J P Morgan Chase & Co Initiates Coverage on TCG BDC INC (NASDAQ:CGBD)

Equities research analysts at J P Morgan Chase & Co assumed coverage on shares of TCG BDC INC (NASDAQ:CGBD) in a research note issued to investors on Monday. The brokerage set an “overweight” rating and a $19.00 price target on the stock. J P Morgan Chase & Co’s target price points to a potential upside of 4.51% from the stock’s previous close.

Shares of TCG BDC INC (NASDAQ:CGBD) opened at 18.18 on Monday. The stock’s 50 day moving average price is $18.28 and its 200 day moving average price is $18.28. TCG BDC INC 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 paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 8.14%.

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TCG BDC INC 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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