Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Receives $13.20 Average Target Price from Brokerages

Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) have been given an average rating of “Hold” by the eight brokerages that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $13.20.

A number of research analysts have recently weighed in on the stock. B. Riley Financial raised shares of Carlyle Secured Lending from a “neutral” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Wednesday, February 25th. JPMorgan Chase & Co. cut their price objective on shares of Carlyle Secured Lending from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, March 13th. Wall Street Zen raised shares of Carlyle Secured Lending from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Finally, Wells Fargo & Company cut their price objective on shares of Carlyle Secured Lending from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, February 27th.

Insider Buying and Selling

In related news, Director John G. Nestor sold 4,401 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $11.29, for a total value of $49,687.29. Following the completion of the transaction, the director directly owned 5,516 shares of the company’s stock, valued at approximately $62,275.64. This trade represents a 44.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Rivernorth Capital Management LLC boosted its holdings in Carlyle Secured Lending by 58.2% in the 4th quarter. Rivernorth Capital Management LLC now owns 1,900,728 shares of the company’s stock worth $23,740,000 after buying an additional 699,586 shares during the period. North Ground Capital boosted its holdings in Carlyle Secured Lending by 91.6% in the 4th quarter. North Ground Capital now owns 912,220 shares of the company’s stock worth $11,394,000 after buying an additional 436,086 shares during the period. Invesco Ltd. lifted its stake in Carlyle Secured Lending by 15.6% in the 3rd quarter. Invesco Ltd. now owns 901,237 shares of the company’s stock worth $11,265,000 after purchasing an additional 121,651 shares in the last quarter. UBS Group AG lifted its stake in Carlyle Secured Lending by 35.7% in the 4th quarter. UBS Group AG now owns 862,260 shares of the company’s stock worth $10,770,000 after purchasing an additional 226,776 shares in the last quarter. Finally, Muzinich & Co. Inc. lifted its stake in Carlyle Secured Lending by 47.3% in the 4th quarter. Muzinich & Co. Inc. now owns 736,442 shares of the company’s stock worth $9,198,000 after purchasing an additional 236,524 shares in the last quarter. 24.51% of the stock is owned by institutional investors.

Carlyle Secured Lending Stock Up 0.8%

Carlyle Secured Lending stock opened at $11.91 on Friday. Carlyle Secured Lending has a twelve month low of $10.61 and a twelve month high of $15.15. The firm has a 50 day moving average price of $11.29 and a 200-day moving average price of $12.05. The company has a market capitalization of $835.25 million, a P/E ratio of 11.68 and a beta of 0.65. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.31.

Carlyle Secured Lending (NASDAQ:CGBD) last released its earnings results on Tuesday, February 24th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.05). Carlyle Secured Lending had a net margin of 27.38% and a return on equity of 8.56%. The company had revenue of $66.91 million for the quarter, compared to the consensus estimate of $67.26 million. As a group, equities analysts predict that Carlyle Secured Lending will post 1.44 EPS for the current year.

Carlyle Secured Lending Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Investors of record on Tuesday, March 31st were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.60 annualized dividend and a yield of 13.4%. Carlyle Secured Lending’s dividend payout ratio (DPR) is 156.86%.

Carlyle Secured Lending Company Profile

Carlyle Secured Lending, Inc (NASDAQ: CGBD) is a closed-end, non-diversified business development company that provides customized debt financing solutions to middle-market companies. Chartered under the Investment Company Act of 1940, the company invests primarily in floating-rate senior secured loans, including first-lien, unitranche and one-stop structures. Its objective is to generate current income and capital appreciation through disciplined credit selection and active portfolio management.

The firm focuses on U.S.