Carlyle Secured Lending (NASDAQ:CGBD) Research Coverage Started at Citizens Jmp

Citizens Jmp began coverage on shares of Carlyle Secured Lending (NASDAQ:CGBD) in a research report report published on Monday morning, Marketbeat reports. The brokerage issued a market perform rating on the stock.

Several other analysts also recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Carlyle Secured Lending from $12.50 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. 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 report on Tuesday, October 7th. Citigroup assumed coverage on Carlyle Secured Lending in a report on Monday. They set a “market perform” rating for the company. Zacks Research downgraded Carlyle Secured Lending from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Finally, B. Riley reduced their target price on Carlyle Secured Lending from $14.50 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 11th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Carlyle Secured Lending has a consensus rating of “Hold” and a consensus price target of $14.33.

Carlyle Secured Lending Stock Up 0.8%

NASDAQ CGBD opened at $13.13 on Monday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.10. The company has a fifty day moving average of $12.38 and a two-hundred day moving average of $13.29. The firm has a market capitalization of $669.10 million, a price-to-earnings ratio of 11.13 and a beta of 0.68. Carlyle Secured Lending has a 52 week low of $11.55 and a 52 week high of $18.64.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its earnings results on Tuesday, November 4th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). Carlyle Secured Lending had a net margin of 30.18% and a return on equity of 9.24%. The firm had revenue of $66.51 million during the quarter, compared to analysts’ expectations of $69.61 million. On average, analysts predict that Carlyle Secured Lending will post 1.97 earnings per share for the current year.

Carlyle Secured Lending Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.60 dividend on an annualized basis and a yield of 12.2%. Carlyle Secured Lending’s dividend payout ratio (DPR) is 135.59%.

Insider Activity at Carlyle Secured Lending

In other news, Director John G. Nestor sold 7,085 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $11.87, for a total value of $84,098.95. Following the completion of the sale, the director owned 7,508 shares in the company, valued at approximately $89,119.96. The trade was a 48.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Carlyle Secured Lending

Institutional investors have recently bought and sold shares of the business. Rossby Financial LCC purchased a new stake in Carlyle Secured Lending during the third quarter worth $25,000. Quarry LP bought a new position in shares of Carlyle Secured Lending in the 1st quarter worth $32,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Carlyle Secured Lending by 71.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,630 shares of the company’s stock worth $36,000 after purchasing an additional 1,100 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Carlyle Secured Lending during the third quarter valued at about $37,000. Finally, Tower Research Capital LLC TRC boosted its position in Carlyle Secured Lending by 1,011.6% during the second quarter. Tower Research Capital LLC TRC now owns 4,313 shares of the company’s stock valued at $59,000 after purchasing an additional 3,925 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.