B. Riley Reiterates "Neutral" Rating for Carlyle Secured Lending (NASDAQ:CGBD)

Key Points

• B. Riley has raised the price target for Carlyle Secured Lending (NASDAQ:CGBD) from $14.00 to $14.50, suggesting a potential upside of 4.09% based on the previous closing price.
• Carlyle Secured Lending is currently rated as "Hold" by analysts, with an average price target of $15.10, highlighting varying opinions on the stock's future trajectory among different firms.
• The company reported earnings of $0.39 per share for the last quarter, matching analyst estimates, but fell short of revenue expectations with $67.28 million versus the forecast of $67.53 million.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report)'s stock had its "neutral" rating restated by investment analysts at B. Riley in a research note issued on Monday, Marketbeat.com reports. They presently have a $14.50 price target on the stock, up from their prior price target of $14.00. B. Riley's price target indicates a potential upside of 5.15% from the company's previous close.

A number of other equities analysts have also recently weighed in on the company. Oppenheimer lowered their price target on Carlyle Secured Lending from $17.00 to $15.00 and set a "market perform" rating for the company in a report on Thursday, May 8th. Wells Fargo & Company raised Carlyle Secured Lending from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $13.00 to $15.00 in a research note on Friday, July 25th. JPMorgan Chase & Co. decreased their target price on Carlyle Secured Lending from $17.00 to $14.00 and set an "underweight" rating on the stock in a research note on Thursday, April 24th. Finally, Raymond James Financial assumed coverage on Carlyle Secured Lending in a research note on Thursday, July 17th. They set a "market perform" rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Carlyle Secured Lending presently has an average rating of "Hold" and an average target price of $15.10.

Carlyle Secured Lending Price Performance

Shares of CGBD traded down $0.14 during trading hours on Monday, hitting $13.79. 137,822 shares of the stock were exchanged, compared to its average volume of 347,089. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.73 and a current ratio of 0.73. The stock's 50-day moving average price is $13.92 and its two-hundred day moving average price is $15.24. The company has a market cap of $702.74 million, a price-to-earnings ratio of 11.50 and a beta of 0.88. Carlyle Secured Lending has a 12-month low of $13.12 and a 12-month high of $18.64.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $67.28 million during the quarter, compared to analysts' expectations of $67.53 million. Carlyle Secured Lending had a return on equity of 9.85% and a net margin of 29.71%. Research analysts expect that Carlyle Secured Lending will post 1.97 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP acquired a new position in shares of Carlyle Secured Lending in the first quarter worth $32,000. Aquatic Capital Management LLC raised its holdings in shares of Carlyle Secured Lending by 541.8% in the fourth quarter. Aquatic Capital Management LLC now owns 2,567 shares of the company's stock worth $46,000 after acquiring an additional 2,167 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Carlyle Secured Lending in the second quarter valued at $97,000. Canton Hathaway LLC grew its position in shares of Carlyle Secured Lending by 271.0% in the first quarter. Canton Hathaway LLC now owns 9,795 shares of the company's stock valued at $158,000 after purchasing an additional 7,155 shares during the period. Finally, Sunbelt Securities Inc. grew its position in shares of Carlyle Secured Lending by 17.1% in the first quarter. Sunbelt Securities Inc. now owns 10,297 shares of the company's stock valued at $167,000 after purchasing an additional 1,500 shares during the period. 24.51% of the stock is currently owned by hedge funds and other institutional investors.

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.