Keefe, Bruyette & Woods reaffirmed their buy rating on shares of TCG BDC, Inc. (NASDAQ:CGBD) in a research note published on Thursday. Keefe, Bruyette & Woods currently has a $20.00 price objective on the stock.

A number of other equities analysts have also recently issued reports on the company. Bank of America Corporation initiated coverage on TCG BDC in a report on Monday, July 10th. They set a buy rating and a $19.00 target price for the company. J P Morgan Chase & Co initiated coverage on TCG BDC in a report on Monday, July 10th. They set an overweight rating and a $19.00 target price for the company. Finally, Wells Fargo & Company initiated coverage on TCG BDC in a report on Monday, July 10th. They set an outperform rating and a $18.50 target price for the company.

Shares of TCG BDC (CGBD) opened at 18.50 on Thursday. TCG BDC has a one year low of $17.61 and a one year high of $18.65. The company’s 50 day moving average price is $18.40 and its 200 day moving average price is $18.47.

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 8.00%. The ex-dividend date is Thursday, September 28th.

A number of hedge funds have recently added to or reduced their stakes in CGBD. Susquehanna International Group LLP bought a new position in TCG BDC during the 2nd quarter worth about $200,000. Goldman Sachs Group Inc. bought a new position in TCG BDC during the 2nd quarter worth about $571,000. Sumitomo Mitsui Asset Management Company LTD bought a new position in TCG BDC during the 2nd quarter worth about $1,987,000. West Family Investments Inc. bought a new position in TCG BDC during the 2nd quarter worth about $5,403,000. Finally, Ameriprise Financial Inc. bought a new position in TCG BDC during the 2nd quarter worth about $6,258,000. Hedge funds and other institutional investors own 7.63% of the company’s stock.

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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