Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Stock Has Average Target Price of $12.25

Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) have been assigned a consensus rating of “Hold” from the seven analysts that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $12.25.

Separately, Wells Fargo & Company set a $11.00 target price on Carlyle Secured Lending in a research note on Tuesday.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp grew its holdings in shares of Carlyle Secured Lending by 33.2% in the second quarter. Van ECK Associates Corp now owns 1,748,836 shares of the company’s stock valued at $18,415,000 after purchasing an additional 436,365 shares in the last quarter. Lalia Capital LLC acquired a new stake in Carlyle Secured Lending during the 2nd quarter worth approximately $9,765,000. North Ground Capital purchased a new position in Carlyle Secured Lending in the 2nd quarter valued at approximately $6,486,480. Legal & General Group Plc purchased a new position in Carlyle Secured Lending in the 2nd quarter valued at approximately $6,090,000. Finally, Alpine Global Management LLC grew its stake in shares of Carlyle Secured Lending by 82.5% in the fourth quarter. Alpine Global Management LLC now owns 457,342 shares of the company’s stock worth $5,712,000 after acquiring an additional 206,733 shares in the last quarter. Hedge funds and other institutional investors own 24.51% of the company’s stock.

Carlyle Secured Lending Trading Down 0.4%

CGBD opened at $11.20 on Tuesday. Carlyle Secured Lending has a 52 week low of $9.94 and a 52 week high of $13.28. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.20. The business has a fifty day simple moving average of $11.11 and a 200-day simple moving average of $11.05. The firm has a market cap of $770.67 million, a P/E ratio of 21.96 and a beta of 0.64.

Carlyle Secured Lending Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.35 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.40 dividend on an annualized basis and a yield of 12.5%. Carlyle Secured Lending’s dividend payout ratio is 274.51%.

Carlyle Secured Lending Company Profile

Carlyle Secured Lending, Inc (NASDAQ: CGBD) is a business development company that provides financing to privately owned, middle-market companies. The company’s investment objective is to generate current income and, to a lesser extent, capital appreciation by investing in debt and equity securities.

Carlyle Secured Lending primarily invests in senior secured loans, including first-lien and second-lien loans, as well as subordinated debt and select equity investments. Its portfolio companies operate across a range of industries, and the company generally focuses on established businesses with experienced management teams and significant private equity sponsorship.

The company invests primarily in the United States and is externally managed by Carlyle Global Credit Investment Management LLC, an affiliate of The Carlyle Group.