Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Given Average Rating of “Hold” by Brokerages

Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) have been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $12.50.

CGBD has been the subject of several research analyst reports. Wells Fargo & Company cut their price objective on Carlyle Secured Lending from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. B. Riley Financial reaffirmed a “buy” rating on shares of Carlyle Secured Lending in a research note on Tuesday, May 12th.

Carlyle Secured Lending Price Performance

Carlyle Secured Lending stock opened at $9.99 on Monday. The company has a market capitalization of $694.28 million, a PE ratio of 14.07 and a beta of 0.62. The business has a 50 day simple moving average of $10.63 and a 200 day simple moving average of $11.24. Carlyle Secured Lending has a one year low of $9.94 and a one year high of $14.10. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.72 and a quick ratio of 1.72.

Carlyle Secured Lending (NASDAQ:CGBD) last posted its earnings results on Monday, May 11th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. The business had revenue of $64.08 million for the quarter, compared to analyst estimates of $65.78 million. Carlyle Secured Lending had a net margin of 19.52% and a return on equity of 8.99%. On average, sell-side analysts forecast that Carlyle Secured Lending will post 1.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Carlyle Secured Lending

A number of hedge funds have recently modified their holdings of CGBD. Royal Bank of Canada raised its holdings in shares of Carlyle Secured Lending by 1.9% during the first quarter. Royal Bank of Canada now owns 275,612 shares of the company’s stock worth $4,460,000 after acquiring an additional 5,054 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in 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 acquiring an additional 1,100 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Carlyle Secured Lending in the 2nd quarter valued at approximately $146,000. Invesco Ltd. lifted its stake in Carlyle Secured Lending by 18.5% in the second quarter. Invesco Ltd. now owns 779,586 shares of the company’s stock valued at $10,665,000 after acquiring an additional 121,686 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in Carlyle Secured Lending in the 2nd quarter valued at about $179,000. Institutional investors and hedge funds own 24.51% of the company’s stock.

About Carlyle Secured Lending

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.