Carlyle Secured Lending (NASDAQ:CGBD) Given New $17.00 Price Target at JPMorgan Chase & Co.

Carlyle Secured Lending (NASDAQ:CGBD) had its target price increased by JPMorgan Chase & Co. from $16.00 to $17.00 in a report published on Monday morning,Benzinga reports. They currently have an underweight rating on the stock.

Separately, Wells Fargo & Company upped their target price on Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th.

Carlyle Secured Lending Trading Down 0.3 %

Shares of CGBD stock opened at $18.50 on Monday. The stock’s fifty day moving average is $17.95 and its two-hundred day moving average is $17.34. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $941.84 million, a P/E ratio of 10.34 and a beta of 1.57. Carlyle Secured Lending has a fifty-two week low of $14.76 and a fifty-two week high of $18.74.

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

Hedge Funds Weigh In On Carlyle Secured Lending

Several large investors have recently modified their holdings of the business. Global Retirement Partners LLC increased its holdings in Carlyle Secured Lending by 3.5% in the 4th quarter. Global Retirement Partners LLC now owns 50,093 shares of the company’s stock valued at $898,000 after purchasing an additional 1,679 shares during the last quarter. Apollon Wealth Management LLC grew its holdings in shares of Carlyle Secured Lending by 53.1% in the fourth quarter. Apollon Wealth Management LLC now owns 30,386 shares of the company’s stock valued at $545,000 after purchasing an additional 10,538 shares in the last quarter. Hager Investment Management Services LLC purchased a new stake in shares of Carlyle Secured Lending during the fourth quarter worth $4,093,000. Round Rock Advisors LLC purchased a new stake in Carlyle Secured Lending during the 4th quarter worth about $333,000. Finally, GFS Advisors LLC acquired a new stake in Carlyle Secured Lending in the fourth quarter valued at approximately $891,000. Institutional investors and hedge funds 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.