Brokerages Set Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Price Target at $13.80

Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) have earned a consensus rating of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $13.60.

CGBD has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their price target on Carlyle Secured Lending from $12.50 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Citizens Jmp began coverage on shares of Carlyle Secured Lending in a report on Monday, December 8th. They issued a “market perform” rating for the company. B. Riley Financial upgraded shares of Carlyle Secured Lending from a “neutral” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Wednesday, February 25th. Wells Fargo & Company dropped their price target on Carlyle Secured Lending from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Finally, Zacks Research raised shares of Carlyle Secured Lending from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 9th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Choreo LLC bought a new position in shares of Carlyle Secured Lending during the 2nd quarter valued at approximately $20,529,000. Rivernorth Capital Management LLC grew its holdings in Carlyle Secured Lending by 58.2% during the 4th quarter. Rivernorth Capital Management LLC now owns 1,900,728 shares of the company’s stock worth $23,740,000 after acquiring an additional 699,586 shares in the last quarter. Cliffwater LLC purchased a new position in Carlyle Secured Lending during the second quarter valued at approximately $7,505,000. Toronto Dominion Bank bought a new position in shares of Carlyle Secured Lending in the 4th quarter worth $6,245,000. Finally, Two Sigma Investments LP boosted its holdings in shares of Carlyle Secured Lending by 199.4% in the 3rd quarter. Two Sigma Investments LP now owns 727,570 shares of the company’s stock valued at $9,095,000 after buying an additional 484,581 shares in the last quarter. 24.51% of the stock is currently owned by institutional investors.

Carlyle Secured Lending Trading Up 0.7%

Shares of CGBD stock opened at $11.30 on Friday. The firm has a market cap of $575.85 million, a P/E ratio of 11.08 and a beta of 0.70. The business has a 50-day moving average price of $12.18 and a two-hundred day moving average price of $12.60. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.31. Carlyle Secured Lending has a 12-month low of $10.87 and a 12-month high of $17.40.

Carlyle Secured Lending (NASDAQ:CGBD) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.05). Carlyle Secured Lending had a net margin of 27.38% and a return on equity of 8.56%. The business had revenue of $66.91 million for the quarter, compared to analysts’ expectations of $67.26 million. Equities analysts anticipate that Carlyle Secured Lending will post 1.97 EPS for the current fiscal year.

Carlyle Secured Lending Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Tuesday, March 31st will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, March 31st. This represents a $1.60 annualized dividend and a dividend yield of 14.2%. Carlyle Secured Lending’s dividend payout ratio (DPR) is currently 156.86%.

Carlyle Secured Lending Company Profile

Carlyle Secured Lending, Inc (NASDAQ: CGBD) is a closed-end, non-diversified business development company that provides customized debt financing solutions to middle-market companies. Chartered under the Investment Company Act of 1940, the company invests primarily in floating-rate senior secured loans, including first-lien, unitranche and one-stop structures. Its objective is to generate current income and capital appreciation through disciplined credit selection and active portfolio management.

The firm focuses on U.S.