Carlyle Secured Lending (NASDAQ:CGBD) Price Target Increased to $17.00 by Analysts at Wells Fargo & Company

Carlyle Secured Lending (NASDAQ:CGBD) had its price objective increased by Wells Fargo & Company from $16.00 to $17.00 in a research report report published on Friday morning, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Carlyle Secured Lending Price Performance

CGBD stock opened at $17.44 on Friday. The stock has a market cap of $885.78 million, a PE ratio of 10.20 and a beta of 1.60. Carlyle Secured Lending has a 12 month low of $13.31 and a 12 month high of $18.74. The company has a 50-day moving average price of $17.96 and a 200 day moving average price of $16.82. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.07.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its earnings results on Tuesday, May 7th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. The business had revenue of $44.14 million during the quarter, compared to analyst estimates of $42.86 million. Carlyle Secured Lending had a return on equity of 12.92% and a net margin of 38.15%. Equities research analysts anticipate that Carlyle Secured Lending will post 2.05 earnings per share for the current year.

Carlyle Secured Lending Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 17th. Shareholders of record on Friday, June 28th were paid a $0.47 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.88 dividend on an annualized basis and a yield of 10.78%. Carlyle Secured Lending’s payout ratio is 93.57%.

Institutional Trading of Carlyle Secured Lending

A number of large investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in Carlyle Secured Lending in the 4th quarter worth about $319,000. Raymond James & Associates boosted its position in Carlyle Secured Lending by 80.8% in the 4th quarter. Raymond James & Associates now owns 131,643 shares of the company’s stock valued at $1,969,000 after buying an additional 58,841 shares during the period. Global Retirement Partners LLC bought a new position in Carlyle Secured Lending in the 4th quarter worth about $656,000. International Assets Investment Management LLC increased its position in shares of Carlyle Secured Lending by 327.2% during the fourth quarter. International Assets Investment Management LLC now owns 271,150 shares of the company’s stock worth $40,560,000 after acquiring an additional 207,685 shares during the period. Finally, Verdence Capital Advisors LLC raised its stake in shares of Carlyle Secured Lending by 17.8% during the fourth quarter. Verdence Capital Advisors LLC now owns 27,752 shares of the company’s stock valued at $415,000 after acquiring an additional 4,198 shares in the last quarter. 24.51% of the stock is owned by hedge funds and other institutional investors.

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.