TCG BDC Inc (CGBD) CEO Michael Anthony Hart Purchases 6,500 Shares

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.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 17th. Stockholders of record on Friday, December 28th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Thursday, December 27th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.55%. TCG BDC’s dividend payout ratio is presently 85.06%.

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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