Tcg Bdc Inc (NASDAQ:CGBD) Coverage Initiated by Analysts at J P Morgan Chase & Co

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.

TRADEMARK VIOLATION WARNING: This story was published by BBNS and is owned by of BBNS. If you are reading this story on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The correct version of this story can be accessed at https://baseballnewssource.com/markets/j-p-morgan-chase-co-initiates-coverage-on-tcg-bdc-inc-nasdaqcgbd-updated-updated-updated/1180310.html.

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.

Receive News & Ratings for Tcg Bdc Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tcg Bdc Inc and related companies with our FREE daily email newsletter.

 


Latest News

Albert Pujols New Home Run Leader for Foreign-Born Players
Albert Pujols New Home Run Leader for Foreign-Born Players
Los Angeles Dodgers Alex Wood Has Shoulder Inflammation
Los Angeles Dodgers Alex Wood Has Shoulder Inflammation
Blues Jays Ready to Take Flight
Blues Jays Ready to Take Flight
Umpires Ending Protest Over Incident With Ian Kinsler
Umpires Ending Protest Over Incident With Ian Kinsler
Kris Bryant Back in Spotlight, Cubs Pushing for Playoff Berth
Kris Bryant Back in Spotlight, Cubs Pushing for Playoff Berth
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer


Leave a Reply

 
© 2006-2017 BBNS.