Brokerages Set Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Price Target at $14.83

Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) have been given an average recommendation of “Hold” by the six brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $14.8333.

Several brokerages recently weighed in on CGBD. Raymond James Financial raised Carlyle Secured Lending from a “market perform” rating to an “outperform” rating and set a $15.00 price target for the company in a report on Tuesday, October 7th. JPMorgan Chase & Co. upgraded Carlyle Secured Lending from an “underweight” rating to a “neutral” rating and cut their price objective for the stock from $13.50 to $12.50 in a research report on Wednesday, October 1st. Wells Fargo & Company upgraded Carlyle Secured Lending from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $13.00 to $15.00 in a research report on Friday, July 25th. Finally, B. Riley reiterated a “neutral” rating and issued a $14.50 price objective (up previously from $14.00) on shares of Carlyle Secured Lending in a research report on Monday, August 11th.

Carlyle Secured Lending Price Performance

Shares of NASDAQ CGBD opened at $12.85 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a fifty day moving average price of $13.10 and a 200 day moving average price of $13.70. Carlyle Secured Lending has a 1-year low of $11.65 and a 1-year high of $18.64. The company has a market cap of $654.84 million, a PE ratio of 10.71 and a beta of 0.89.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. Carlyle Secured Lending had a return on equity of 9.85% and a net margin of 29.71%.The firm had revenue of $67.28 million during the quarter, compared to the consensus estimate of $67.53 million. Sell-side analysts forecast that Carlyle Secured Lending will post 1.97 EPS for the current year.

Insider Activity

In other Carlyle Secured Lending news, CFO Thomas M. Hennigan acquired 7,285 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were acquired at an average cost of $13.75 per share, for a total transaction of $100,168.75. Following the transaction, the chief financial officer directly owned 88,495 shares of the company’s stock, valued at approximately $1,216,806.25. This represents a 8.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John G. Nestor sold 13,238 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $13.49, for a total transaction of $178,580.62. Following the transaction, the director owned 14,593 shares of the company’s stock, valued at $196,859.57. This trade represents a 47.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is owned by insiders.

Institutional Investors Weigh In On Carlyle Secured Lending

Large investors have recently bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. increased its position in Carlyle Secured Lending by 58.4% during the third 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 in the last quarter. State of Alaska Department of Revenue purchased a new stake in Carlyle Secured Lending during the 3rd quarter worth about $37,000. HB Wealth Management LLC increased its position in Carlyle Secured Lending by 18.2% during the 3rd quarter. HB Wealth Management LLC now owns 13,940 shares of the company’s stock worth $174,000 after purchasing an additional 2,150 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Carlyle Secured Lending by 43.8% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 167,312 shares of the company’s stock worth $2,091,000 after purchasing an additional 50,970 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in Carlyle Secured Lending by 9.2% during the 3rd quarter. Global Retirement Partners LLC now owns 88,908 shares of the company’s stock worth $1,111,000 after purchasing an additional 7,455 shares in the last quarter. Institutional investors and hedge funds own 24.51% of the company’s stock.

About Carlyle Secured Lending

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.