TCG BDC (CGBD) Stock Rating Upgraded by Zacks Investment Research

TCG BDC (NASDAQ:CGBD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

According to Zacks, “TCG BDC, Inc. is an externally managed specialty finance company. It focused on providing flexible financing solutions to middle market companies primarily located in the United States. TCG BDC, Inc. is based in New York, United States. “

Shares of TCG BDC (CGBD) traded up $0.02 during trading hours on Thursday, hitting $17.53. 155,549 shares of the stock traded hands, compared to its average volume of 120,684. TCG BDC has a 52 week low of $16.76 and a 52 week high of $20.30. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.89 and a current ratio of 0.89.

In other news, Director John G. Nestor bought 10,000 shares of TCG BDC stock in a transaction dated Tuesday, December 5th. The shares were bought at an average price of $18.55 per share, for a total transaction of $185,500.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mckinley Capital Management LLC Delaware lifted its position in TCG BDC by 9.3% during the 4th quarter. Mckinley Capital Management LLC Delaware now owns 69,371 shares of the company’s stock worth $1,390,000 after buying an additional 5,912 shares in the last quarter. Alyeska Investment Group L.P. lifted its position in TCG BDC by 1.8% during the 3rd quarter. Alyeska Investment Group L.P. now owns 519,375 shares of the company’s stock worth $9,775,000 after buying an additional 9,275 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its position in TCG BDC by 5.2% during the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 203,093 shares of the company’s stock worth $4,069,000 after buying an additional 10,085 shares in the last quarter. Advisory Research Inc. lifted its position in TCG BDC by 5.1% during the 4th quarter. Advisory Research Inc. now owns 210,513 shares of the company’s stock worth $4,219,000 after buying an additional 10,172 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new position in TCG BDC during the 2nd quarter worth about $200,000. Institutional investors and hedge funds own 9.16% of the company’s stock.

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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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