Shares of TCG BDC, Inc. (NASDAQ:CGBD) have been given a consensus broker rating score of 1.25 (Strong Buy) from the four analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company.

Brokerages have set a twelve-month consensus price objective of $19.00 for the company and are expecting that the company will post $0.40 EPS for the current quarter, according to Zacks. Zacks has also given TCG BDC an industry rank of 103 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised TCG BDC from a “sell” rating to a “hold” rating in a report on Monday, November 13th.

Shares of TCG BDC (CGBD) traded down $0.09 on Friday, hitting $17.03. The stock had a trading volume of 344,733 shares, compared to its average volume of 137,428. TCG BDC has a 12-month low of $16.76 and a 12-month high of $20.30. The company has a market capitalization of $1,065.55 and a PE ratio of 10.78. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.89 and a current ratio of 0.53.

TCG BDC (NASDAQ:CGBD) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.03. TCG BDC had a return on equity of 8.93% and a net margin of 51.03%. The firm had revenue of $49.51 million for the quarter, compared to analysts’ expectations of $46.10 million. equities analysts expect that TCG BDC will post 1.61 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 8.69%. The ex-dividend date is Wednesday, March 28th. TCG BDC’s payout ratio is 93.67%.

In other TCG BDC news, Director John G. Nestor acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was bought at an average price of $18.55 per share, with a total value of $185,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Kayne Anderson Capital Advisors LP purchased a new stake in TCG BDC in the third quarter worth approximately $225,000. Two Sigma Securities LLC purchased a new stake in TCG BDC in the fourth quarter worth approximately $246,000. YorkBridge Wealth Partners LLC purchased a new stake in TCG BDC in the fourth quarter worth approximately $247,000. Two Sigma Advisers LP purchased a new stake in TCG BDC in the fourth quarter worth approximately $251,000. Finally, Wells Fargo & Company MN boosted its stake in TCG BDC by 508.3% in the third quarter. Wells Fargo & Company MN now owns 14,295 shares of the company’s stock worth $269,000 after buying an additional 11,945 shares in the last quarter. 10.07% of the stock is owned by institutional investors and hedge funds.

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TCG BDC Company Profile

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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