Wells Fargo & Company Lowers Carlyle Secured Lending (NASDAQ:CGBD) Price Target to $14.00

Carlyle Secured Lending (NASDAQ:CGBD) had its target price trimmed by Wells Fargo & Company from $17.00 to $14.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other research analysts have also weighed in on the company. JPMorgan Chase & Co. decreased their target price on Carlyle Secured Lending from $17.00 to $14.00 and set an “underweight” rating on the stock in a report on Thursday, April 24th. Bank of America cut shares of Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 target price for the company. in a research note on Monday, February 10th.

Carlyle Secured Lending Trading Up 1.8 %

Shares of NASDAQ:CGBD opened at $15.05 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.99. The firm has a market cap of $766.90 million, a price-to-earnings ratio of 8.41 and a beta of 1.22. The company’s fifty day simple moving average is $16.02 and its 200 day simple moving average is $17.05. Carlyle Secured Lending has a 12 month low of $13.12 and a 12 month high of $18.74.

Carlyle Secured Lending Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a $1.60 annualized dividend and a yield of 10.63%. Carlyle Secured Lending’s dividend payout ratio (DPR) is presently 98.77%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its stake in shares of Carlyle Secured Lending by 17.1% in the first quarter. Sunbelt Securities Inc. now owns 10,297 shares of the company’s stock valued at $167,000 after acquiring an additional 1,500 shares in the last quarter. Canton Hathaway LLC grew its position in shares of Carlyle Secured Lending by 271.0% during the 1st quarter. Canton Hathaway LLC now owns 9,795 shares of the company’s stock worth $158,000 after purchasing an additional 7,155 shares in the last quarter. Redhawk Wealth Advisors Inc. grew its position in shares of Carlyle Secured Lending by 36.5% during the 1st quarter. Redhawk Wealth Advisors Inc. now owns 53,784 shares of the company’s stock worth $870,000 after purchasing an additional 14,381 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in shares of Carlyle Secured Lending by 81,343.8% during the first quarter. AdvisorNet Financial Inc now owns 26,062 shares of the company’s stock worth $422,000 after purchasing an additional 26,030 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Carlyle Secured Lending in the fourth quarter valued at approximately $2,340,000. Institutional investors own 24.51% of the company’s stock.

Carlyle Secured Lending Company Profile

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.