TCG BDC Inc (NASDAQ:CGBD) CEO Michael Anthony Hart acquired 6,500 shares of the stock in a transaction dated Thursday, November 29th. The stock was acquired at an average price of $15.47 per share, with a total value of $100,555.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of CGBD opened at $15.50 on Friday. The company has a market capitalization of $969.82 million, a PE ratio of 9.17, a price-to-earnings-growth ratio of 4.65 and a beta of -0.05. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.63 and a quick ratio of 2.63. TCG BDC Inc has a fifty-two week low of $15.04 and a fifty-two week high of $20.30.
TCG BDC (NASDAQ:CGBD) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. The firm had revenue of $51.28 million during the quarter, compared to analyst estimates of $49.12 million. TCG BDC had a net margin of 33.51% and a return on equity of 9.41%. The business’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 EPS. Equities research analysts expect that TCG BDC Inc will post 1.67 earnings per share for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Morgan Stanley raised its holdings in TCG BDC by 15.7% during the 3rd quarter. Morgan Stanley now owns 1,204,384 shares of the company’s stock valued at $20,114,000 after buying an additional 163,878 shares during the last quarter. Legal & General Group Plc raised its holdings in TCG BDC by 3.3% during the 3rd quarter. Legal & General Group Plc now owns 240,582 shares of the company’s stock valued at $4,035,000 after buying an additional 7,773 shares during the last quarter. HPM Partners LLC raised its holdings in TCG BDC by 120.0% during the 3rd quarter. HPM Partners LLC now owns 49,457 shares of the company’s stock valued at $826,000 after buying an additional 26,975 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in TCG BDC by 79.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 92,098 shares of the company’s stock valued at $1,538,000 after buying an additional 40,787 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in TCG BDC during the 3rd quarter valued at $260,000. Hedge funds and other institutional investors own 21.53% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of TCG BDC from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. ValuEngine lowered shares of TCG BDC from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Wells Fargo & Co lowered their price objective on shares of TCG BDC from $17.75 to $15.00 and set a “market perform” rating for the company in a report on Thursday, October 4th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $19.00 price objective on shares of TCG BDC in a report on Thursday, August 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. TCG BDC has a consensus rating of “Hold” and an average price target of $18.00.
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TCG BDC Company Profile
TCG BDC, Inc is a non-diversified closed-end investment company. The fund operates as a business development company. The company provides debt investments in the U.S. middle market companies. It also invests in first lien and second lien senior secured loans; middle market junior loans, such as corporate mezzanine loans, equity co-investments, syndicated first lien and second lien senior secured loans, high-yield bonds, structured finance obligations, and other opportunistic investments.
See Also: Ex-Dividend
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