Keefe, Bruyette & Woods reaffirmed their buy rating on shares of TCG BDC, Inc. (NASDAQ:CGBD) in a report released on Thursday morning. The brokerage currently has a $20.00 price target on the stock.

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

TCG BDC (NASDAQ:CGBD) remained flat at $18.50 during trading on Thursday. The stock had a trading volume of 27,985 shares. TCG BDC has a 52 week low of $17.61 and a 52 week high of $22.02. The stock’s 50 day moving average is $18.40 and its 200 day moving average is $18.47.

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

Large investors have recently bought and sold shares of the company. Muzinich & Co. Inc. bought a new stake in TCG BDC during the second quarter worth about $14,408,000. State of New Jersey Common Pension Fund D bought a new stake in TCG BDC during the second quarter worth about $9,906,000. Ares Management LLC bought a new stake in TCG BDC during the second quarter worth about $8,554,000. Ameriprise Financial Inc. bought a new stake in TCG BDC during the second quarter worth about $6,258,000. Finally, West Family Investments Inc. bought a new stake in TCG BDC during the second quarter worth about $5,403,000. 7.63% 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.

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