Advisor Group Holdings Inc. boosted its position in TCG BDC, Inc. (NASDAQ:CGBD) by 11.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,054 shares of the company’s stock after purchasing an additional 3,751 shares during the quarter. Advisor Group Holdings Inc. owned about 0.07% of TCG BDC worth $490,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CGBD. Quantbot Technologies LP bought a new position in TCG BDC in the 1st quarter worth about $75,000. Stratos Wealth Partners LTD. boosted its holdings in shares of TCG BDC by 26.9% in the second quarter. Stratos Wealth Partners LTD. now owns 15,350 shares of the company’s stock valued at $203,000 after acquiring an additional 3,250 shares in the last quarter. PDT Partners LLC bought a new position in shares of TCG BDC in the first quarter valued at approximately $205,000. Envestnet Asset Management Inc. boosted its holdings in shares of TCG BDC by 38.7% in the first quarter. Envestnet Asset Management Inc. now owns 26,137 shares of the company’s stock valued at $345,000 after acquiring an additional 7,290 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of TCG BDC by 5.2% in the first quarter. Stifel Financial Corp now owns 27,222 shares of the company’s stock valued at $359,000 after acquiring an additional 1,350 shares in the last quarter. Hedge funds and other institutional investors own 24.98% of the company’s stock.
Several analysts recently commented on the stock. TheStreet raised shares of TCG BDC from a “c” rating to a “b-” rating in a research note on Monday, August 23rd. Zacks Investment Research raised shares of TCG BDC from a “sell” rating to a “hold” rating in a research note on Wednesday, July 7th.
TCG BDC (NASDAQ:CGBD) last issued its quarterly earnings results on Monday, August 2nd. The company reported $0.36 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. The business had revenue of $35.60 million during the quarter, compared to the consensus estimate of $35.06 million. TCG BDC had a net margin of 96.75% and a return on equity of 9.96%. On average, equities analysts predict that TCG BDC, Inc. will post 1.5 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 15th. Investors of record on Thursday, September 30th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 11.01%. The ex-dividend date is Wednesday, September 29th. This is an increase from TCG BDC’s previous quarterly dividend of $0.36. TCG BDC’s dividend payout ratio is 83.12%.
In other news, CFO Thomas M. Hennigan purchased 14,450 shares of TCG BDC stock in a transaction that occurred on Friday, August 6th. The stock was acquired at an average price of $13.89 per share, for a total transaction of $200,710.50. Following the transaction, the chief financial officer now owns 58,780 shares in the company, valued at $816,454.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.32% of the stock is currently owned by corporate insiders.
TCG BDC Profile
TCG BDC is an externally managed specialty finance company focused on lending to middle-market companies. TCG BDC is managed by Carlyle GMS Investment Management LLC, an SEC-registered investment adviser and a wholly owned subsidiary of The Carlyle Group L.P. Since it commenced investment operations in May 2013 through March 31, 2017, TCG BDC has invested more than $2.4 billion in aggregate principal amount of debt and equity investments prior to any subsequent exits or repayments.
Recommended Story: What is the Quick Ratio?
Want to see what other hedge funds are holding CGBD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TCG BDC, Inc. (NASDAQ:CGBD).
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.