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

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

Separately, JPMorgan Chase & Co. downgraded shares of Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 price objective on the stock. in a research report on Monday, July 29th.

Carlyle Secured Lending Price Performance

Shares of NASDAQ:CGBD opened at $17.00 on Tuesday. The company’s fifty day moving average price is $17.16 and its 200 day moving average price is $17.39. Carlyle Secured Lending has a 12 month low of $13.49 and a 12 month high of $18.74. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market capitalization of $863.52 million, a P/E ratio of 9.94 and a beta of 1.59.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. Carlyle Secured Lending had a net margin of 44.19% and a return on equity of 12.74%. The firm had revenue of $58.26 million for the quarter, compared to analyst estimates of $42.21 million. During the same period last year, the business earned $0.52 EPS. As a group, sell-side analysts predict that Carlyle Secured Lending will post 1.96 earnings per share for the current fiscal year.

Institutional Trading of Carlyle Secured Lending

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kimelman & Baird LLC purchased a new stake in shares of Carlyle Secured Lending in the second quarter valued at about $35,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Carlyle Secured Lending in the second quarter valued at about $52,000. nVerses Capital LLC purchased a new stake in shares of Carlyle Secured Lending in the second quarter valued at about $53,000. Kingsview Wealth Management LLC purchased a new stake in shares of Carlyle Secured Lending in the first quarter valued at about $171,000. Finally, Magnetar Financial LLC purchased a new stake in shares of Carlyle Secured Lending in the second quarter valued at about $189,000. Hedge funds and other institutional investors own 24.51% of the company’s stock.

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.