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

Carlyle Secured Lending (NASDAQ:CGBD) had its price target hoisted by analysts at JPMorgan Chase & Co. from $16.00 to $17.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 7.96% from the stock’s current price.

Separately, Wells Fargo & Company raised their price target on Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th.

Carlyle Secured Lending Trading Down 0.2 %

Shares of CGBD opened at $18.47 on Monday. The firm’s 50-day moving average is $17.97 and its two-hundred day moving average is $17.34. Carlyle Secured Lending has a twelve month low of $14.76 and a twelve month high of $18.74. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $940.31 million, a P/E ratio of 10.32 and a beta of 1.57.

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

Institutional Investors Weigh In On Carlyle Secured Lending

A number of large investors have recently bought and sold shares of CGBD. Canton Hathaway LLC purchased a new stake in Carlyle Secured Lending during the 4th quarter worth about $47,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Carlyle Secured Lending during the second quarter valued at approximately $52,000. Great Valley Advisor Group Inc. boosted its position in Carlyle Secured Lending by 12.9% during the third quarter. Great Valley Advisor Group Inc. now owns 13,165 shares of the company’s stock worth $223,000 after acquiring an additional 1,500 shares during the last quarter. EMC Capital Management grew its stake in Carlyle Secured Lending by 56.9% in the 4th quarter. EMC Capital Management now owns 13,021 shares of the company’s stock worth $233,000 after acquiring an additional 4,722 shares during the period. Finally, Jane Street Group LLC raised its holdings in Carlyle Secured Lending by 30.9% in the 3rd quarter. Jane Street Group LLC now owns 13,775 shares of the company’s stock valued at $234,000 after acquiring an additional 3,249 shares during the last quarter. Institutional investors and hedge funds 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.