TCG BDC Inc. (CGBD): Investor showing Interest in it

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TCG BDC Inc. (NASDAQ:CGBD) changes shares on Friday trading session, with a change of 5.75% or $0.5 shares. The trading starts at $9.33 and closed at $8.69 throughout the day. The trading session low price was $8.845 and day high was $9.33 on Friday, June 12. After the session, the Financial sector daily volume shifted to 0.43 million while its average volume is 629.36K. In other hand, the CGBD market cap reached to $489.28M. While, its current target price is $9.19 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -4.27% and up 19.51% for month. Its quarterly performance was -1.61% below, while its half year performance is down -31.15%. CGBD yearly performance stood at negative -38.40% and fall -31.32% for year-to-date. Current recommendation for TCG BDC Inc. is 2.20.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. CGBD EPS (TTM) for 12-month is -1.65. EPS for this year is 62.90%, while for the next year its value is 1.41. Its EPS Q/Q reached -488.40%. It has an EPS of 18.90% up for past five years and for the next five years will be up 2.00%.

Let’s take a look on the analyst recommendations on CGBD for the current month and previous month. For the current month, 3 of 5 analysts recommend stock as Buy while 1 as Sell, 0 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $8.25-$9.50. Average target price for CGBD was reached at $8.85.

HighTower Advisors, LLC, Morgan Stanley and Arrowstreet Capital, Limited Partnership are the top three holders in TCG BDC Inc. (CGBD) stock. On Mar 30, 2020, HighTower Advisors, LLC has 2.42 million shares which valued 12.63 million. On Mar 30, 2020, Morgan Stanley owned 1.76 million shares which valued at 9.17 million. On Mar 30, 2020, Arrowstreet Capital, Limited Partnership has a total of 1.31 million shares which valued at 6.85 million. In the end, Arrowstreet Capital, Limited Partnership have 2.33% shares outstanding of TCG BDC Inc. (CGBD) on Mar 30, 2020. The insider ownership moved to 0.20% and institutional holding shifted to 29.50%.

The company posted an EPS (TTM) of -1.65. According to the most recent quarter report on (Jun 2020), 5 analysts estimated an average EPS of 0.35, while 0.46 EPS posted a year ago period. Analyst Estimated EPS for CGBD published in the report was 0.32-0.37 during the same period. Comparing with last year, the average estimated EPS was 0.46 which is higher than 0.42 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for CGBD fall -21.15% for period of 200 days. SMA for 50 days was 22.77% which is showing green signal, while SMA-20 was 3.54%. The moving average value for TCG BDC Inc. (CGBD) is 10.52 and 8.45 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in CGBD stock. On Mar 17, Pace Linda, CEO & President, bought 10,000 trading shares at the cost of $6.81, which valued at 68052.0. On Mar 17, Hennigan Thomas M, CFO, bought 14,075 shares at the cost of $7.12, with total shares of 43,947. On Mar 16, Hennigan Thomas M, CFO, bought 3,365 shares at the cost of 8.15. After this transaction, Hennigan Thomas M total shares reached to 29,872 which valued at 27428.0.