YorkBridge Wealth Partners LLC Grows Holdings in TCG BDC Inc (NASDAQ:CGBD)

YorkBridge Wealth Partners LLC boosted its holdings in shares of TCG BDC Inc (NASDAQ:CGBD) by 32.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,382 shares of the company’s stock after purchasing an additional 10,172 shares during the period. YorkBridge Wealth Partners LLC owned approximately 0.07% of TCG BDC worth $513,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. increased its stake in TCG BDC by 9.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,000 shares of the company’s stock valued at $211,000 after buying an additional 1,450 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of TCG BDC by 13.3% during the 4th quarter. Great West Life Assurance Co. Can now owns 17,646 shares of the company’s stock worth $211,000 after purchasing an additional 2,076 shares during the last quarter. Eagle Global Advisors LLC increased its stake in shares of TCG BDC by 19.0% during the 4th quarter. Eagle Global Advisors LLC now owns 16,670 shares of the company’s stock worth $207,000 after purchasing an additional 2,660 shares during the last quarter. Kayne Anderson Capital Advisors LP increased its stake in shares of TCG BDC by 11.9% during the 4th quarter. Kayne Anderson Capital Advisors LP now owns 34,800 shares of the company’s stock worth $431,000 after purchasing an additional 3,700 shares during the last quarter. Finally, Synovus Financial Corp acquired a new position in shares of TCG BDC during the 4th quarter worth $54,000. 27.93% of the stock is owned by institutional investors and hedge funds.

In other TCG BDC news, Director John G. Nestor purchased 6,800 shares of the stock in a transaction dated Thursday, March 7th. The stock was bought at an average price of $14.63 per share, for a total transaction of $99,484.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.10% of the stock is owned by insiders.

CGBD has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of TCG BDC from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. JPMorgan Chase & Co. raised shares of TCG BDC from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $16.50 to $15.50 in a report on Wednesday, January 16th. Finally, ValuEngine downgraded shares of TCG BDC from a “hold” rating to a “sell” rating in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. TCG BDC presently has an average rating of “Hold” and a consensus price target of $16.13.

TCG BDC stock traded down $0.06 during mid-day trading on Monday, reaching $14.64. The company had a trading volume of 209,800 shares, compared to its average volume of 319,442. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.43 and a quick ratio of 1.43. TCG BDC Inc has a 52 week low of $12.19 and a 52 week high of $18.41. The company has a market cap of $906.55 million, a PE ratio of 8.46, a price-to-earnings-growth ratio of 4.22 and a beta of 0.99.

TCG BDC (NASDAQ:CGBD) last issued its quarterly earnings results on Tuesday, February 26th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The firm had revenue of $56.31 million during the quarter, compared to the consensus estimate of $51.38 million. TCG BDC had a net margin of 18.85% and a return on equity of 9.81%. During the same period in the prior year, the firm earned $0.43 EPS. Analysts expect that TCG BDC Inc will post 1.74 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 10.11%. The ex-dividend date is Thursday, March 28th. TCG BDC’s dividend payout ratio is 85.55%.

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About TCG BDC

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.

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Institutional Ownership by Quarter for TCG BDC (NASDAQ:CGBD)

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