Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Sees Large Decrease in Short Interest

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) saw a significant drop in short interest in January. As of January 15th, there was short interest totaling 789,763 shares, a drop of 29.7% from the December 31st total of 1,122,996 shares. Based on an average daily volume of 427,801 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.6% of the company’s stock are sold short. Currently, 1.6% of the company’s stock are sold short. Based on an average daily volume of 427,801 shares, the days-to-cover ratio is presently 1.8 days.

Insiders Place Their Bets

In other news, Director John G. Nestor sold 7,085 shares of Carlyle Secured Lending 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 sale, the director directly owned 7,508 shares in the company, valued at approximately $89,119.96. The trade was a 48.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Samalin Investment Counsel LLC purchased a new stake in shares of Carlyle Secured Lending during the fourth quarter worth about $1,217,000. Verdence Capital Advisors LLC grew its stake in Carlyle Secured Lending by 3.4% in the 4th quarter. Verdence Capital Advisors LLC now owns 45,753 shares of the company’s stock worth $571,000 after acquiring an additional 1,500 shares during the period. UBS Group AG raised its holdings in Carlyle Secured Lending by 35.7% in the 4th quarter. UBS Group AG now owns 862,260 shares of the company’s stock valued at $10,770,000 after acquiring an additional 226,776 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new position in shares of Carlyle Secured Lending during the 4th quarter worth $250,000. Finally, Cornerstone Advisory LLC purchased a new stake in shares of Carlyle Secured Lending in the fourth quarter valued at $227,000. Institutional investors and hedge funds own 24.51% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have 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 objective on the stock in a report on Tuesday, October 7th. Zacks Research upgraded shares of Carlyle Secured Lending from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 9th. Wells Fargo & Company decreased their price objective 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. Citizens Jmp initiated coverage on shares of Carlyle Secured Lending in a report on Monday, December 8th. They issued a “market perform” rating on the stock. Finally, JPMorgan Chase & Co. reduced their target price on shares of Carlyle Secured Lending from $12.50 to $12.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $14.33.

Carlyle Secured Lending Trading Down 0.6%

Shares of Carlyle Secured Lending stock opened at $12.25 on Friday. The firm has a 50-day simple moving average of $12.67 and a two-hundred day simple moving average of $12.96. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.90 and a current ratio of 0.90. Carlyle Secured Lending has a fifty-two week low of $11.55 and a fifty-two week high of $18.62. The company has a market cap of $624.26 million, a P/E ratio of 10.38 and a beta of 0.69.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $66.51 million for the quarter, compared to analysts’ expectations of $69.61 million. As a group, equities analysts predict that Carlyle Secured Lending will post 1.97 earnings per share for the current fiscal 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.