Shares of Tcg Bdc Inc (NASDAQ:CGBD) have earned a consensus broker rating score of 1.25 (Strong Buy) from the four brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company.
Brokers have set a twelve-month consensus target price of $19.13 for the company and are forecasting that the company will post $0.36 EPS for the current quarter, according to Zacks. Zacks has also given Tcg Bdc an industry rank of 186 out of 265 based on the ratings given to related companies.
CGBD has been the subject of a number of research reports. Bank of America Corporation initiated coverage on shares of Tcg Bdc in a report on Monday. They issued a “buy” rating and a $19.00 price target for the company. Keefe, Bruyette & Woods initiated coverage on shares of Tcg Bdc in a report on Monday. They issued an “outperform” rating and a $20.00 price target for the company. Wells Fargo & Company initiated coverage on shares of Tcg Bdc in a report on Monday. They issued an “outperform” rating and a $18.50 price target for the company. Finally, J P Morgan Chase & Co initiated coverage on shares of Tcg Bdc in a report on Monday. They issued an “overweight” rating and a $19.00 price target for the company.
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Shares of Tcg Bdc (CGBD) traded up 0.05% during trading on Tuesday, hitting $18.22. 47,478 shares of the stock traded hands. The firm has a 50-day moving average of $18.28 and a 200-day moving average of $18.28. Tcg Bdc has a 1-year low of $17.61 and a 1-year high of $18.50. The firm’s market capitalization is $1.12 billion.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 18th. Shareholders of record on Friday, June 30th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 8.12%. 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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