Cerity Partners LLC Buys Shares of 10,505 Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Cerity Partners LLC bought a new stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) in the 1st quarter, HoldingsChannel reports. The firm bought 10,505 shares of the company’s stock, valued at approximately $170,000.

Other large investors also recently added to or reduced their stakes in the company. Invesco Ltd. increased its holdings in shares of Carlyle Secured Lending by 1,449.1% during the 4th quarter. Invesco Ltd. now owns 659,564 shares of the company’s stock worth $11,826,000 after buying an additional 616,988 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Carlyle Secured Lending during the 4th quarter worth approximately $3,223,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Carlyle Secured Lending during the 4th quarter worth approximately $2,340,000. Comerica Bank increased its holdings in shares of Carlyle Secured Lending by 859.5% during the 4th quarter. Comerica Bank now owns 88,445 shares of the company’s stock worth $1,586,000 after buying an additional 79,227 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Carlyle Secured Lending by 3.8% during the 4th quarter. Bank of America Corp DE now owns 1,192,606 shares of the company’s stock worth $21,383,000 after buying an additional 44,033 shares during the last quarter. 24.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CGBD. Oppenheimer cut their price target on shares of Carlyle Secured Lending from $17.00 to $15.00 and set a “market perform” rating for the company in a report on Thursday, May 8th. B. Riley upgraded shares of Carlyle Secured Lending to a “hold” rating in a report on Monday, June 16th. JPMorgan Chase & Co. dropped their target price on shares of Carlyle Secured Lending from $17.00 to $14.00 and set an “underweight” rating for the company in a report on Thursday, April 24th. Wells Fargo & Company upgraded shares of Carlyle Secured Lending from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $13.00 to $15.00 in a report on Friday, July 25th. Finally, Raymond James Financial began coverage on shares of Carlyle Secured Lending in a report on Thursday, July 17th. They issued a “market perform” rating for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Carlyle Secured Lending presently has a consensus rating of “Hold” and an average price target of $15.25.

Carlyle Secured Lending Stock Up 0.9%

Carlyle Secured Lending stock opened at $14.10 on Wednesday. Carlyle Secured Lending, Inc. has a fifty-two week low of $13.12 and a fifty-two week high of $18.64. The company has a debt-to-equity ratio of 1.03, a quick ratio of 3.55 and a current ratio of 3.55. The firm has a 50 day moving average price of $13.96 and a 200 day moving average price of $15.52. The company has a market capitalization of $718.54 million, a PE ratio of 10.44 and a beta of 0.85.

Carlyle Secured Lending (NASDAQ:CGBD) last posted its earnings results on Tuesday, May 6th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.02). The company had revenue of $54.60 million during the quarter, compared to analyst estimates of $55.50 million. Carlyle Secured Lending had a net margin of 32.72% and a return on equity of 10.49%. Research analysts expect that Carlyle Secured Lending, Inc. will post 1.97 earnings per share for the current year.

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.