Carlyle Secured Lending (NASDAQ:CGBD) Rating Lowered to “Sell” at Wall Street Zen

Carlyle Secured Lending (NASDAQ:CGBD) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Several other research analysts have also recently weighed in on CGBD. Zacks Research upgraded Carlyle Secured Lending from a “strong sell” rating to a “hold” rating in a research report on Tuesday. B. Riley dropped their price objective on shares of Carlyle Secured Lending from $14.50 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 11th. Citigroup started coverage on shares of Carlyle Secured Lending in a research note on Monday. They issued a “market perform” rating for the company. Citizens Jmp initiated coverage on shares of Carlyle Secured Lending in a report on Monday, December 8th. They set a “market perform” rating on the stock. Finally, Raymond James Financial raised shares of Carlyle Secured Lending from a “market perform” rating to an “outperform” rating and set a $15.00 price objective for the company in a report on Tuesday, October 7th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $14.33.

Carlyle Secured Lending Trading Down 0.1%

NASDAQ CGBD opened at $13.02 on Friday. The company has a market capitalization of $663.50 million, a PE ratio of 11.03 and a beta of 0.68. The company has a fifty day moving average of $12.40 and a 200 day moving average of $13.28. Carlyle Secured Lending has a 1 year low of $11.55 and a 1 year high of $18.64. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.90 and a quick ratio of 0.90.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). The company had revenue of $66.51 million for the quarter, compared to analyst estimates of $69.61 million. Carlyle Secured Lending had a return on equity of 9.24% and a net margin of 30.18%. Research analysts forecast that Carlyle Secured Lending will post 1.97 earnings per share for the current year.

Insider Buying and Selling

In other Carlyle Secured Lending news, Director John G. Nestor sold 7,085 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $11.87, for a total transaction of $84,098.95. Following the completion of the transaction, the director owned 7,508 shares of the company’s stock, valued at $89,119.96. This represents a 48.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.61% of the company’s stock.

Institutional Trading of Carlyle Secured Lending

A number of institutional investors have recently made changes to their positions in CGBD. Advisory Research Inc. lifted its holdings in Carlyle Secured Lending by 9.2% in the 3rd quarter. Advisory Research Inc. now owns 11,340 shares of the company’s stock valued at $142,000 after purchasing an additional 953 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Carlyle Secured Lending by 71.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,630 shares of the company’s stock worth $36,000 after buying an additional 1,100 shares in the last quarter. Rossby Financial LCC acquired a new stake in shares of Carlyle Secured Lending in the third quarter valued at about $25,000. Quarry LP purchased a new position in shares of Carlyle Secured Lending in the first quarter worth about $32,000. Finally, CANADA LIFE ASSURANCE Co boosted its position in Carlyle Secured Lending by 4.6% during the second quarter. CANADA LIFE ASSURANCE Co now owns 45,932 shares of the company’s stock worth $629,000 after acquiring an additional 2,040 shares during the last quarter. 24.51% of the stock is owned by institutional investors and hedge funds.

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.