Two Sigma Investments LP acquired a new stake in shares of Tcg Bdc (NASDAQ:CGBD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 53,786 shares of the company’s stock, valued at approximately $1,078,000. Two Sigma Investments LP owned approximately 0.09% of Tcg Bdc as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of CGBD. Muzinich & Co. Inc. increased its holdings in shares of Tcg Bdc by 26.3% during the fourth quarter. Muzinich & Co. Inc. now owns 1,104,243 shares of the company’s stock valued at $22,129,000 after acquiring an additional 229,783 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Tcg Bdc by 117.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 227,656 shares of the company’s stock valued at $4,562,000 after acquiring an additional 123,154 shares in the last quarter. Suntrust Banks Inc. acquired a new position in shares of Tcg Bdc during the fourth quarter valued at about $2,033,000. Sageworth Trust Co acquired a new position in shares of Tcg Bdc during the fourth quarter valued at about $1,619,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Tcg Bdc during the fourth quarter valued at about $1,124,000. Hedge funds and other institutional investors own 13.86% of the company’s stock.
Several research firms have recently issued reports on CGBD. Zacks Investment Research downgraded shares of Tcg Bdc from a “hold” rating to a “sell” rating in a report on Friday, January 12th. Citigroup began coverage on shares of Tcg Bdc in a report on Wednesday, March 28th. They set a “buy” rating on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $19.50.
Tcg Bdc (NASDAQ:CGBD) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.03. The firm had revenue of $49.51 million for the quarter, compared to the consensus estimate of $46.10 million. Tcg Bdc had a net margin of 51.03% and a return on equity of 8.93%. analysts anticipate that Tcg Bdc will post 1.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Thursday, March 29th will be given a $0.37 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.48 dividend on an annualized basis and a yield of 8.34%. Tcg Bdc’s dividend payout ratio is currently 85.06%.
Tcg Bdc 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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