Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Receives $14.83 Consensus Target Price from Analysts

Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) have been given a consensus rating of “Hold” by the six brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $14.8333.

CGBD has been the topic of a number of analyst reports. Raymond James Financial upgraded Carlyle Secured Lending from a “market perform” rating to an “outperform” rating and set a $15.00 price target on the stock in a research report on Tuesday, October 7th. B. Riley reissued a “neutral” rating and set a $14.50 target price (up previously from $14.00) on shares of Carlyle Secured Lending in a research report on Monday, August 11th. Wells Fargo & Company upgraded shares of Carlyle Secured Lending from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $13.00 to $15.00 in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. upgraded shares of Carlyle Secured Lending from an “underweight” rating to a “neutral” rating and dropped their price target for the stock from $13.50 to $12.50 in a research report on Wednesday, October 1st.

Insider Buying and Selling at Carlyle Secured Lending

In other news, Director John G. Nestor sold 13,238 shares of Carlyle Secured Lending stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $13.49, for a total value of $178,580.62. Following the completion of the transaction, the director directly owned 14,593 shares of the company’s stock, valued at approximately $196,859.57. This trade represents a 47.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Thomas M. Hennigan acquired 7,285 shares of the company’s stock in a transaction dated Wednesday, August 20th. The stock was acquired at an average cost of $13.75 per share, for a total transaction of $100,168.75. Following the completion of the purchase, the chief financial officer directly owned 88,495 shares in the company, valued at $1,216,806.25. This trade represents a 8.97% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.61% of the stock is owned by insiders.

Institutional Investors Weigh In On Carlyle Secured Lending

A number of hedge funds have recently added to or reduced their stakes in CGBD. Sunbelt Securities Inc. lifted its stake in Carlyle Secured Lending by 17.1% in the first quarter. Sunbelt Securities Inc. now owns 10,297 shares of the company’s stock valued at $167,000 after buying an additional 1,500 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Carlyle Secured Lending by 19.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 61,709 shares of the company’s stock valued at $998,000 after acquiring an additional 10,196 shares in the last quarter. Round Rock Advisors LLC lifted its position in shares of Carlyle Secured Lending by 146.6% during the 1st quarter. Round Rock Advisors LLC now owns 45,800 shares of the company’s stock valued at $741,000 after acquiring an additional 27,230 shares during the period. Cerity Partners LLC bought a new position in Carlyle Secured Lending during the first quarter worth $170,000. Finally, BluePointe Capital Management LLC grew its holdings in Carlyle Secured Lending by 4.9% in the first quarter. BluePointe Capital Management LLC now owns 61,517 shares of the company’s stock worth $1,024,000 after purchasing an additional 2,853 shares during the period. 24.51% of the stock is currently owned by institutional investors.

Carlyle Secured Lending Price Performance

CGBD stock opened at $12.64 on Friday. The company has a market capitalization of $644.13 million, a P/E ratio of 10.53 and a beta of 0.89. The company has a fifty day moving average price of $13.02 and a 200-day moving average price of $13.67. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.73 and a current ratio of 0.73. Carlyle Secured Lending has a 52-week low of $11.65 and a 52-week high of $18.64.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. The company had revenue of $67.28 million for the quarter, compared to analysts’ expectations of $67.53 million. Carlyle Secured Lending had a net margin of 29.71% and a return on equity of 9.85%. As a group, equities analysts expect that Carlyle Secured Lending will post 1.97 EPS for the current year.

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.