Media stories about TCG BDC (NASDAQ:CGBD) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TCG BDC earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned press coverage 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 near term.
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 research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $19.50.
Shares of TCG BDC (NASDAQ CGBD) opened at $17.84 on Monday. TCG BDC has a 1-year low of $16.76 and a 1-year high of $20.30. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.53 and a quick ratio of 0.53. The company has a market cap of $1,110.00 and a price-to-earnings ratio of 11.36.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Shareholders of record on Thursday, March 29th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 8.30%. The ex-dividend date of this dividend is Wednesday, March 28th. TCG BDC’s payout ratio is 94.27%.
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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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