Kayne Anderson Capital Advisors LP Purchases Shares of 12,000 TCG BDC, Inc. (CGBD)
Kayne Anderson Capital Advisors LP purchased a new stake in TCG BDC, Inc. (NASDAQ:CGBD) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,000 shares of the company’s stock, valued at approximately $225,000.
A number of other large investors have also bought and sold shares of the business. Muzinich & Co. Inc. purchased a new stake in TCG BDC in the second quarter valued at $14,408,000. State of New Jersey Common Pension Fund D boosted its holdings in TCG BDC by 18.2% in the third quarter. State of New Jersey Common Pension Fund D now owns 650,000 shares of the company’s stock valued at $12,233,000 after purchasing an additional 100,000 shares during the last quarter. Ares Management LLC purchased a new stake in TCG BDC in the second quarter valued at $8,554,000. Ameriprise Financial Inc. boosted its holdings in 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 during the last quarter. Finally, West Family Investments Inc. purchased a new stake in TCG BDC in the second quarter valued at $5,403,000. 8.83% of the stock is currently owned by institutional investors.
TCG BDC, Inc. (CGBD) opened at $18.53 on Friday. TCG BDC, Inc. has a 1 year low of $17.61 and a 1 year high of $19.25. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.89 and a current ratio of 0.89.
TCG BDC (NASDAQ:CGBD) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.41. The business had revenue of $42.65 million during the quarter, compared to the consensus estimate of $43.50 million. TCG BDC had a net margin of 50.18% and a return on equity of 8.82%. analysts forecast that TCG BDC, Inc. will post 1.7 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Friday, December 29th will be given a $0.37 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 7.99%.
CGBD has been the topic of several recent research reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $20.00 price target on shares of TCG BDC in a report on Friday, October 6th. Zacks Investment Research lowered shares of TCG BDC from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $19.50.
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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