News headlines about TCG BDC (NASDAQ:CGBD) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TCG BDC earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.2093038681085 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
A number of analysts have recently weighed in on CGBD shares. Zacks Investment Research downgraded TCG BDC from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $20.00 target price on shares of TCG BDC in a research report on Friday, October 6th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. TCG BDC presently has an average rating of “Buy” and an average target price of $19.50.
Shares of TCG BDC (CGBD) opened at $18.42 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.89 and a current ratio of 0.89. TCG BDC has a 1 year low of $17.61 and a 1 year high of $19.25.
TCG BDC (NASDAQ:CGBD) last released its earnings results on Tuesday, November 7th. The company reported $0.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.41. The firm had revenue of $42.65 million during the quarter, compared to the consensus estimate of $43.50 million. TCG BDC had a return on equity of 8.82% and a net margin of 50.18%. analysts predict that TCG BDC will post 1.7 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Friday, December 29th will be given 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 dividend yield of 8.03%.
In related news, Director John G. Nestor bought 10,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was purchased 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 SEC, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.
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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