Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Receives $14.33 Average PT from Analysts

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) has earned a consensus recommendation of “Hold” from the nine research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $14.3333.

Several brokerages recently weighed in on CGBD. JPMorgan Chase & Co. dropped their target price 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. Wall Street Zen upgraded Carlyle Secured Lending from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Wells Fargo & Company cut their price objective on shares of Carlyle Secured Lending from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Zacks Research upgraded shares of Carlyle Secured Lending from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, Citigroup started coverage on shares of Carlyle Secured Lending in a research report on Monday, December 8th. They set a “market perform” rating on the stock.

Carlyle Secured Lending Price Performance

NASDAQ CGBD opened at $11.98 on Monday. The firm’s fifty day simple moving average is $12.63 and its two-hundred day simple moving average is $12.88. The firm has a market capitalization of $610.50 million, a P/E ratio of 10.15 and a beta of 0.70. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.10. Carlyle Secured Lending has a 12-month low of $11.55 and a 12-month high of $18.44.

Insider Buying and Selling at Carlyle Secured Lending

In related news, Director John G. Nestor sold 7,085 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $11.87, for a total value of $84,098.95. Following the transaction, the director directly owned 7,508 shares of the company’s stock, valued at $89,119.96. This represents a 48.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Royal Bank of Canada lifted its holdings in shares of Carlyle Secured Lending by 1.9% during the first quarter. Royal Bank of Canada now owns 275,612 shares of the company’s stock worth $4,460,000 after purchasing an additional 5,054 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in Carlyle Secured Lending during the 2nd quarter valued at approximately $214,000. Prime Capital Investment Advisors LLC purchased a new stake in shares of Carlyle Secured Lending in the 2nd quarter valued at $30,158,000. Eagle Strategies LLC acquired a new stake in shares of Carlyle Secured Lending in the second quarter worth $203,000. Finally, Hager Investment Management Services LLC increased its stake in shares of Carlyle Secured Lending by 4.5% in the second quarter. Hager Investment Management Services LLC now owns 236,263 shares of the company’s stock worth $3,232,000 after acquiring an additional 10,097 shares during the period. 24.51% of the stock is owned by institutional investors and hedge funds.

About Carlyle Secured Lending

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.