Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Carlyle Secured Lending, Inc. (NASDAQ:CGBD) has a consensus recommendation of "Hold" from six analysts, with one rating it a sell, three a hold, and two a buy.
• The company's recent quarterly earnings reported a net income of $0.39 per share and a revenue of $67.28 million, slightly below analyst estimates.
• Carlyle Secured Lending recently announced a quarterly dividend of $0.40 per share, representing an annualized yield of 12.7% with a payout ratio of 133.33%.

Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Get Free Report) has been assigned a consensus recommendation of "Hold" from the six analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $14.8333.

A number of equities research analysts have weighed in on CGBD shares. Wells Fargo & Company raised Carlyle Secured Lending from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $13.00 to $15.00 in a report on Friday, July 25th. Raymond James Financial upgraded Carlyle Secured Lending from a "market perform" rating to an "outperform" rating and set a $15.00 price target on the stock in a research note on Tuesday, October 7th. JPMorgan Chase & Co. upgraded Carlyle Secured Lending from an "underweight" rating to a "neutral" rating and decreased their price target for the company from $13.50 to $12.50 in a research note on Wednesday, October 1st. Finally, B. Riley restated a "neutral" rating and set a $14.50 target price (up from $14.00) on shares of Carlyle Secured Lending in a research report on Monday, August 11th.

Carlyle Secured Lending Stock Performance

Shares of CGBD opened at $12.57 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.09. The firm has a market cap of $640.57 million, a PE ratio of 10.48 and a beta of 0.89. The company's 50 day simple moving average is $13.12 and its 200-day simple moving average is $13.72. Carlyle Secured Lending has a 12-month low of $11.65 and a 12-month high of $18.64.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.39. Carlyle Secured Lending had a return on equity of 9.85% and a net margin of 29.71%.The firm had revenue of $67.28 million for the quarter, compared to analyst estimates of $67.53 million. As a group, equities analysts predict that Carlyle Secured Lending will post 1.97 EPS for the current year.

Carlyle Secured Lending Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 12.7%. The ex-dividend date was Tuesday, September 30th. Carlyle Secured Lending's payout ratio is presently 133.33%.

Insider Activity

In other Carlyle Secured Lending news, CFO Thomas M. Hennigan purchased 7,285 shares of Carlyle Secured Lending stock in a transaction on Wednesday, August 20th. The shares were bought at an average price of $13.75 per share, with a total value of $100,168.75. Following the completion of the acquisition, the chief financial officer directly owned 88,495 shares of the company's stock, valued at approximately $1,216,806.25. This trade represents a 8.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John G. Nestor sold 13,238 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $13.49, for a total transaction of $178,580.62. Following the completion of the sale, the director directly owned 14,593 shares in the company, valued at $196,859.57. This trade represents a 47.57% decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is owned by insiders.

Institutional Trading of Carlyle Secured Lending

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sunbelt Securities Inc. lifted its holdings in Carlyle Secured Lending by 17.1% in the 1st 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 in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Carlyle Secured Lending by 19.8% during the first quarter. Envestnet Asset Management Inc. now owns 61,709 shares of the company's stock valued at $998,000 after buying an additional 10,196 shares during the period. Round Rock Advisors LLC lifted its stake in shares of Carlyle Secured Lending by 146.6% during the first quarter. Round Rock Advisors LLC now owns 45,800 shares of the company's stock valued at $741,000 after buying an additional 27,230 shares during the period. Cerity Partners LLC purchased a new position in shares of Carlyle Secured Lending during the first quarter valued at approximately $170,000. Finally, BluePointe Capital Management LLC lifted its stake in shares of Carlyle Secured Lending by 4.9% during the first quarter. BluePointe Capital Management LLC now owns 61,517 shares of the company's stock valued at $1,024,000 after buying an additional 2,853 shares during the period. 24.51% of the stock is currently owned by hedge funds and other 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.

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