Carlyle Secured Lending (NASDAQ:CGBD) Price Target Increased to $17.00 by Analysts at Wells Fargo & Company

by · The Cerbat Gem

Carlyle Secured Lending (NASDAQ:CGBD – Get Free Report) had its target price lifted by analysts at Wells Fargo & Company from $16.00 to $17.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price points to a potential downside of 1.28% from the stock’s previous close.

Separately, JPMorgan Chase & Co. downgraded Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 price target for the company. in a report on Monday, July 29th.

View Our Latest Stock Report on Carlyle Secured Lending

Carlyle Secured Lending Stock Down 0.8 %

CGBD stock traded down $0.14 during trading on Tuesday, reaching $17.22. 6,152 shares of the company traded hands, compared to its average volume of 210,468. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market capitalization of $874.69 million, a price-to-earnings ratio of 10.07 and a beta of 1.59. The business has a 50 day simple moving average of $17.14 and a 200 day simple moving average of $17.39. Carlyle Secured Lending has a 12 month low of $13.37 and a 12 month high of $18.74.

Carlyle Secured Lending (NASDAQ:CGBD – Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. The business had revenue of $58.26 million during the quarter, compared to the consensus estimate of $42.21 million. Carlyle Secured Lending had a return on equity of 12.74% and a net margin of 44.19%. During the same quarter last year, the company earned $0.52 earnings per share. On average, equities research analysts anticipate that Carlyle Secured Lending will post 1.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC raised its stake in shares of Carlyle Secured Lending by 1,597.0% in the third quarter. International Assets Investment Management LLC now owns 307,581 shares of the company’s stock worth $52,200,000 after purchasing an additional 289,456 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Carlyle Secured Lending by 4.6% in the first quarter. Advisors Asset Management Inc. now owns 265,325 shares of the company’s stock worth $4,319,000 after purchasing an additional 11,573 shares during the last quarter. Condor Capital Management raised its stake in shares of Carlyle Secured Lending by 16.3% in the second quarter. Condor Capital Management now owns 264,311 shares of the company’s stock worth $4,689,000 after purchasing an additional 36,984 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Carlyle Secured Lending by 2.6% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 258,774 shares of the company’s stock valued at $4,213,000 after acquiring an additional 6,527 shares in the last quarter. Finally, Raymond James & Associates raised its position in Carlyle Secured Lending by 3.6% during the second quarter. Raymond James & Associates now owns 126,916 shares of the company’s stock valued at $2,251,000 after acquiring an additional 4,459 shares in the last quarter. 24.51% of the stock is currently owned by hedge funds and other institutional investors.

About Carlyle Secured Lending

(Get Free Report)

Carlyle Secured Lending, Inc is business development company specializing in first lien debt, senior secured loans, second lien senior secured loan unsecured debt, mezzanine debt and investments in equities. It specializes in directly investing. It specializes in middle market. It targets healthcare and pharmaceutical, aerospace and defense, high tech industries, business services, software, beverage food and tobacco, hotel gamming and leisure, banking finance insurance and in real estate sector.

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