News stories about TCG BDC (NASDAQ:CGBD) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. TCG BDC earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.6902278571482 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of TCG BDC stock traded down $0.31 during midday trading on Monday, hitting $17.75. 60,452 shares of the stock traded hands, compared to its average volume of 136,763. TCG BDC has a 1-year low of $16.76 and a 1-year high of $20.30. The firm has a market capitalization of $1,129.99 and a price-to-earnings ratio of 11.43. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.74.
TCG BDC (NASDAQ:CGBD) last announced its earnings results on Tuesday, February 27th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.03. The business had revenue of $49.51 million for the quarter, compared to analyst estimates of $46.10 million. TCG BDC had a net margin of 51.03% and a return on equity of 8.93%. equities analysts expect that TCG BDC will post 1.61 EPS for the current fiscal year.
Separately, Zacks Investment Research raised shares of TCG BDC from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. One equities 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.
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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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