Carlyle Secured Lending (NASDAQ:CGBD) Price Target Lowered to $16.00 at Wells Fargo & Company

Carlyle Secured Lending (NASDAQ:CGBD) had its price target decreased by analysts at Wells Fargo & Company from $17.00 to $16.00 in a research note issued on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential downside of 3.90% from the company’s current price.

Separately, JPMorgan Chase & Co. lowered Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 target price on the stock. in a research note on Monday, July 29th.

Carlyle Secured Lending Stock Performance

Shares of NASDAQ:CGBD traded up $0.24 on Thursday, hitting $16.65. The company had a trading volume of 57,488 shares, compared to its average volume of 209,737. The stock has a market cap of $845.74 million, a price-to-earnings ratio of 8.40 and a beta of 1.59. The stock has a 50 day moving average price of $17.16 and a 200 day moving average price of $17.40. Carlyle Secured Lending has a 1-year low of $14.02 and a 1-year high of $18.74. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.05.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $55.97 million for the quarter, compared to analyst estimates of $39.92 million. Carlyle Secured Lending had a net margin of 44.19% and a return on equity of 12.74%. During the same quarter in the prior year, the business earned $0.52 EPS. Analysts expect that Carlyle Secured Lending will post 1.96 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CGBD. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Carlyle Secured Lending by 2.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 258,774 shares of the company’s stock valued at $4,213,000 after buying an additional 6,527 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Carlyle Secured Lending by 15.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 51,117 shares of the company’s stock valued at $832,000 after acquiring an additional 6,947 shares in the last quarter. Condor Capital Management raised its holdings in Carlyle Secured Lending by 7.9% in the 1st quarter. Condor Capital Management now owns 227,327 shares of the company’s stock valued at $3,701,000 after acquiring an additional 16,714 shares in the last quarter. Kingsview Wealth Management LLC bought a new stake in shares of Carlyle Secured Lending during the 1st quarter valued at $171,000. Finally, CANADA LIFE ASSURANCE Co grew its holdings in shares of Carlyle Secured Lending by 13.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 46,578 shares of the company’s stock worth $759,000 after purchasing an additional 5,500 shares in the last quarter. Institutional investors and hedge funds own 24.51% of the company’s stock.

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.