Carlyle Secured Lending (NASDAQ:CGBD) Coverage Initiated at Raymond James Financial

Raymond James Financial initiated coverage on shares of Carlyle Secured Lending (NASDAQ:CGBD) in a research note issued on Thursday, Marketbeat Ratings reports. The brokerage set a “market perform” rating on the stock.

CGBD has been the topic of a number of other research reports. Wells Fargo & Company reduced their price objective on Carlyle Secured Lending from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 8th. Oppenheimer cut their price target on Carlyle Secured Lending from $17.00 to $15.00 and set a “market perform” rating on the stock in a report on Thursday, May 8th. JPMorgan Chase & Co. dropped their price objective on shares of Carlyle Secured Lending from $17.00 to $14.00 and set an “underweight” rating on the stock in a research note on Thursday, April 24th. Finally, B. Riley upgraded shares of Carlyle Secured Lending to a “hold” rating in a research note on Monday, June 16th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, Carlyle Secured Lending currently has a consensus rating of “Hold” and an average price target of $14.75.

Carlyle Secured Lending Trading Down 1.3%

NASDAQ:CGBD opened at $13.97 on Thursday. The business has a 50 day moving average price of $13.97 and a two-hundred day moving average price of $15.72. Carlyle Secured Lending has a twelve month low of $13.12 and a twelve month high of $18.64. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.03. The company has a market cap of $711.91 million, a P/E ratio of 10.35 and a beta of 0.85.

Carlyle Secured Lending (NASDAQ:CGBD) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.02). The business had revenue of $54.60 million during the quarter, compared to the consensus estimate of $55.50 million. Carlyle Secured Lending had a net margin of 32.72% and a return on equity of 10.49%. As a group, analysts expect that Carlyle Secured Lending will post 1.97 EPS for the current fiscal year.

Institutional Trading of Carlyle Secured Lending

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP purchased a new stake in shares of Carlyle Secured Lending during the 1st quarter worth approximately $32,000. Aquatic Capital Management LLC increased its position in Carlyle Secured Lending by 541.8% in the fourth quarter. Aquatic Capital Management LLC now owns 2,567 shares of the company’s stock worth $46,000 after purchasing an additional 2,167 shares during the last quarter. Canton Hathaway LLC raised its stake in Carlyle Secured Lending by 271.0% during the first quarter. Canton Hathaway LLC now owns 9,795 shares of the company’s stock valued at $158,000 after purchasing an additional 7,155 shares in the last quarter. Sunbelt Securities Inc. lifted its position in Carlyle Secured Lending by 17.1% during the first quarter. Sunbelt Securities Inc. now owns 10,297 shares of the company’s stock valued at $167,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Cerity Partners LLC purchased a new position in shares of Carlyle Secured Lending in the 1st quarter worth $170,000. Institutional investors 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.