Shares of TCG BDC, Inc. (NASDAQ:CGBD) have earned an average broker rating score of 1.25 (Strong Buy) from the four brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating and three have issued a strong buy rating on the company.

Brokerages have set a 12-month consensus target price of $19.25 for the company, according to Zacks. Zacks has also given TCG BDC an industry rank of 104 out of 265 based on the ratings given to its competitors.

CGBD has been the topic of a number of research reports. Bank of America Corporation initiated coverage on shares of TCG BDC in a report on Monday, July 10th. They set a “buy” rating and a $19.00 target price on the stock. Keefe, Bruyette & Woods initiated coverage on shares of TCG BDC in a report on Monday, July 10th. They set an “outperform” rating and a $20.00 target price on the stock. J P Morgan Chase & Co initiated coverage on shares of TCG BDC in a report on Monday, July 10th. They set an “overweight” rating and a $19.00 target price on the stock. Wells Fargo & Company initiated coverage on shares of TCG BDC in a report on Monday, July 10th. They set an “outperform” rating and a $18.50 target price on the stock. Finally, Zacks Investment Research upgraded shares of TCG BDC from a “hold” rating to a “strong-buy” rating and set a $21.00 target price on the stock in a report on Monday, September 11th.

TCG BDC (CGBD) traded down 0.345% on Thursday, reaching $18.775. 33,378 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $18.55 and its 200 day moving average price is $18.42. TCG BDC has a 12 month low of $17.61 and a 12 month high of $19.25. The company’s market cap is $1.16 billion.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 7.86%. The ex-dividend date is Thursday, September 28th.

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Several hedge funds have recently made changes to their positions in the company. Susquehanna International Group LLP bought a new stake in shares of TCG BDC during the 2nd quarter valued at $200,000. Ares Management LLC bought a new stake in shares of TCG BDC during the 2nd quarter valued at $8,554,000. Goldman Sachs Group Inc. bought a new stake in shares of TCG BDC during the 2nd quarter valued at $571,000. Muzinich & Co. Inc. bought a new stake in shares of TCG BDC during the 2nd quarter valued at $14,408,000. Finally, Ameriprise Financial Inc. bought a new stake in shares of TCG BDC during the 2nd quarter valued at $6,258,000. Hedge funds and other institutional investors own 7.63% of the company’s stock.

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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