC (CGBD) Stock Price
News stories about TCG BDC (NASDAQ:CGBD) have been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TCG BDC earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 47.0834301276221 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
NASDAQ:CGBD remained flat at $$16.80 during mid-day trading on Friday. 111,209 shares of the company were exchanged, compared to its average volume of 108,725. The company has a market capitalization of $1.05 billion, a PE ratio of 9.66, a price-to-earnings-growth ratio of 5.10 and a beta of -0.55. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.53 and a quick ratio of 0.53. TCG BDC has a fifty-two week low of $16.73 and a fifty-two week high of $20.30.
TCG BDC (NASDAQ:CGBD) last announced its quarterly earnings data on Wednesday, August 8th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. The business had revenue of $52.45 million for the quarter, compared to analysts’ expectations of $46.60 million. TCG BDC had a net margin of 45.15% and a return on equity of 9.32%. sell-side analysts predict that TCG BDC will post 1.65 EPS for the current fiscal year.
CGBD has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of TCG BDC from a “buy” rating to a “hold” rating in a research note on Tuesday, May 22nd. Wells Fargo & Co cut shares of TCG BDC from an “outperform” rating to a “market perform” rating and set a $18.50 price objective on the stock. in a research note on Wednesday, August 8th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $19.00 price objective on shares of TCG BDC in a research note on Thursday, August 9th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $18.88.
About TCG BDC
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.
Featured Story: Risk Tolerance
Receive News & Ratings for TCG BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TCG BDC and related companies with MarketBeat.com's FREE daily email newsletter.