Mckinley Capital Management LLC Delaware lifted its position in shares of TCG BDC Inc (NASDAQ:CGBD) by 50.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 221,871 shares of the company’s stock after acquiring an additional 74,640 shares during the quarter. Mckinley Capital Management LLC Delaware’s holdings in TCG BDC were worth $3,381,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisory Alpha LLC bought a new position in shares of TCG BDC during the 1st quarter worth $36,000. Quantamental Technologies LLC grew its position in shares of TCG BDC by 204.4% during the 1st quarter. Quantamental Technologies LLC now owns 4,125 shares of the company’s stock worth $60,000 after buying an additional 2,770 shares in the last quarter. Whittier Trust Co. bought a new position in shares of TCG BDC during the 2nd quarter worth $68,000. Massey Quick Simon & CO. LLC bought a new position in shares of TCG BDC during the 2nd quarter worth $77,000. Finally, Signaturefd LLC bought a new position in shares of TCG BDC during the 2nd quarter worth $83,000. 30.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ CGBD traded down $0.14 during mid-day trading on Friday, reaching $14.14. 390,864 shares of the company were exchanged, compared to its average volume of 407,054. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.07. The stock has a market cap of $853.30 million, a price-to-earnings ratio of 7.98, a P/E/G ratio of 4.03 and a beta of 0.91. TCG BDC Inc has a 1 year low of $12.19 and a 1 year high of $17.32. The firm has a 50-day moving average of $14.74 and a 200 day moving average of $14.89.

TCG BDC (NASDAQ:CGBD) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The firm had revenue of $56.87 million during the quarter, compared to analysts’ expectations of $57.06 million. TCG BDC had a return on equity of 10.40% and a net margin of 22.04%. During the same period in the prior year, the business posted $0.45 EPS. On average, equities analysts forecast that TCG BDC Inc will post 1.77 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.47%. The ex-dividend date is Friday, September 27th. TCG BDC’s dividend payout ratio (DPR) is currently 85.55%.

CGBD has been the subject of a number of analyst reports. ValuEngine cut TCG BDC from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. Zacks Investment Research cut TCG BDC from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st.

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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Institutional Ownership by Quarter for TCG BDC (NASDAQ:CGBD)

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