Carlyle Secured Lending (NASDAQ:CGBD) Price Target Increased to $17.00 by Analysts at Wells Fargo & Company

Carlyle Secured Lending (NASDAQ:CGBD) had its price objective lifted by investment analysts at Wells Fargo & Company from $16.00 to $17.00 in a report released on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential downside of 1.28% from the company’s previous close.

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

Carlyle Secured Lending Price Performance

CGBD stock traded down $0.14 during midday trading on Tuesday, hitting $17.22. The company’s stock had a trading volume of 6,152 shares, compared to its average volume of 210,468. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $874.69 million, a price-to-earnings ratio of 10.07 and a beta of 1.59. Carlyle Secured Lending has a 12 month low of $13.37 and a 12 month high of $18.74. The company has a 50 day moving average of $17.14 and a two-hundred day moving average of $17.39.

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

Hedge Funds Weigh In On Carlyle Secured Lending

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its position in shares of Carlyle Secured Lending by 8.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,150 shares of the company’s stock worth $325,000 after buying an additional 1,546 shares in the last quarter. Grimes & Company Inc. grew its position in shares of Carlyle Secured Lending by 14.2% during the 3rd quarter. Grimes & Company Inc. now owns 23,414 shares of the company’s stock worth $397,000 after buying an additional 2,912 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of Carlyle Secured Lending by 2.2% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 120,911 shares of the company’s stock worth $2,052,000 after buying an additional 2,570 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Carlyle Secured Lending by 1,597.0% during the 3rd quarter. International Assets Investment Management LLC now owns 307,581 shares of the company’s stock worth $52,200,000 after buying an additional 289,456 shares in the last quarter. Finally, Private Advisor Group LLC bought a new position in shares of Carlyle Secured Lending during the 3rd quarter worth $235,000. Institutional investors own 24.51% of the company’s stock.

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.