Carlyle Secured Lending (NASDAQ:CGBD) Announces Earnings Results

Carlyle Secured Lending (NASDAQ:CGBD) released its earnings results on Tuesday. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.02), FiscalAI reports. Carlyle Secured Lending had a net margin of 30.18% and a return on equity of 9.24%. The firm had revenue of $66.91 million during the quarter, compared to the consensus estimate of $67.26 million.

Carlyle Secured Lending Trading Up 3.2%

Shares of CGBD stock traded up $0.35 during mid-day trading on Tuesday, reaching $11.45. 880,864 shares of the stock traded hands, compared to its average volume of 544,140. The company has a market cap of $583.46 million, a price-to-earnings ratio of 9.70 and a beta of 0.70. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.10. The stock’s fifty day simple moving average is $12.39 and its two-hundred day simple moving average is $12.72. Carlyle Secured Lending has a 1-year low of $11.06 and a 1-year high of $18.40.

Analyst Ratings Changes

Several brokerages have commented on CGBD. Wall Street Zen upgraded shares of Carlyle Secured Lending from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. Citizens Jmp began coverage on Carlyle Secured Lending in a research note on Monday, December 8th. They issued a “market perform” rating on the stock. Citigroup initiated coverage on Carlyle Secured Lending in a research report on Monday, December 8th. They set a “market perform” rating for the company. Wells Fargo & Company reduced their price objective on Carlyle Secured Lending from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Finally, B. Riley Financial lowered their target price on Carlyle Secured Lending from $14.50 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, November 11th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Carlyle Secured Lending presently has an average rating of “Hold” and a consensus target price of $13.80.

Hedge Funds Weigh In On Carlyle Secured Lending

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new stake in shares of Carlyle Secured Lending in the 4th quarter valued at $285,000. Sunbelt Securities Inc. raised its holdings in shares of Carlyle Secured Lending by 3.3% during the fourth quarter. Sunbelt Securities Inc. now owns 34,182 shares of the company’s stock valued at $427,000 after purchasing an additional 1,100 shares during the period. Mackenzie Financial Corp boosted its position in shares of Carlyle Secured Lending by 3.2% during the 4th quarter. Mackenzie Financial Corp now owns 27,466 shares of the company’s stock worth $348,000 after purchasing an additional 857 shares in the last quarter. XTX Topco Ltd bought a new stake in Carlyle Secured Lending in the 4th quarter valued at about $1,171,000. Finally, Toronto Dominion Bank acquired a new position in Carlyle Secured Lending during the 4th quarter worth approximately $6,245,000. 24.51% of the stock is currently owned by institutional investors and hedge funds.

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.