J.P. Morgan analyst Melissa Wedel maintained a Hold rating on TCG BDC (CGBD – Research Report) on May 11 and set a price target of $14.50. The company’s shares closed yesterday at $13.35.
According to TipRanks, Wedel is an analyst with an average return of -12.5% and a 33.33% success rate. Wedel covers the Financial sector, focusing on stocks such as Lendingtree, Sixth Street Specialty Lending, and FS KKR Capital.
In addition to J.P. Morgan, TCG BDC also received a Hold from Oppenheimer’s Mitchel Penn in a report issued on May 11. However, on the same day, Bank of America Securities reiterated a Buy rating on TCG BDC (NASDAQ: CGBD).
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The company has a one-year high of $15.39 and a one-year low of $10.54. Currently, TCG BDC has an average volume of 230.6K.
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TCG BDC Inc a traded fund, invests in the US middle market companies with an EBITDA of $10 to $100 million. It targets companies operating across a broad range of sectors. The fund invests primarily in first lien senior secured and second lien senior secured loans. It also considers mezzanine loans and equity co-investments.
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