Carlyle Secured Lending (NASDAQ:CGBD) Posts Earnings Results, Beats Expectations By $0.01 EPS

Carlyle Secured Lending (NASDAQ:CGBD) issued its earnings results on Tuesday. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01, Zacks reports. Carlyle Secured Lending had a net margin of 40.69% and a return on equity of 12.60%.

Carlyle Secured Lending Price Performance

Shares of Carlyle Secured Lending stock traded down $0.25 on Tuesday, reaching $17.52. The company’s stock had a trading volume of 268,804 shares, compared to its average volume of 208,428. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $891.87 million, a P/E ratio of 9.79 and a beta of 1.57. The stock has a 50-day moving average price of $18.06 and a 200-day moving average price of $17.39. Carlyle Secured Lending has a 52-week low of $15.01 and a 52-week high of $18.74.

Analyst Ratings Changes

Several equities research analysts have weighed in on CGBD shares. Bank of America downgraded 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. Wells Fargo & Company raised their target price on Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. boosted their price target on Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “underweight” rating in a report 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.