Wells Fargo & Company Raises Carlyle Secured Lending (NASDAQ:CGBD) Price Target to $15.00

Carlyle Secured Lending (NASDAQ:CGBDFree Report) had its price objective increased by Wells Fargo & Company from $14.00 to $15.00 in a research note published on Monday morning, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Carlyle Secured Lending Stock Down 1.6 %

Shares of NASDAQ CGBD opened at $15.35 on Monday. The stock has a market cap of $779.63 million, a P/E ratio of 11.37 and a beta of 1.63. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.17. Carlyle Secured Lending has a 12-month low of $13.07 and a 12-month high of $15.89. The business’s fifty day simple moving average is $15.31 and its 200-day simple moving average is $14.87.

Carlyle Secured Lending (NASDAQ:CGBDGet Free Report) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The business had revenue of $42.28 million for the quarter, compared to analysts’ expectations of $43.03 million. Carlyle Secured Lending had a return on equity of 13.77% and a net margin of 37.16%. As a group, equities analysts predict that Carlyle Secured Lending will post 2.06 EPS for the current fiscal year.

Institutional Trading of Carlyle Secured Lending

Hedge funds have recently modified their holdings of the stock. Point72 Hong Kong Ltd purchased a new position in Carlyle Secured Lending in the second quarter valued at $32,000. Tower Research Capital LLC TRC increased its holdings in Carlyle Secured Lending by 161.2% in the third quarter. Tower Research Capital LLC TRC now owns 2,581 shares of the company’s stock valued at $37,000 after buying an additional 1,593 shares during the last quarter. Sunbelt Securities Inc. purchased a new position in Carlyle Secured Lending in the first quarter valued at $118,000. One Capital Management LLC purchased a new position in Carlyle Secured Lending in the third quarter valued at $145,000. Finally, Guggenheim Capital LLC purchased a new position in Carlyle Secured Lending in the first quarter valued at $138,000. 21.55% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Secured Lending Company Profile

(Get Free Report)

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.

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