Are Investors Unfairly Punishing TCG BDC Inc. (NASDAQ:CGBD)?

TCG BDC Inc. (NASDAQ:CGBD) shares traded lower over the last trading session, losing -0.37% on 07/08/20. The shares fell to a low of $8.02 before closing at $8.15. Intraday shares traded counted 0.24 million, which was 49.86% higher than its 30-day average trading volume of 474.55K. CGBD’s previous close was $8.18 while the outstanding shares total 57.11M. The firm stock’s Relative Strength Index (RSI) is 36.06, with weekly volatility at 4.00% and ATR at 0.38. The CGBD stock’s 52-week price range has touched low of $4.30 and a $15.26 high.

Investors have identified the Asset Management company TCG BDC Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $459.99 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

Potential earnings growth for TCG BDC Inc. (CGBD)

In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, TCG BDC Inc. recorded a total of 50.55 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -9.18% coming in sequential stages and their sales for the third quarter reducing by -5.78%.

What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 26.52 million trying to sell their products during the last quarter, with the result yielding a gross income of 24.02 million. This allows shareholders to hold on to 57.11M with the revenue now reading -2.12 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.39 cents a share).

Having a look at the company’s valuation, the company is expected to record 1.79 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on CGBD sounds very interesting.

Is the stock of CGBD attractive?

In related news, CEO & President, Pace Linda bought 10,000 shares of the company’s stock in a transaction that recorded on Mar 17. The purchase was performed at an average price of 6.81, for a total value of 68,052. As the purchase deal closes, the CFO, Hennigan Thomas M now bought 14,075 shares of the company’s stock, valued at 100,153. Also, CFO, Hennigan Thomas M bought 3,365 shares of the company’s stock in a deal that was recorded on Mar 16. The shares were cost at an average price of 8.15 per share, with a total market value of 27,428. Following this completion of disposal, the CFO, Hennigan Thomas M now holds 15,685 shares of the company’s stock, valued at 152,245. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.20%.

3 out of 5 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on TCG BDC Inc.. 1 analysts has assigned a Sell rating on the CGBD stock. The 12-month mean consensus price target for the company’s shares has been set at $8.69.