Carlyle Secured Lending (NASDAQ:CGBD) Price Target Raised to $17.00

Carlyle Secured Lending (NASDAQ:CGBD) had its price objective raised by equities researchers at Wells Fargo & Company from $16.00 to $17.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price points to a potential downside of 8.01% from the company’s current price.

Carlyle Secured Lending Price Performance

NASDAQ:CGBD opened at $18.48 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.11 and a quick ratio of 1.11. Carlyle Secured Lending has a one year low of $14.76 and a one year high of $18.74. The company has a fifty day moving average price of $17.88 and a 200 day moving average price of $17.35. The stock has a market cap of $940.82 million, a P/E ratio of 10.32 and a beta of 1.57.

Carlyle Secured Lending (NASDAQ:CGBD) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Carlyle Secured Lending had a return on equity of 12.60% and a net margin of 40.69%. The business had revenue of $55.97 million for the quarter, compared to analysts’ expectations of $39.92 million. During the same period in the previous year, the business posted $0.52 earnings per share. Analysts anticipate that Carlyle Secured Lending will post 1.98 earnings per share for the current year.

Institutional Investors Weigh In On Carlyle Secured Lending

A number of large investors have recently bought and sold shares of CGBD. Kimelman & Baird LLC acquired a new position in Carlyle Secured Lending during the 2nd quarter valued at about $35,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Carlyle Secured Lending during the second quarter worth approximately $52,000. Great Valley Advisor Group Inc. lifted its holdings in Carlyle Secured Lending by 12.9% in the third quarter. Great Valley Advisor Group Inc. now owns 13,165 shares of the company’s stock valued at $223,000 after buying an additional 1,500 shares during the period. EMC Capital Management boosted its stake in Carlyle Secured Lending by 56.9% in the fourth quarter. EMC Capital Management now owns 13,021 shares of the company’s stock valued at $233,000 after acquiring an additional 4,722 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in Carlyle Secured Lending by 30.9% during the 3rd quarter. Jane Street Group LLC now owns 13,775 shares of the company’s stock worth $234,000 after acquiring an additional 3,249 shares during the period. 24.51% of the stock is currently owned by institutional investors.

About Carlyle Secured Lending

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.