Carlyle Secured Lending (NASDAQ:CGBD) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Carlyle Secured Lending (NASDAQ:CGBD) had its price objective raised by equities researchers at Wells Fargo & Company from $16.00 to $17.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential downside of 8.26% from the stock’s previous close.

Carlyle Secured Lending Price Performance

Shares of NASDAQ CGBD traded down $0.02 during mid-day trading on Wednesday, hitting $18.53. 22,401 shares of the stock were exchanged, compared to its average volume of 196,766. The company has a market cap of $943.36 million, a P/E ratio of 10.35 and a beta of 1.57. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.11 and a current ratio of 1.11. Carlyle Secured Lending has a twelve month low of $14.76 and a twelve month high of $18.74. The stock’s fifty day simple moving average is $17.81 and its two-hundred day simple moving average is $17.33.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. The firm had revenue of $55.97 million during the quarter, compared to the consensus estimate of $39.92 million. Carlyle Secured Lending had a return on equity of 12.60% and a net margin of 40.69%. During the same quarter in the previous year, the company posted $0.52 EPS. As a group, analysts forecast that Carlyle Secured Lending will post 1.98 EPS for the current fiscal year.

Institutional Trading of Carlyle Secured Lending

Hedge funds have recently modified their holdings of the stock. Novare Capital Management LLC lifted its holdings in Carlyle Secured Lending by 0.5% during the 4th quarter. Novare Capital Management LLC now owns 178,705 shares of the company’s stock worth $3,204,000 after buying an additional 900 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of Carlyle Secured Lending by 3.6% during the third quarter. Stifel Financial Corp now owns 30,274 shares of the company’s stock valued at $514,000 after acquiring an additional 1,039 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in Carlyle Secured Lending by 5.0% in the third quarter. Rockefeller Capital Management L.P. now owns 31,058 shares of the company’s stock valued at $527,000 after acquiring an additional 1,490 shares during the last quarter. Great Valley Advisor Group Inc. increased its position in Carlyle Secured Lending by 12.9% in the third quarter. Great Valley Advisor Group Inc. now owns 13,165 shares of the company’s stock worth $223,000 after purchasing an additional 1,500 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in 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 purchasing an additional 1,546 shares during the last quarter. 24.51% of the stock is owned by institutional investors.

About Carlyle Secured Lending

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.