Zacks: Tcg Bdc Inc (CGBD) Receives Consensus Rating of “Strong Buy” from Analysts
Shares of Tcg Bdc Inc (NASDAQ:CGBD) have received a consensus broker rating score of 1.25 (Strong Buy) from the four analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company.
Analysts have set a one year consensus target price of $19.33 for the company, according to Zacks. Zacks has also assigned Tcg Bdc an industry rank of 183 out of 265 based on the ratings given to related companies.
A number of equities research analysts have issued reports on CGBD shares. Bank of America Corporation started coverage on Tcg Bdc in a research report on Monday. They set a “buy” rating and a $19.00 price target for the company. Keefe, Bruyette & Woods initiated coverage on Tcg Bdc in a research report on Monday. They issued an “outperform” rating and a $20.00 target price for the company. J P Morgan Chase & Co initiated coverage on Tcg Bdc in a research report on Monday. They issued an “overweight” rating and a $19.00 target price for the company. Finally, Wells Fargo & Company initiated coverage on Tcg Bdc in a research report on Monday. They issued an “outperform” rating and a $18.50 target price for the company.
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Tcg Bdc (NASDAQ:CGBD) traded up 0.55% during trading on Tuesday, hitting $18.18. The stock had a trading volume of 99,267 shares. The stock’s 50-day moving average is $18.28 and its 200 day moving average is $18.28. Tcg Bdc has a one year low of $17.61 and a one year high of $18.50.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 18th. Investors of record on Friday, June 30th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 8.14%. The ex-dividend date is Wednesday, June 28th.
About Tcg Bdc
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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