Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Stock Has Consensus Target Price of $11.25

Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) have received a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $11.25.

CGBD has been the topic of several analyst reports. Zacks Research raised Carlyle Secured Lending from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 12th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $11.00 price objective (down from $12.00) on shares of Carlyle Secured Lending in a research note on Tuesday, September 29th. Finally, Raymond James Financial set a $11.00 target price on Carlyle Secured Lending in a report on Thursday.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CGBD. Prosperity Planning Inc. purchased a new stake in Carlyle Secured Lending in the 3rd quarter worth about $195,000. Farther Finance Advisors LLC boosted its position in shares of Carlyle Secured Lending by 36.1% during the third quarter. Farther Finance Advisors LLC now owns 48,983 shares of the company’s stock valued at $524,000 after buying an additional 13,005 shares during the period. Compass Financial Management LLC purchased a new position in shares of Carlyle Secured Lending during the second quarter valued at approximately $464,000. Van ECK Associates Corp boosted its position in shares of Carlyle Secured Lending by 33.2% during the second quarter. Van ECK Associates Corp now owns 1,748,836 shares of the company’s stock valued at $18,415,000 after buying an additional 436,365 shares during the period. Finally, Glenview Trust Co bought a new position in shares of Carlyle Secured Lending during the second quarter valued at approximately $147,000. 24.51% of the stock is owned by hedge funds and other institutional investors.

Carlyle Secured Lending Trading Down 0.6%

Shares of NASDAQ:CGBD traded down $0.06 during trading on Friday, reaching $10.22. The company’s stock had a trading volume of 322,017 shares, compared to its average volume of 505,348. The stock has a market capitalization of $703.19 million, a PE ratio of 20.04 and a beta of 0.66. Carlyle Secured Lending has a 12 month low of $9.94 and a 12 month high of $13.28. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.20. The firm’s 50 day simple moving average is $11.08 and its two-hundred day simple moving average is $10.97.

Carlyle Secured Lending Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Wednesday, September 30th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 13.7%. The ex-dividend date was Wednesday, September 30th. Carlyle Secured Lending’s dividend payout ratio is presently 274.51%.

About Carlyle Secured Lending

Carlyle Secured Lending, Inc (NASDAQ:CGBD) is a business development company that invests in privately held, middle-market companies. Its primary objective is to generate current income and, to a lesser extent, capital appreciation by providing financing to businesses that may have limited access to traditional sources of capital.

The company primarily invests in first-lien senior secured loans, while also pursuing opportunities in second-lien loans, subordinated debt and equity investments.