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

Carlyle Secured Lending (NASDAQ:CGBD) had its price target raised by Wells Fargo & Company from $16.00 to $17.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential downside of 8.26% from the company’s previous close.

Carlyle Secured Lending Trading Down 0.1 %

NASDAQ CGBD traded down $0.02 on Wednesday, reaching $18.53. The company had a trading volume of 22,401 shares, compared to its average volume of 196,766. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.99. Carlyle Secured Lending has a 52 week low of $14.76 and a 52 week high of $18.74. The stock has a market cap of $943.36 million, a price-to-earnings ratio of 10.35 and a beta of 1.57. The stock’s 50 day moving average is $17.81 and its 200-day moving average is $17.33.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $39.92 million. Carlyle Secured Lending had a net margin of 40.69% and a return on equity of 12.60%. During the same period last year, the company posted $0.52 EPS. Equities analysts predict that Carlyle Secured Lending will post 1.98 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CGBD. Kimelman & Baird LLC acquired a new stake in shares of Carlyle Secured Lending during the second quarter worth about $35,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Carlyle Secured Lending during the 2nd quarter worth approximately $52,000. EMC Capital Management lifted its stake in Carlyle Secured Lending by 56.9% in the fourth quarter. EMC Capital Management now owns 13,021 shares of the company’s stock valued at $233,000 after buying an additional 4,722 shares in the last quarter. Great Valley Advisor Group Inc. boosted its holdings in shares of Carlyle Secured Lending by 12.9% in the third quarter. Great Valley Advisor Group Inc. now owns 13,165 shares of the company’s stock valued at $223,000 after buying an additional 1,500 shares during the period. Finally, Jane Street Group LLC increased its position in shares of Carlyle Secured Lending by 30.9% during the third quarter. Jane Street Group LLC now owns 13,775 shares of the company’s stock worth $234,000 after acquiring an additional 3,249 shares in the last quarter. 24.51% of the stock is currently owned by institutional investors.

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.