Press coverage about TCG BDC (NASDAQ:CGBD) has been trending somewhat positive on Sunday, according to Accern. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TCG BDC earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 44.2052640706701 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several brokerages recently weighed in on CGBD. Zacks Investment Research lowered shares of TCG BDC from a “hold” rating to a “sell” rating in a report on Friday, January 12th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $20.00 price objective on shares of TCG BDC in a report on Friday, October 6th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. TCG BDC presently has a consensus rating of “Buy” and an average price target of $19.50.
TCG BDC (NASDAQ CGBD) opened at $18.25 on Friday. TCG BDC has a twelve month low of $16.97 and a twelve month high of $20.30. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.76.
TCG BDC (NASDAQ:CGBD) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.41 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. TCG BDC had a net margin of 50.18% and a return on equity of 8.82%. The business had revenue of $42.65 million for the quarter, compared to analyst estimates of $43.50 million. analysts expect that TCG BDC will post 1.7 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 17th. Investors of record on Friday, December 29th were issued a $0.37 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.48 annualized dividend and a yield of 8.11%.
In other TCG BDC news, Director John G. Nestor acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were acquired at an average cost of $18.55 per share, for a total transaction of $185,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.
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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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