CGBD - Watch for Continued Gains in Shares of TCG BDC Inc. (CGBD)
TCG BDC Inc. (NASDAQ:CGBD) traded at a new 52-week high today of $14.32. So far today approximately 147,000 shares have been exchanged, as compared to an average 30-day volume of 188,000 shares.
In the past 52 weeks, shares of TCG BDC Inc. have traded between a low of $8.07 and a high of $14.32 and is now at $14.19, which is 76% above that low price.
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.
TCG BDC Inc. (NASDAQ:CGBD) is currently priced 98.8% above its average consensus analyst price target of $0.16.
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