Mckinley Capital Management LLC Delaware raised its position in shares of TCG BDC Inc (NASDAQ:CGBD) by 1.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 147,231 shares of the company’s stock after purchasing an additional 1,704 shares during the period. Mckinley Capital Management LLC Delaware owned 0.24% of TCG BDC worth $2,132,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of CGBD. Synovus Financial Corp acquired a new position in TCG BDC during the 4th quarter valued at about $54,000. Quantamental Technologies LLC raised its holdings in shares of TCG BDC by 204.4% in the 1st quarter. Quantamental Technologies LLC now owns 4,125 shares of the company’s stock worth $60,000 after purchasing an additional 2,770 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of TCG BDC in the 4th quarter worth approximately $73,000. Advisor Group Inc. raised its holdings in shares of TCG BDC by 1,413.2% in the 4th quarter. Advisor Group Inc. now owns 6,658 shares of the company’s stock worth $83,000 after purchasing an additional 6,218 shares in the last quarter. Finally, Lindbrook Capital LLC bought a new stake in shares of TCG BDC in the 4th quarter worth approximately $104,000. 26.76% of the stock is owned by hedge funds and other institutional investors.
In other TCG BDC news, Director John G. Nestor bought 6,800 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was bought at an average cost of $14.63 per share, with a total value of $99,484.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.12% of the company’s stock.
Several research firms have recently weighed in on CGBD. Zacks Investment Research raised shares of TCG BDC from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. ValuEngine raised shares of TCG BDC from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. TCG BDC has a consensus rating of “Hold” and a consensus target price of $16.13.
CGBD traded up $0.23 on Wednesday, reaching $15.00. 732,680 shares of the company traded hands, compared to its average volume of 332,399. TCG BDC Inc has a 52-week low of $12.19 and a 52-week high of $18.41. The company has a market capitalization of $909.20 million, a PE ratio of 8.67, a PEG ratio of 4.19 and a beta of 0.99. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.85 and a current ratio of 0.85.
TCG BDC (NASDAQ:CGBD) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. The firm had revenue of $55.19 million for the quarter, compared to the consensus estimate of $56.70 million. TCG BDC had a net margin of 24.05% and a return on equity of 10.19%. During the same period in the previous year, the firm posted ($0.02) earnings per share. On average, equities analysts forecast that TCG BDC Inc will post 1.76 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Shareholders of record on Friday, June 28th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 9.87%. The ex-dividend date of this dividend is Thursday, June 27th. TCG BDC’s dividend payout ratio is 85.55%.
WARNING: This piece was originally reported by Sundance Herald and is the sole property of of Sundance Herald. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international trademark and copyright law. The legal version of this piece can be read at https://sundanceherald.com/2019/05/29/tcg-bdc-inc-cgbd-holdings-increased-by-mckinley-capital-management-llc-delaware.html.
TCG BDC 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: What is the return on assets (ROA) ratio?
Receive News & Ratings for TCG BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TCG BDC and related companies with MarketBeat.com's FREE daily email newsletter.