Oppenheimer Has Lowered Expectations for Carlyle Secured Lending (NASDAQ:CGBD) Stock Price

Carlyle Secured Lending (NASDAQ:CGBD) had its target price decreased by equities researchers at Oppenheimer from $17.00 to $15.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Oppenheimer’s price target would suggest a potential upside of 9.73% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Wells Fargo & Company dropped their price objective on shares of Carlyle Secured Lending from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Thursday. JPMorgan Chase & Co. dropped their price target on Carlyle Secured Lending from $17.00 to $14.00 and set an “underweight” rating for the company in a research note on Thursday, April 24th. Finally, Bank of America downgraded Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 price objective on the stock. in a report on Monday, February 10th.

Carlyle Secured Lending Price Performance

Carlyle Secured Lending stock opened at $13.67 on Thursday. The firm has a market cap of $696.58 million, a PE ratio of 7.64 and a beta of 0.93. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.11 and a quick ratio of 1.11. The stock’s fifty day moving average price is $15.40 and its two-hundred day moving average price is $16.85. Carlyle Secured Lending has a one year low of $13.12 and a one year high of $18.74.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.02). Carlyle Secured Lending had a net margin of 40.69% and a return on equity of 12.60%. The firm had revenue of $54.60 million during the quarter, compared to the consensus estimate of $55.50 million. As a group, research analysts expect that Carlyle Secured Lending will post 1.97 EPS for the current fiscal year.

Institutional Investors Weigh In On Carlyle Secured Lending

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC grew its stake in shares of Carlyle Secured Lending by 30.9% in the 3rd quarter. Jane Street Group LLC now owns 13,775 shares of the company’s stock valued at $234,000 after buying an additional 3,249 shares during the period. Franklin Resources Inc. acquired a new stake in Carlyle Secured Lending in the third quarter valued at approximately $585,000. Redhawk Wealth Advisors Inc. increased its holdings in shares of Carlyle Secured Lending by 5.7% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 39,403 shares of the company’s stock valued at $706,000 after acquiring an additional 2,139 shares in the last quarter. Herbst Group LLC raised its position in shares of Carlyle Secured Lending by 4.2% during the fourth quarter. Herbst Group LLC now owns 127,180 shares of the company’s stock worth $2,280,000 after purchasing an additional 5,120 shares during the period. Finally, Grimes & Company Inc. lifted its holdings in shares of Carlyle Secured Lending by 28.6% in the 4th quarter. Grimes & Company Inc. now owns 30,104 shares of the company’s stock worth $540,000 after purchasing an additional 6,690 shares in the last quarter. 24.51% of the stock is owned by institutional investors.

About Carlyle Secured Lending

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.