Wells Fargo & Company Lowers Carlyle Secured Lending (NASDAQ:CGBD) Price Target to $16.00

Carlyle Secured Lending (NASDAQ:CGBD) had its price target lowered by research analysts at Wells Fargo & Company from $17.00 to $16.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price points to a potential downside of 2.85% from the company’s current price.

Separately, JPMorgan Chase & Co. lowered shares of Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 price target for the company. in a research note on Monday, July 29th.

Carlyle Secured Lending Stock Down 0.7 %

NASDAQ:CGBD opened at $16.47 on Thursday. The firm has a market cap of $836.51 million, a P/E ratio of 8.32 and a beta of 1.59. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.85 and a current ratio of 1.85. Carlyle Secured Lending has a fifty-two week low of $14.14 and a fifty-two week high of $18.74. The firm has a 50-day simple moving average of $17.14 and a two-hundred day simple moving average of $17.39.

Carlyle Secured Lending (NASDAQ:CGBD) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $55.97 million during the quarter, compared to analyst estimates of $39.92 million. Carlyle Secured Lending had a net margin of 44.19% and a return on equity of 12.74%. During the same period last year, the business earned $0.52 EPS. Analysts predict that Carlyle Secured Lending will post 1.96 earnings per share for the current fiscal year.

Institutional Trading of Carlyle Secured Lending

A number of large investors have recently made changes to their positions in CGBD. Great Valley Advisor Group Inc. boosted its holdings in shares of Carlyle Secured Lending by 5.1% in the second quarter. Great Valley Advisor Group Inc. now owns 11,665 shares of the company’s stock worth $207,000 after buying an additional 565 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Carlyle Secured Lending by 3.1% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 46,731 shares of the company’s stock worth $829,000 after buying an additional 1,400 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in shares of Carlyle Secured Lending by 5.0% in the second quarter. Verdence Capital Advisors LLC now owns 29,152 shares of the company’s stock worth $517,000 after buying an additional 1,400 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Carlyle Secured Lending by 8.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,150 shares of the company’s stock worth $325,000 after buying an additional 1,546 shares during the last quarter. Finally, United Advisor Group LLC boosted its holdings in shares of Carlyle Secured Lending by 13.6% in the third quarter. United Advisor Group LLC now owns 15,105 shares of the company’s stock worth $256,000 after buying an additional 1,803 shares during the last quarter. 24.51% of the stock is currently owned by 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.