Brokerages Set Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Price Target at $15.10

Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) have been given an average rating of “Hold” by the six analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $14.80.

CGBD has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upgraded Carlyle Secured Lending from an “underweight” rating to a “neutral” rating and lowered their price target for the stock from $13.50 to $12.50 in a research report on Wednesday. B. Riley reiterated a “neutral” rating and set a $14.50 target price (up previously from $14.00) on shares of Carlyle Secured Lending in a research report on Monday, August 11th. Raymond James Financial started coverage on shares of Carlyle Secured Lending in a research note on Thursday, July 17th. They issued a “market perform” rating on the stock. Finally, Wells Fargo & Company upgraded shares of Carlyle Secured Lending from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $13.00 to $15.00 in a research report on Friday, July 25th.

Carlyle Secured Lending Stock Performance

Shares of NASDAQ CGBD opened at $12.50 on Tuesday. The company has a market capitalization of $637 million, a PE ratio of 10.42 and a beta of 0.89. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.73 and a current ratio of 0.73. The company’s fifty day moving average price is $13.57 and its 200 day moving average price is $14.10. Carlyle Secured Lending has a 1 year low of $12.28 and a 1 year high of $18.64.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. Carlyle Secured Lending had a net margin of 29.71% and a return on equity of 9.85%. The business had revenue of $67.28 million during the quarter, compared to the consensus estimate of $67.53 million. On average, research analysts predict that Carlyle Secured Lending will post 1.97 earnings per share for the current year.

Carlyle Secured Lending Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Tuesday, September 30th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.60 dividend on an annualized basis and a yield of 12.8%. Carlyle Secured Lending’s dividend payout ratio (DPR) is currently 133.33%.

Insider Activity at Carlyle Secured Lending

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

Institutional Investors Weigh In On Carlyle Secured Lending

A number of large investors have recently modified their holdings of the business. Quarry LP acquired a new stake in shares of Carlyle Secured Lending in the first quarter valued at about $32,000. Northwestern Mutual Wealth Management Co. raised its holdings in Carlyle Secured Lending by 71.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,630 shares of the company’s stock valued at $36,000 after acquiring an additional 1,100 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Carlyle Secured Lending by 1,011.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,313 shares of the company’s stock worth $59,000 after purchasing an additional 3,925 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in Carlyle Secured Lending in the 2nd quarter worth approximately $97,000. Finally, Canton Hathaway LLC boosted its holdings 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 during the last quarter. Hedge funds and other 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.