Carlyle Secured Lending (NASDAQ:CGBD) Sets New 1-Year Low – Should You Sell?

Carlyle Secured Lending, Inc. (NASDAQ:CGBD)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $11.55 and last traded at $11.6060, with a volume of 201751 shares changing hands. The stock had previously closed at $11.79.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CGBD shares. Wells Fargo & Company decreased their price target on shares of Carlyle Secured Lending from $15.00 to $14.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Zacks Research raised shares of Carlyle Secured Lending from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 9th. Citigroup started coverage on Carlyle Secured Lending in a research report on Monday, December 8th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. cut their target price on Carlyle Secured Lending from $12.50 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Finally, Citizens Jmp started coverage on shares of Carlyle Secured Lending in a research report on Monday, December 8th. They set a “market perform” rating on the stock. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $13.80.

Carlyle Secured Lending Stock Down 0.9%

The company’s 50 day moving average price is $12.43 and its two-hundred day moving average price is $12.75. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.10. The firm has a market cap of $588.04 million, a PE ratio of 9.78 and a beta of 0.70.

Institutional Investors Weigh In On Carlyle Secured Lending

A number of institutional investors have recently added to or reduced their stakes in CGBD. Rossby Financial LCC purchased a new stake in shares of Carlyle Secured Lending in the third quarter worth about $25,000. Northwestern Mutual Wealth Management Co. increased its stake in Carlyle Secured Lending by 71.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,630 shares of the company’s stock worth $36,000 after acquiring an additional 1,100 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Carlyle Secured Lending during the 3rd quarter worth approximately $37,000. Kestra Advisory Services LLC purchased a new stake in shares of Carlyle Secured Lending during the 4th quarter worth approximately $47,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Carlyle Secured Lending by 1,011.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,313 shares of the company’s stock valued at $59,000 after acquiring an additional 3,925 shares during the last quarter. 24.51% of the stock is owned by hedge funds and other institutional investors.

Carlyle Secured Lending Company Profile

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.