Carlyle Secured Lending (NASDAQ:CGBD) Given New $17.00 Price Target at Wells Fargo & Company

Carlyle Secured Lending (NASDAQ:CGBD) had its price objective lifted by Wells Fargo & Company from $16.00 to $17.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 6.39% from the stock’s current price.

Carlyle Secured Lending Stock Performance

NASDAQ:CGBD opened at $18.16 on Friday. The stock has a 50-day simple moving average of $17.95 and a two-hundred day simple moving average of $16.77. Carlyle Secured Lending has a 52-week low of $13.31 and a 52-week high of $18.74. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a market capitalization of $922.35 million, a PE ratio of 10.62 and a beta of 1.60.

Carlyle Secured Lending (NASDAQ:CGBD) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. Carlyle Secured Lending had a return on equity of 12.92% and a net margin of 38.15%. The business had revenue of $44.14 million during the quarter, compared to analyst estimates of $42.86 million. Analysts forecast that Carlyle Secured Lending will post 2.05 EPS for the current year.

Hedge Funds Weigh In On Carlyle Secured Lending

Several large investors have recently made changes to their positions in CGBD. International Assets Investment Management LLC lifted its position in shares of Carlyle Secured Lending by 327.2% in the fourth quarter. International Assets Investment Management LLC now owns 271,150 shares of the company’s stock valued at $40,560,000 after acquiring an additional 207,685 shares in the last quarter. Raymond James & Associates lifted its position in shares of Carlyle Secured Lending by 80.8% in the fourth quarter. Raymond James & Associates now owns 131,643 shares of the company’s stock valued at $1,969,000 after acquiring an additional 58,841 shares in the last quarter. Bright Futures Wealth Management LLC. purchased a new position in shares of Carlyle Secured Lending in the first quarter valued at about $873,000. Hennion & Walsh Asset Management Inc. lifted its position in shares of Carlyle Secured Lending by 166.6% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 81,929 shares of the company’s stock valued at $1,334,000 after acquiring an additional 51,201 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in shares of Carlyle Secured Lending in the fourth quarter valued at about $656,000. 24.51% of the stock is currently owned by hedge funds and other institutional investors.

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.