CGBD - TCG BDC Inc.: The Winning Streak Continues (CGBD)
TCG BDC Inc. (NASDAQ:CGBD) traded today at a new 52-week high of $14.16. Approximately 147,000 shares have changed hands today, as compared to an average 30-day volume of 197,000 shares.
Based on a current price of $14.12, TCG BDC Inc. is currently 98.8% above its average consensus analyst price target of $0.16.
TCG BDC Inc is the United States-based externally managed specialty finance company focused on lending to middle-market companies. Its investment objective is to generate current income and capital appreciation through debt investments in U.S. middle-market companies. The company seeks to achieve its investment objective through direct origination of secured debt, including first lien senior secured loans and second lien senior secured loans, with the balance of its assets invested in higher-yielding investments. The company generates revenues in the form of interest income from the investments it holds.
In the past 52 weeks, shares of TCG BDC Inc. have traded between a low of $7.98 and a high of $14.16 and is now at $14.12, which is 77% above that low price.
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