Brokerages Set Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Price Target at $14.33

Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) have been assigned an average recommendation of “Hold” from the nine analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $14.3333.

A number of research analysts recently weighed in on CGBD shares. Wells Fargo & Company lowered their target price on shares of 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. Zacks Research upgraded Carlyle Secured Lending from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. Citigroup assumed coverage on Carlyle Secured Lending in a research note on Monday, December 8th. They issued a “market perform” rating for the company. Wall Street Zen raised Carlyle Secured Lending from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Finally, B. Riley Financial lowered their price target on Carlyle Secured Lending from $14.50 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, November 11th.

Insider Activity at Carlyle Secured Lending

In related news, Director John G. Nestor sold 7,085 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $11.87, for a total transaction of $84,098.95. Following the completion of the transaction, the director owned 7,508 shares in the company, valued at approximately $89,119.96. This represents a 48.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.61% of the company’s stock.

Institutional Trading of Carlyle Secured Lending

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cascade Financial Partners LLC purchased a new stake in Carlyle Secured Lending during the second quarter valued at $600,000. Legal & General Group Plc increased its holdings in shares of 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 buying an additional 127,681 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Carlyle Secured Lending by 58.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 418,493 shares of the company’s stock worth $5,231,000 after buying an additional 154,355 shares during the last quarter. Prime Capital Investment Advisors LLC purchased a new stake in shares of Carlyle Secured Lending during the 2nd quarter valued at about $30,158,000. Finally, Cliffwater LLC bought a new position in shares of Carlyle Secured Lending in the 2nd quarter valued at about $7,505,000. 24.51% of the stock is currently owned by institutional investors.

Carlyle Secured Lending Stock Down 0.1%

NASDAQ CGBD opened at $11.98 on Monday. Carlyle Secured Lending has a 52 week low of $11.55 and a 52 week high of $18.44. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $610.50 million, a P/E ratio of 10.15 and a beta of 0.70. The stock’s 50-day moving average price is $12.63 and its 200-day moving average price is $12.89.

Carlyle Secured Lending (NASDAQ:CGBD) last released its 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 during the quarter, compared to analysts’ expectations of $69.61 million. On average, equities research analysts predict that Carlyle Secured Lending will post 1.97 earnings per share for the current year.

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.