Denali Advisors LLC Cuts Stock Position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Denali Advisors LLC lowered its stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 6.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 140,447 shares of the company’s stock after selling 10,484 shares during the period. Denali Advisors LLC owned 0.28% of Carlyle Secured Lending worth $2,518,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Canton Hathaway LLC purchased a new stake in shares of Carlyle Secured Lending in the 4th quarter worth approximately $47,000. Edge Capital Group LLC grew its stake in shares of Carlyle Secured Lending by 470.2% in the 4th quarter. Edge Capital Group LLC now owns 64,518 shares of the company’s stock worth $1,157,000 after buying an additional 53,204 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of Carlyle Secured Lending by 3.5% in the 4th quarter. Global Retirement Partners LLC now owns 50,093 shares of the company’s stock worth $898,000 after buying an additional 1,679 shares during the last quarter. Apollon Wealth Management LLC grew its stake in shares of Carlyle Secured Lending by 53.1% in the 4th quarter. Apollon Wealth Management LLC now owns 30,386 shares of the company’s stock worth $545,000 after buying an additional 10,538 shares during the last quarter. Finally, Hager Investment Management Services LLC purchased a new stake in Carlyle Secured Lending during the 4th quarter valued at $4,093,000. Hedge funds and other institutional investors own 24.51% of the company’s stock.

Analysts Set New Price Targets

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

Carlyle Secured Lending Price Performance

NASDAQ CGBD opened at $17.52 on Wednesday. The business’s fifty day moving average price is $18.06 and its 200-day moving average price is $17.40. The stock has a market capitalization of $891.87 million, a price-to-earnings ratio of 9.79 and a beta of 1.57. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.11 and a quick ratio of 1.11. Carlyle Secured Lending, Inc. has a 1-year low of $15.01 and a 1-year high of $18.74.

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.