Muzinich & Co. Inc. increased its stake in TCG BDC, Inc. (NASDAQ:CGBD) by 26.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,104,243 shares of the company’s stock after acquiring an additional 229,783 shares during the quarter. TCG BDC accounts for about 2.9% of Muzinich & Co. Inc.’s portfolio, making the stock its 13th largest position. Muzinich & Co. Inc.’s holdings in TCG BDC were worth $22,129,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of CGBD. Van ECK Associates Corp bought a new stake in shares of TCG BDC in the third quarter worth $8,410,000. Arrowstreet Capital Limited Partnership increased its stake in shares of TCG BDC by 117.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 227,656 shares of the company’s stock worth $4,562,000 after buying an additional 123,154 shares during the last quarter. Suntrust Banks Inc. bought a new stake in shares of TCG BDC in the fourth quarter worth $2,033,000. State of New Jersey Common Pension Fund D increased its stake in shares of TCG BDC by 18.2% in the third quarter. State of New Jersey Common Pension Fund D now owns 650,000 shares of the company’s stock worth $12,233,000 after buying an additional 100,000 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of TCG BDC by 74.9% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 193,008 shares of the company’s stock worth $3,632,000 after buying an additional 82,639 shares during the last quarter. Institutional investors and hedge funds own 10.07% of the company’s stock.
Shares of TCG BDC, Inc. (NASDAQ:CGBD) opened at $17.73 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.76. TCG BDC, Inc. has a 12 month low of $16.76 and a 12 month high of $20.30.
In other TCG BDC news, Director John G. Nestor bought 10,000 shares of the stock in a transaction on Tuesday, December 5th. The stock was purchased at an average price of $18.55 per share, for a total transaction of $185,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by insiders.
Separately, Zacks Investment Research upgraded shares of TCG BDC from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $19.50.
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About TCG BDC
TCG BDC, Inc, formerly Carlyle GMS Finance, Inc, is a managed and non-diversified closed-end investment company. The Company is focused on lending to middle market companies. The Company’s investment objective is to generate current income and capital appreciation primarily through debt investments in the United States and middle market companies.
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