Carlyle Secured Lending (NASDAQ:CGBD) Raised to Hold at Wall Street Zen

Carlyle Secured Lending (NASDAQ:CGBD) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other research firms have also issued reports on CGBD. Citizens Jmp started coverage on shares of Carlyle Secured Lending in a report on Monday, December 8th. They issued a “market perform” rating on the stock. B. Riley dropped their price objective on Carlyle Secured Lending from $14.50 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 11th. Zacks Research upgraded Carlyle Secured Lending from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. JPMorgan Chase & Co. lowered their target price on Carlyle Secured Lending from $12.50 to $12.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Finally, Wells Fargo & Company dropped their price target on Carlyle Secured Lending from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Carlyle Secured Lending currently has an average rating of “Hold” and an average price target of $14.33.

Carlyle Secured Lending Stock Performance

Shares of CGBD stock opened at $12.55 on Friday. The stock has a market capitalization of $639.55 million, a PE ratio of 10.64 and a beta of 0.69. The business’s 50 day simple moving average is $12.50 and its 200 day simple moving average is $13.13. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.90 and a quick ratio of 0.90. Carlyle Secured Lending has a one year low of $11.55 and a one year high of $18.64.

Carlyle Secured Lending (NASDAQ:CGBD) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). Carlyle Secured Lending had a return on equity of 9.24% and a net margin of 30.18%.The firm had revenue of $66.51 million for the quarter, compared to the consensus estimate of $69.61 million. As a group, research analysts forecast that Carlyle Secured Lending will post 1.97 earnings per share for the current year.

Insider Activity at Carlyle Secured Lending

In other news, Director John G. Nestor sold 7,085 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $11.87, for a total transaction of $84,098.95. Following the transaction, the director directly owned 7,508 shares of the company’s stock, valued at $89,119.96. This represents a 48.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is currently owned by corporate insiders.

Institutional Trading of Carlyle Secured Lending

Hedge funds have recently bought and sold shares of the business. Cascade Financial Partners LLC bought a new stake in shares of Carlyle Secured Lending in the second quarter valued at $600,000. Legal & General Group Plc increased its holdings in Carlyle Secured Lending by 38.4% in the 2nd quarter. Legal & General Group Plc now owns 459,870 shares of the company’s stock worth $6,291,000 after acquiring an additional 127,681 shares during the last quarter. Prime Capital Investment Advisors LLC bought a new stake in Carlyle Secured Lending in the 2nd quarter valued at about $30,158,000. Cliffwater LLC purchased a new stake in Carlyle Secured Lending during the second quarter valued at about $7,505,000. Finally, Transcend Capital Advisors LLC purchased a new stake in Carlyle Secured Lending during the second quarter valued at about $342,000. Institutional investors and hedge funds own 24.51% of the company’s stock.

About Carlyle Secured Lending

Carlyle Secured Lending, Inc (NASDAQ: CGBD) is a closed-end, non-diversified business development company that provides customized debt financing solutions to middle-market companies. Chartered under the Investment Company Act of 1940, the company invests primarily in floating-rate senior secured loans, including first-lien, unitranche and one-stop structures. Its objective is to generate current income and capital appreciation through disciplined credit selection and active portfolio management.

The firm focuses on U.S.