Millennium Management LLC bought a new stake in Tcg Bdc (NASDAQ:CGBD) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 129,677 shares of the company’s stock, valued at approximately $2,599,000.
Several other hedge funds also recently bought and sold shares of CGBD. Ameriprise Financial Inc. lifted its holdings in shares of Tcg Bdc by 3.6% in the third quarter. Ameriprise Financial Inc. now owns 360,000 shares of the company’s stock valued at $6,775,000 after purchasing an additional 12,500 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Tcg Bdc by 508.3% in the third quarter. Wells Fargo & Company MN now owns 14,295 shares of the company’s stock valued at $269,000 after purchasing an additional 11,945 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of Tcg Bdc by 5.2% in the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 203,093 shares of the company’s stock valued at $4,069,000 after purchasing an additional 10,085 shares in the last quarter. Sageworth Trust Co bought a new position in shares of Tcg Bdc in the fourth quarter valued at approximately $1,619,000. Finally, Ballentine Partners LLC bought a new position in shares of Tcg Bdc in the fourth quarter valued at approximately $320,000. Institutional investors own 13.86% of the company’s stock.
A number of research analysts have recently weighed in on the company. Zacks Investment Research lowered Tcg Bdc from a “hold” rating to a “sell” rating in a report on Friday, January 12th. JPMorgan Chase lowered Tcg Bdc from an “overweight” rating to a “neutral” rating and set a $19.00 target price on the stock. in a report on Wednesday, April 11th. Finally, Citigroup assumed coverage on Tcg Bdc in a report on Wednesday, March 28th. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Tcg Bdc presently has an average rating of “Buy” and a consensus price target of $19.50.
Shares of Tcg Bdc stock opened at $17.91 on Thursday. The firm has a market cap of $1,114.97 and a P/E ratio of 10.29. Tcg Bdc has a 12 month low of $16.76 and a 12 month high of $20.30. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.53 and a current ratio of 0.53.
Tcg Bdc (NASDAQ:CGBD) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.03. The business had revenue of $49.51 million for the quarter, compared to analyst estimates of $46.10 million. Tcg Bdc had a return on equity of 8.93% and a net margin of 51.03%. research analysts anticipate that Tcg Bdc will post 1.62 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 17th. Investors of record on Thursday, March 29th were issued a dividend of $0.37 per share. The ex-dividend date was Wednesday, March 28th. This represents a $1.48 dividend on an annualized basis and a yield of 8.26%. Tcg Bdc’s dividend payout ratio (DPR) is currently 85.06%.
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Tcg Bdc Company Profile
TCG BDC, Inc, formerly Carlyle GMS Finance, Inc, is a managed and non-diversified closed-end investment company. The Company is focused on lending to middle market companies. The Company’s investment objective is to generate current income and capital appreciation primarily through debt investments in the United States and middle market companies.
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