Recent Analysts’ Ratings Updates for Tcg Bdc (CGBD)
Several brokerages have updated their recommendations and price targets on shares of Tcg Bdc (NASDAQ: CGBD) in the last few weeks:
- 7/10/2017 – Tcg Bdc is now covered by analysts at J P Morgan Chase & Co. They set an “overweight” rating and a $19.00 price target on the stock.
- 7/10/2017 – Tcg Bdc is now covered by analysts at Wells Fargo & Company. They set an “outperform” rating and a $18.50 price target on the stock.
- 7/10/2017 – Tcg Bdc is now covered by analysts at Keefe, Bruyette & Woods. They set an “outperform” rating and a $20.00 price target on the stock.
- 7/10/2017 – Tcg Bdc is now covered by analysts at Bank of America Corporation. They set a “buy” rating and a $19.00 price target on the stock.
Shares of Tcg Bdc Inc (NASDAQ CGBD) traded up 0.55% during mid-day trading on Tuesday, hitting $18.18. 99,267 shares of the stock were exchanged. Tcg Bdc Inc has a 52 week low of $17.61 and a 52 week high of $18.50. The stock’s 50-day moving average is $18.28 and its 200-day moving average is $18.28.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 18th. Shareholders of record on Friday, June 30th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.48 annualized dividend and a yield of 8.14%.
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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