Roosevelt Investment Group Inc. Invests $317,000 in TCG BDC Inc (CGBD)

Roosevelt Investment Group Inc. acquired a new position in TCG BDC Inc (NASDAQ:CGBD) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 25,527 shares of the company’s stock, valued at approximately $317,000.

Other hedge funds have also recently made changes to their positions in the company. CIBC Private Wealth Group LLC boosted its holdings in shares of TCG BDC by 51.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 105,458 shares of the company’s stock worth $1,308,000 after acquiring an additional 35,684 shares during the period. Newport Trust Co boosted its holdings in shares of TCG BDC by 35.4% during the fourth quarter. Newport Trust Co now owns 1,056,977 shares of the company’s stock worth $13,107,000 after acquiring an additional 276,271 shares during the period. Southside Capital LLC bought a new stake in shares of TCG BDC during the fourth quarter worth approximately $1,216,000. Eagle Global Advisors LLC boosted its holdings in shares of TCG BDC by 19.0% during the fourth quarter. Eagle Global Advisors LLC now owns 16,670 shares of the company’s stock worth $207,000 after acquiring an additional 2,660 shares during the period. Finally, BB&T Corp bought a new stake in shares of TCG BDC during the fourth quarter worth approximately $145,000. Institutional investors own 22.82% of the company’s stock.

Shares of CGBD stock opened at $14.77 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.63 and a quick ratio of 2.63. The company has a market capitalization of $921.64 million, a P/E ratio of 8.49, a P/E/G ratio of 4.28 and a beta of 1.02. TCG BDC Inc has a 1 year low of $12.19 and a 1 year high of $18.41.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded TCG BDC from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Wednesday, October 24th. ValuEngine cut TCG BDC from a “hold” rating to a “sell” rating in a report on Friday, November 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. TCG BDC currently has a consensus rating of “Hold” and an average target price of $16.13.

In related news, CEO Michael Anthony Hart purchased 6,500 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The stock was acquired at an average cost of $15.64 per share, for a total transaction of $101,660.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders purchased 23,525 shares of company stock valued at $356,265. 0.10% of the stock is currently owned by corporate insiders.

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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.

Further Reading: How to interpret a stock’s beta number

Want to see what other hedge funds are holding CGBD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TCG BDC Inc (NASDAQ:CGBD).

Institutional Ownership by Quarter for TCG BDC (NASDAQ:CGBD)

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