TCG BDC, Inc. (CGBD) Tops Q4 EPS by 6c
TCG BDC, Inc. (NASDAQ: CGBD) reported Q4 EPS of $0.47, $0.06 better than the analyst estimate of $0.41.
- During the three month period ended December 31, 2018, the Company repurchased 338,408 shares of the Company's common stock pursuant to the Company’s previously announced $100 million stock repurchase program at an average cost of $14.36 per share, or $4.9 million in the aggregate, resulting in accretion to net assets per share of $0.02. The program is expected to be in effect until November 5, 2019, or until the approved dollar amount has been used to repurchase shares;
- On February 22, 2019, our Board of Directors declared a quarterly dividend of $0.37 per share, which is payable on April 17, 2019 to stockholders of record as of March 29, 2019;
- Net investment income for the three month period ended December 31, 2018 was $29,411, or $0.47 per share, as compared to $25,685, or $0.41 per share, for the three month period ended September 30, 2018;
- Net realized gain (loss) and net change in unrealized appreciation (depreciation) on investments for the three month period ended December 31, 2018 was $(30,571), or $(0.49) per share, primarily driven by an increase in market yields, as compared to $(19,605), or $(0.31) per share, for the three month period ended September 30, 2018; and
- Net increase (decrease) in net assets resulting from operations for the three month period ended December 31, 2018 was $(1,160), or $(0.02) per share, as compared to $6,080, or $0.10 per share, for the three month period ended September 30, 2018.
For earnings history and earnings-related data on TCG BDC, Inc. (CGBD) click here.
