Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Short Interest Update

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 542,600 shares, a growth of 9.9% from the January 15th total of 493,600 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average daily volume of 212,700 shares, the days-to-cover ratio is currently 2.6 days.

Carlyle Secured Lending Stock Performance

NASDAQ CGBD traded up $0.22 during trading hours on Monday, hitting $17.68. The company’s stock had a trading volume of 228,384 shares, compared to its average volume of 168,867. Carlyle Secured Lending has a 12 month low of $14.92 and a 12 month high of $18.74. The company’s 50 day simple moving average is $18.05 and its two-hundred day simple moving average is $17.34. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $900.09 million, a P/E ratio of 9.88 and a beta of 1.57.

Institutional Trading of Carlyle Secured Lending

A number of large investors have recently made changes to their positions in CGBD. Novare Capital Management LLC increased its position in Carlyle Secured Lending by 0.5% during the fourth quarter. Novare Capital Management LLC now owns 178,705 shares of the company’s stock valued at $3,204,000 after acquiring an additional 900 shares during the last quarter. Stifel Financial Corp raised its position in Carlyle Secured Lending by 3.6% in the third quarter. Stifel Financial Corp now owns 30,274 shares of the company’s stock worth $514,000 after acquiring an additional 1,039 shares during the period. Lido Advisors LLC raised its position in Carlyle Secured Lending by 12.3% in the fourth quarter. Lido Advisors LLC now owns 11,416 shares of the company’s stock worth $210,000 after acquiring an additional 1,247 shares during the period. HighTower Advisors LLC boosted its stake in shares of Carlyle Secured Lending by 1.9% during the 4th quarter. HighTower Advisors LLC now owns 75,065 shares of the company’s stock worth $1,346,000 after acquiring an additional 1,373 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in shares of Carlyle Secured Lending by 5.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 31,058 shares of the company’s stock valued at $527,000 after acquiring an additional 1,490 shares during the period. 24.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CGBD has been the topic of several recent analyst reports. Wells Fargo & Company raised their target price on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Bank of America lowered Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 price target on the stock. in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. increased their target price on Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd.

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.