J P Morgan Chase & Co initiated coverage on shares of Tcg Bdc Inc (NASDAQ:CGBD) in a research report report published on Monday, July 10th, MarketBeat.com reports. The firm issued an overweight rating and a $19.00 price target on the stock.
Tcg Bdc (NASDAQ:CGBD) traded down 0.27% on Monday, hitting $18.55. 84,282 shares of the stock were exchanged. The company has a 50-day moving average price of $18.49 and a 200 day moving average price of $18.49. Tcg Bdc has a 1-year low of $17.61 and a 1-year high of $18.65.
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The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 18th. Shareholders of record on Friday, June 30th were issued a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.48 annualized dividend and a yield of 7.98%.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sumitomo Mitsui Asset Management Company LTD bought a new position in shares of Tcg Bdc during the second quarter valued at approximately $1,987,000. West Family Investments Inc. bought a new position in shares of Tcg Bdc during the second quarter valued at approximately $5,403,000. Finally, State of New Jersey Common Pension Fund D bought a new position in shares of Tcg Bdc during the second quarter valued at approximately $9,906,000.
Tcg Bdc Company Profile
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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