Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Stock Has Consensus Price Target of $11.25

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) has earned an average rating of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $11.25.

CGBD has been the subject of a number of research reports. Wells Fargo & Company downgraded Carlyle Secured Lending from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $12.00 to $11.00 in a report on Tuesday, September 29th. Raymond James Financial set a $11.00 price target on shares of Carlyle Secured Lending in a research note on Thursday, October 22nd. Finally, Zacks Research raised shares of Carlyle Secured Lending from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SMH Capital Advisors Inc. bought a new stake in shares of Carlyle Secured Lending during the third quarter worth $238,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Carlyle Secured Lending by 1.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 529,735 shares of the company’s stock valued at $5,663,000 after acquiring an additional 10,000 shares in the last quarter. International Assets Investment Management LLC grew its position in Carlyle Secured Lending by 451.7% during the 3rd quarter. International Assets Investment Management LLC now owns 100,000 shares of the company’s stock worth $1,069,000 after acquiring an additional 81,875 shares during the last quarter. Choreo LLC grew its position in Carlyle Secured Lending by 2.6% during the 3rd quarter. Choreo LLC now owns 1,397,178 shares of the company’s stock worth $14,936,000 after acquiring an additional 35,927 shares during the last quarter. Finally, Park Avenue Securities LLC grew its position in Carlyle Secured Lending by 172.7% during the 3rd quarter. Park Avenue Securities LLC now owns 513,885 shares of the company’s stock worth $5,493,000 after acquiring an additional 325,461 shares during the last quarter. Institutional investors and hedge funds own 24.51% of the company’s stock.

Carlyle Secured Lending Stock Performance

Shares of NASDAQ CGBD opened at $10.78 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market cap of $741.77 million, a price-to-earnings ratio of 21.14 and a beta of 0.66. The stock’s fifty day moving average price is $11.00 and its two-hundred day moving average price is $11.16. Carlyle Secured Lending has a one year low of $9.94 and a one year high of $13.28.

Carlyle Secured Lending Company Profile

Carlyle Secured Lending, Inc (NASDAQ:CGBD) is a business development company that invests in privately held, middle-market companies. Its primary objective is to generate current income and, to a lesser extent, capital appreciation by providing financing to businesses that may have limited access to traditional sources of capital.

The company primarily invests in first-lien senior secured loans, while also pursuing opportunities in second-lien loans, subordinated debt and equity investments.