TCG BDC, Inc. (CGBD) Receives Consensus Recommendation of “Strong Buy” from Analysts

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

Brokerages have set a 12-month consensus price target of $19.13 for the company and are forecasting 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 93 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research raised shares of TCG BDC from a “sell” rating to a “hold” rating in a report on Thursday.

In related news, Director John G. Nestor purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was acquired at an average price of $18.55 per share, with a total value of $185,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.10% of the company’s stock.

Several institutional investors have recently modified their holdings of CGBD. Susquehanna International Group LLP acquired a new stake in shares of TCG BDC in the second quarter valued at approximately $200,000. Kayne Anderson Capital Advisors LP acquired a new stake in TCG BDC during the 3rd quarter worth $225,000. YorkBridge Wealth Partners LLC acquired a new stake in TCG BDC during the 4th quarter worth $247,000. Wells Fargo & Company MN grew its holdings in TCG BDC by 508.3% during the 3rd quarter. Wells Fargo & Company MN now owns 14,295 shares of the company’s stock worth $269,000 after acquiring an additional 11,945 shares during the period. Finally, Ballentine Partners LLC acquired a new stake in TCG BDC during the 4th quarter worth $320,000. 9.32% of the stock is owned by institutional investors and hedge funds.

Shares of TCG BDC (NASDAQ:CGBD) traded up $0.38 during trading on Monday, hitting $17.91. 92,829 shares of the company were exchanged, compared to its average volume of 185,775. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $1,110.00 and a price-to-earnings ratio of 11.48. TCG BDC has a fifty-two week low of $16.76 and a fifty-two week high of $20.30.

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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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