Sageworth Trust Co Acquires Shares of 80,795 TCG BDC, Inc. (CGBD)
Sageworth Trust Co acquired a new position in shares of TCG BDC, Inc. (NASDAQ:CGBD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 80,795 shares of the company’s stock, valued at approximately $1,619,000. TCG BDC comprises approximately 0.3% of Sageworth Trust Co’s holdings, making the stock its 18th largest holding.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Susquehanna International Group LLP purchased a new position in shares of TCG BDC in the second quarter worth about $200,000. Kayne Anderson Capital Advisors LP purchased a new position in shares of TCG BDC in the third quarter worth about $225,000. Wells Fargo & Company MN increased its stake 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 worth $269,000 after purchasing an additional 11,945 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of TCG BDC in the second quarter worth about $571,000. Finally, Mckinley Capital Management LLC Delaware increased its stake in shares of TCG BDC by 21,632.5% in the third quarter. Mckinley Capital Management LLC Delaware now owns 63,459 shares of the company’s stock worth $1,194,000 after purchasing an additional 63,167 shares in the last quarter. Institutional investors and hedge funds own 9.14% of the company’s stock.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of TCG BDC from a “hold” rating to a “sell” rating in a research note on Friday, January 12th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $20.00 target price on shares of TCG BDC in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $19.50.
TCG BDC, Inc. (CGBD) traded up $0.06 on Wednesday, hitting $18.01. 5,667 shares of the stock traded hands, compared to its average volume of 116,552. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.89 and a quick ratio of 0.89. TCG BDC, Inc. has a 52-week low of $16.97 and a 52-week high of $20.30.
TCG BDC (NASDAQ:CGBD) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.41 EPS for the quarter, meeting the consensus estimate of $0.41. The company had revenue of $42.65 million during the quarter, compared to analysts’ expectations of $43.50 million. TCG BDC had a net margin of 50.18% and a return on equity of 8.82%. equities research analysts anticipate that TCG BDC, Inc. will post 1.7 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 17th. Investors of record on Friday, December 29th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.48 annualized dividend and a yield of 8.22%.
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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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