TCG BDC Inc (CGBD) CEO Michael Anthony Hart Acquires 3,250 Shares

TCG BDC Inc (NASDAQ:CGBD) CEO Michael Anthony Hart purchased 3,250 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The shares were acquired at an average price of $14.96 per share, with a total value of $48,620.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Michael Anthony Hart also recently made the following trade(s):

  • On Monday, December 3rd, Michael Anthony Hart purchased 6,500 shares of TCG BDC stock. The shares were acquired at an average price of $15.64 per share, with a total value of $101,660.00.
  • On Thursday, November 29th, Michael Anthony Hart acquired 6,500 shares of TCG BDC stock. The shares were purchased at an average price of $15.47 per share, with a total value of $100,555.00.

TCG BDC stock traded down $0.21 during trading hours on Friday, reaching $14.75. 525,155 shares of the stock were exchanged, compared to its average volume of 194,899. The company has a market cap of $936.03 million, a P/E ratio of 8.48, a PEG ratio of 4.49 and a beta of -0.07. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.63 and a current ratio of 2.63. TCG BDC Inc has a 52-week low of $14.87 and a 52-week high of $20.30.

TCG BDC (NASDAQ:CGBD) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. The company 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%. TCG BDC’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 EPS. As a group, equities analysts predict that TCG BDC Inc will post 1.67 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 17th. Shareholders of record on Friday, December 28th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, December 27th. This represents a $1.48 dividend on an annualized basis and a yield of 10.03%. TCG BDC’s payout ratio is currently 85.06%.

A number of equities analysts have commented on the stock. Wells Fargo & Co cut 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 research report on Thursday, October 4th. ValuEngine downgraded shares of TCG BDC from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Finally, Zacks Investment Research downgraded shares of TCG BDC from a “buy” rating to a “hold” rating in a research report on Wednesday, November 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $17.75.

A number of institutional investors have recently made changes to their positions in CGBD. Newport Trust Co purchased a new position in TCG BDC during the 3rd quarter worth $13,038,000. Legal & General Group Plc purchased a new position in shares of TCG BDC in the 2nd quarter valued at about $3,964,000. Sageworth Trust Co increased its holdings in shares of TCG BDC by 46.7% in the 3rd quarter. Sageworth Trust Co now owns 611,849 shares of the company’s stock valued at $10,218,000 after purchasing an additional 194,863 shares in the last quarter. Morgan Stanley increased its holdings in shares of TCG BDC by 15.7% in the 3rd quarter. Morgan Stanley now owns 1,204,384 shares of the company’s stock valued at $20,114,000 after purchasing an additional 163,878 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in shares of TCG BDC in the 2nd quarter valued at about $959,000. Institutional investors own 21.27% of the company’s stock.

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About TCG BDC

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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