Virtu Financial LLC lifted its stake in TCG BDC, Inc. (NASDAQ:CGBD) by 166.3% in the 4th quarter, HoldingsChannel reports. The firm owned 33,855 shares of the company’s stock after buying an additional 21,140 shares during the quarter. Virtu Financial LLC’s holdings in TCG BDC were worth $347,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Morgan Stanley lifted its position in shares of TCG BDC by 4.0% in the 4th quarter. Morgan Stanley now owns 1,652,756 shares of the company’s stock worth $16,958,000 after purchasing an additional 63,736 shares during the period. Van ECK Associates Corp lifted its position in shares of TCG BDC by 14.2% in the 4th quarter. Van ECK Associates Corp now owns 895,418 shares of the company’s stock worth $9,187,000 after purchasing an additional 111,157 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of TCG BDC by 14.6% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 446,868 shares of the company’s stock worth $4,585,000 after purchasing an additional 57,036 shares during the period. BlackRock Inc. lifted its position in TCG BDC by 1.4% during the 4th quarter. BlackRock Inc. now owns 366,823 shares of the company’s stock valued at $3,764,000 after acquiring an additional 5,012 shares during the period. Finally, Novare Capital Management LLC lifted its position in TCG BDC by 28.1% during the 4th quarter. Novare Capital Management LLC now owns 219,865 shares of the company’s stock valued at $2,256,000 after acquiring an additional 48,195 shares during the period. 24.48% of the stock is owned by hedge funds and other institutional investors.
Shares of CGBD stock opened at $13.64 on Thursday. The company has a 50 day moving average price of $13.00 and a 200-day moving average price of $10.95. TCG BDC, Inc. has a 52 week low of $5.15 and a 52 week high of $13.88. The firm has a market capitalization of $750.87 million, a PE ratio of -80.24 and a beta of 2.11. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.27.
TCG BDC (NASDAQ:CGBD) last announced its quarterly earnings results on Wednesday, February 24th. The company reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. The firm had revenue of $36.61 million during the quarter, compared to analyst estimates of $36.96 million. TCG BDC had a negative net margin of 2.73% and a positive return on equity of 10.75%. Analysts anticipate that TCG BDC, Inc. will post 1.55 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 16th. Shareholders of record on Wednesday, March 31st will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 10.85%. The ex-dividend date is Tuesday, March 30th. TCG BDC’s dividend payout ratio is currently 71.51%.
CGBD has been the subject of a number of recent research reports. Zacks Investment Research raised shares of TCG BDC from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Tuesday. Citigroup raised their price objective on shares of TCG BDC from $11.00 to $14.50 in a research note on Friday, February 26th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $11.10.
TCG BDC Company Profile
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.
Recommended Story: Different Options Trading Strategies
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.