Equities researchers at Bank of America Corporation initiated coverage on shares of Tcg Bdc Inc (NASDAQ:CGBD) in a report released on Monday, July 10th, Marketbeat.com reports. The firm set a “buy” rating and a $19.00 price target on the stock. Bank of America Corporation’s price target would suggest a potential upside of 2.21% from the stock’s current price.

CGBD has been the topic of a number of other research reports. Wells Fargo & Company began coverage on Tcg Bdc in a research report on Monday, July 10th. They set an “outperform” rating and a $18.50 price target on the stock. Keefe, Bruyette & Woods began coverage on Tcg Bdc in a research report on Monday, July 10th. They set an “outperform” rating and a $20.00 price target on the stock. Finally, J P Morgan Chase & Co began coverage on Tcg Bdc in a research report on Monday, July 10th. They set an “overweight” rating and a $19.00 price target on the stock.

Shares of Tcg Bdc (NASDAQ CGBD) traded up 0.22% on Monday, hitting $18.59. 146,979 shares of the stock traded hands. Tcg Bdc has a 12-month low of $17.61 and a 12-month high of $18.65. The firm’s 50-day moving average is $18.49 and its 200 day moving average is $18.49.

COPYRIGHT VIOLATION NOTICE: This piece of content was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/08/08/tcg-bdc-inc-nasdaqcgbd-research-coverage-started-at-bank-of-america-corporation-updated-updated-updated.html.

A number of large investors have recently made changes to their positions in CGBD. Sumitomo Mitsui Asset Management Company LTD purchased a new stake in shares of Tcg Bdc during the second quarter worth about $1,987,000. State of New Jersey Common Pension Fund D purchased a new stake in shares of Tcg Bdc during the second quarter worth about $9,906,000. Finally, West Family Investments Inc. purchased a new stake in shares of Tcg Bdc during the second quarter worth about $5,403,000. 1.59% of the stock is currently owned by institutional investors and hedge funds.

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.

Receive News & Stock 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 stocks with our FREE daily email newsletter.