Carlyle Secured Lending (NASDAQ:CGBD) Given New $17.00 Price Target at Wells Fargo & Company

Carlyle Secured Lending (NASDAQ:CGBD) had its price objective increased by Wells Fargo & Company from $16.00 to $17.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an equal weight rating on the stock.

Separately, JPMorgan Chase & Co. downgraded Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 target price for the company. in a research report on Monday, July 29th.

Carlyle Secured Lending Stock Down 1.7 %

CGBD opened at $16.71 on Tuesday. The company has a market capitalization of $848.78 million, a P/E ratio of 8.44 and a beta of 1.59. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.85 and a quick ratio of 1.85. The firm’s fifty day moving average price is $17.17 and its two-hundred day moving average price is $17.39. Carlyle Secured Lending has a fifty-two week low of $13.82 and a fifty-two week high of $18.74.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its earnings results on Monday, August 5th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. Carlyle Secured Lending had a net margin of 44.19% and a return on equity of 12.74%. The business had revenue of $58.26 million for the quarter, compared to analyst estimates of $42.21 million. During the same period in the previous year, the business earned $0.52 EPS. On average, analysts anticipate that Carlyle Secured Lending will post 1.96 EPS for the current year.

Hedge Funds Weigh In On Carlyle Secured Lending

Several institutional investors have recently added to or reduced their stakes in the company. Great Valley Advisor Group Inc. raised its stake in shares of Carlyle Secured Lending by 5.1% in the second quarter. Great Valley Advisor Group Inc. now owns 11,665 shares of the company’s stock valued at $207,000 after acquiring an additional 565 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its position in Carlyle Secured Lending by 3.1% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 46,731 shares of the company’s stock valued at $829,000 after purchasing an additional 1,400 shares during the last quarter. Verdence Capital Advisors LLC boosted its stake in Carlyle Secured Lending by 5.0% in the second quarter. Verdence Capital Advisors LLC now owns 29,152 shares of the company’s stock worth $517,000 after purchasing an additional 1,400 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Carlyle Secured Lending by 8.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,150 shares of the company’s stock worth $325,000 after purchasing an additional 1,546 shares during the last quarter. Finally, United Advisor Group LLC increased its stake in shares of Carlyle Secured Lending by 13.6% in the third quarter. United Advisor Group LLC now owns 15,105 shares of the company’s stock valued at $256,000 after buying an additional 1,803 shares in the last quarter. 24.51% of the stock is owned by institutional investors.

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.