Zacks: TCG BDC, Inc. (CGBD) Receives Average Rating of “Strong Buy” from Analysts

Shares of TCG BDC, Inc. (NASDAQ:CGBD) have received a consensus broker rating score of 1.25 (Strong Buy) from the four analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company.

Brokerages have set a one year consensus target price of $19.13 for the company and are predicting that the company will post $0.40 EPS for the current quarter, according to Zacks. Zacks has also assigned TCG BDC an industry rank of 126 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research raised shares of TCG BDC from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th.

TCG BDC (NASDAQ CGBD) opened at $18.00 on Monday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.76. TCG BDC has a 52-week low of $16.76 and a 52-week high of $20.30.

In related news, Director John G. Nestor acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was acquired at an average price of $18.55 per share, with a total value of $185,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Susquehanna International Group LLP bought a new stake in TCG BDC in the second quarter valued at about $200,000. Kayne Anderson Capital Advisors LP bought a new stake in TCG BDC in the third quarter valued at about $225,000. Two Sigma Securities LLC bought a new stake in TCG BDC in the fourth quarter valued at about $246,000. YorkBridge Wealth Partners LLC bought a new stake in TCG BDC in the fourth quarter valued at about $247,000. Finally, Two Sigma Advisers LP bought a new stake in TCG BDC in the fourth quarter valued at about $251,000. 9.32% of the stock is currently owned by institutional investors and hedge funds.

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TCG BDC 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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