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.

COPYRIGHT VIOLATION WARNING: This news story was reported by Daily Political and is the property of of Daily Political. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this news story can be accessed at https://www.dailypolitical.com/2018/12/08/tcg-bdc-cgbd-sets-new-12-month-low-at-14-87.html.

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.

Read More: Average Daily Trade Volume – What You Need to Know

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.