TCG BDC, Inc. (CGBD) Tops Q3 EPS by 2c

TCG BDC, Inc. (NASDAQ: CGBD) reported Q3 EPS of $0.45, $0.02 better than the analyst estimate of $0.43.

• Net investment income for the three month period ended September 30, 2019 was $26,755, or $0.45 per share, as compared to 27,971, or $ 0.46 per share, for the three month period ended June 30, 2019;
• Net realized gain (loss) and net change in unrealized appreciation (depreciation) on investments for the three month period ended September 30, 2019 was $(35,744), or $(0.60) per share, as compared to $(18,214), or $(0.29) per share, for the three month period ended June 30, 2019;
• Net increase (decrease) in net assets resulting from operations for the three month period ended September 30, 2019 was $(8,989), or $(0.15) per share, as compared to $9,757, or $0.16 per share, for the three month period ended June 30, 2019;
• During the three month period ended September 30, 2019, the Company repurchased and extinguished 1,168,383 shares for $17,167; and
• On November 4, 2019, the Board of Directors declared a quarterly dividend of $0.37, which is payable on January 17, 2020 to stockholders of record on December 31, 2019.

For earnings history and earnings-related data on TCG BDC, Inc. (CGBD) click here.

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