TCG BDC Inc (NASDAQ:CGBD) CEO Michael Anthony Hart acquired 6,500 shares of the business’s stock in a transaction on Thursday, November 29th. The shares were purchased at an average price of $15.47 per share, with a total value of $100,555.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of CGBD traded up $0.05 during trading hours on Friday, reaching $15.50. The company had a trading volume of 201,595 shares, compared to its average volume of 197,378. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $966.69 million, a PE ratio of 8.91, a P/E/G ratio of 4.64 and a beta of -0.05. TCG BDC Inc has a 12-month low of $15.04 and a 12-month high of $20.30.
TCG BDC (NASDAQ:CGBD) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.01. The business had revenue of $51.28 million during the quarter, compared to the consensus estimate of $49.12 million. TCG BDC had a net margin of 33.51% and a return on equity of 9.41%. The business’s revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 EPS. On average, research analysts anticipate that TCG BDC Inc will post 1.67 EPS for the current year.
Large investors have recently bought and sold shares of the business. Stanley Laman Group Ltd. purchased a new position in TCG BDC during the 2nd quarter valued at about $172,000. Citadel Advisors LLC purchased a new position in TCG BDC during the 2nd quarter valued at about $197,000. Sterling Capital Management LLC purchased a new position in TCG BDC during the 2nd quarter valued at about $207,000. CIBC World Markets Inc. purchased a new position in TCG BDC during the 3rd quarter valued at about $245,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in TCG BDC during the 3rd quarter valued at about $260,000. Hedge funds and other institutional investors own 21.53% of the company’s stock.
A number of brokerages have recently issued reports on CGBD. Zacks Investment Research downgraded shares of TCG BDC from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. ValuEngine downgraded shares of TCG BDC from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Wells Fargo & Co cut their price target 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 reiterated a “buy” rating and issued a $19.00 price target on shares of TCG BDC in a report on Thursday, August 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price 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.
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