TCG BDC Inc (NASDAQ:CGBD) shares reached a new 52-week low on Thursday . The stock traded as low as $14.87 and last traded at $14.95, with a volume of 8170 shares traded. The stock had previously closed at $15.31.

A number of research analysts recently commented on the company. Wells Fargo & Co decreased their price target on TCG BDC from $17.75 to $15.00 and set a “market perform” rating on the stock in a research report on Thursday, October 4th. ValuEngine cut TCG BDC from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Finally, Zacks Investment Research cut TCG BDC from a “buy” rating to a “hold” rating in a research report on Wednesday, November 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.75.

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 stock has a market capitalization of $936.03 million, a P/E ratio of 8.48, a price-to-earnings-growth ratio of 4.49 and a beta of -0.07.

TCG BDC (NASDAQ:CGBD) last issued its quarterly earnings results on Wednesday, November 7th. The company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. TCG BDC had a return on equity of 9.41% and a net margin of 33.51%. The company had revenue of $51.28 million for the quarter, compared to analysts’ expectations of $49.12 million. During the same quarter last year, the business earned $0.45 earnings per share. TCG BDC’s revenue was up 20.2% on a year-over-year basis. On average, equities analysts forecast that TCG BDC Inc will post 1.67 earnings per share for the current fiscal year.

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

In other TCG BDC news, CEO Michael Anthony Hart bought 6,500 shares of the firm’s stock in a transaction on Thursday, November 29th. The shares were purchased at an average price of $15.47 per share, for a total transaction of $100,555.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased 17,050 shares of company stock worth $262,771 in the last 90 days. 0.10% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in CGBD. Newport Trust Co bought a new position in TCG BDC in the third quarter valued at about $13,038,000. Legal & General Group Plc bought a new position in TCG BDC in the second quarter valued at about $3,964,000. Sageworth Trust Co grew its position in TCG BDC by 46.7% in the third quarter. Sageworth Trust Co now owns 611,849 shares of the company’s stock valued at $10,218,000 after acquiring an additional 194,863 shares during the last quarter. Morgan Stanley grew its position in TCG BDC by 15.7% in the third quarter. Morgan Stanley now owns 1,204,384 shares of the company’s stock valued at $20,114,000 after acquiring an additional 163,878 shares during the last quarter. Finally, Millennium Management LLC bought a new position in TCG BDC in the second quarter valued at about $959,000. Hedge funds and other institutional investors own 21.27% of the company’s stock.

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TCG BDC Company Profile (NASDAQ:CGBD)

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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