Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Receives Average Rating of “Hold” from Brokerages

Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) have been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $12.50.

Several equities analysts have issued reports on CGBD shares. Wells Fargo & Company lowered their target price on shares of Carlyle Secured Lending from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th. B. Riley Financial restated a “buy” rating on shares of Carlyle Secured Lending in a research note on Tuesday, May 12th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Carlyle Secured Lending from $12.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, March 13th.

Hedge Funds Weigh In On Carlyle Secured Lending

Several institutional investors have recently made changes to their positions in the business. Transcend Capital Advisors LLC lifted its stake in shares of Carlyle Secured Lending by 2.8% in the 4th quarter. Transcend Capital Advisors LLC now owns 29,451 shares of the company’s stock worth $368,000 after purchasing an additional 805 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Carlyle Secured Lending by 3.2% in the 4th quarter. Mackenzie Financial Corp now owns 27,466 shares of the company’s stock worth $348,000 after purchasing an additional 857 shares during the period. Advisory Research Inc. lifted its stake in shares of Carlyle Secured Lending by 9.2% in the 3rd quarter. Advisory Research Inc. now owns 11,340 shares of the company’s stock worth $142,000 after purchasing an additional 953 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of 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 purchasing an additional 1,100 shares during the period. Finally, Sunbelt Securities Inc. lifted its stake in shares of Carlyle Secured Lending by 3.3% in the 4th quarter. Sunbelt Securities Inc. now owns 34,182 shares of the company’s stock worth $427,000 after purchasing an additional 1,100 shares during the period. Institutional investors own 24.51% of the company’s stock.

Carlyle Secured Lending Price Performance

CGBD opened at $10.98 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.72 and a current ratio of 1.72. The stock has a market capitalization of $763.08 million, a P/E ratio of 15.47 and a beta of 0.62. The company’s 50-day simple moving average is $11.18 and its two-hundred day simple moving average is $11.77. Carlyle Secured Lending has a 52-week low of $10.48 and a 52-week high of $14.49.

Carlyle Secured Lending (NASDAQ:CGBD) last posted its earnings results on Monday, May 11th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $64.08 million for the quarter, compared to analysts’ expectations of $65.78 million. Carlyle Secured Lending had a net margin of 19.52% and a return on equity of 8.99%. As a group, analysts predict that Carlyle Secured Lending will post 1.36 EPS for the current year.

Carlyle Secured Lending Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Tuesday, June 30th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 12.8%. The ex-dividend date is Tuesday, June 30th. Carlyle Secured Lending’s dividend payout ratio is 197.18%.

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.