Analysts Set Carlyle Secured Lending, Inc. (NASDAQ:CGBD) PT at $15.10

Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) have received an average rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $14.80.

CGBD has been the topic of a number of research reports. B. Riley restated a “neutral” rating and issued a $14.50 price target (up from $14.00) on shares of Carlyle Secured Lending in a research note on Monday, August 11th. Raymond James Financial assumed coverage on Carlyle Secured Lending in a research report on Thursday, July 17th. They issued a “market perform” rating on the stock. Wells Fargo & Company raised shares of Carlyle Secured Lending from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $13.00 to $15.00 in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. upgraded shares of Carlyle Secured Lending from an “underweight” rating to a “neutral” rating and lowered their price objective for the stock from $13.50 to $12.50 in a research note on Wednesday.

Insider Buying and Selling at Carlyle Secured Lending

In related news, CFO Thomas M. Hennigan bought 7,285 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were bought at an average cost of $13.75 per share, for a total transaction of $100,168.75. Following the completion of the transaction, the chief financial officer owned 88,495 shares of the company’s stock, valued at approximately $1,216,806.25. This trade represents a 8.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John G. Nestor sold 13,238 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $13.49, for a total value of $178,580.62. Following the sale, the director directly owned 14,593 shares of the company’s stock, valued at $196,859.57. This represents a 47.57% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Corient Private Wealth LLC purchased a new stake in Carlyle Secured Lending in the 2nd quarter worth approximately $2,289,000. CANADA LIFE ASSURANCE Co boosted its position in shares of Carlyle Secured Lending by 4.6% in the second quarter. CANADA LIFE ASSURANCE Co now owns 45,932 shares of the company’s stock worth $629,000 after purchasing an additional 2,040 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Carlyle Secured Lending by 1,011.6% in the second quarter. Tower Research Capital LLC TRC now owns 4,313 shares of the company’s stock worth $59,000 after purchasing an additional 3,925 shares in the last quarter. Northeast Financial Consultants Inc raised its position in shares of Carlyle Secured Lending by 139.0% during the 2nd quarter. Northeast Financial Consultants Inc now owns 102,219 shares of the company’s stock valued at $1,398,000 after purchasing an additional 59,449 shares during the period. Finally, Oxford Asset Management LLP bought a new stake in shares of Carlyle Secured Lending during the 2nd quarter valued at $509,000. 24.51% of the stock is currently owned by institutional investors.

Carlyle Secured Lending Stock Up 2.3%

CGBD opened at $12.70 on Tuesday. The stock has a market capitalization of $647.19 million, a price-to-earnings ratio of 10.58 and a beta of 0.89. The firm has a 50 day moving average price of $13.61 and a 200-day moving average price of $14.15. Carlyle Secured Lending has a twelve month low of $12.28 and a twelve month high of $18.64. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.09.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its earnings results on Tuesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. The company had revenue of $67.28 million for the quarter, compared to analysts’ expectations of $67.53 million. Carlyle Secured Lending had a net margin of 29.71% and a return on equity of 9.85%. Equities research analysts forecast that Carlyle Secured Lending will post 1.97 earnings per share for the current year.

Carlyle Secured Lending Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th will be given a $0.40 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.60 annualized dividend and a yield of 12.6%. Carlyle Secured Lending’s dividend payout ratio (DPR) is presently 133.33%.

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.