Analysts Set Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Target Price at $15.25

Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Get Free Report) has received an average rating of "Reduce" from the six ratings firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $15.10.

Several equities analysts recently weighed in on the stock. B. Riley restated a "neutral" rating and set a $14.50 target price (up previously from $14.00) on shares of Carlyle Secured Lending in a report on Monday. Wells Fargo & Company raised shares of Carlyle Secured Lending from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $13.00 to $15.00 in a research note on Friday, July 25th. JPMorgan Chase & Co. dropped their price target on shares of 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. Oppenheimer dropped their price target on shares of Carlyle Secured Lending from $17.00 to $15.00 and set a "market perform" rating on the stock in a research note on Thursday, May 8th. Finally, Raymond James Financial assumed coverage on shares of Carlyle Secured Lending in a research note on Thursday, July 17th. They set a "market perform" rating on the stock.

Carlyle Secured Lending Trading Up 0.7%

NASDAQ CGBD traded up $0.10 during mid-day trading on Monday, reaching $13.76. 50,073 shares of the stock were exchanged, compared to its average volume of 351,518. The stock has a market capitalization of $701.16 million, a PE ratio of 11.47 and a beta of 0.88. The business's fifty day simple moving average is $13.91 and its 200 day simple moving average is $15.16. Carlyle Secured Lending has a 1-year low of $13.12 and a 1-year high of $18.64. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.73 and a current ratio of 0.73.

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

Carlyle Secured Lending Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.60 annualized dividend and a dividend yield of 11.6%. Carlyle Secured Lending's payout ratio is presently 133.33%.

Institutional Investors Weigh In On Carlyle Secured Lending

Hedge funds and other institutional investors have recently modified their holdings of the stock. AdvisorNet Financial Inc grew its position in shares of Carlyle Secured Lending by 81,343.8% during the 1st quarter. AdvisorNet Financial Inc now owns 26,062 shares of the company's stock valued at $422,000 after buying an additional 26,030 shares during the last quarter. Round Rock Advisors LLC grew its position in shares of Carlyle Secured Lending by 146.6% during the 1st 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 last quarter. Bank of America Corp DE grew its position in shares of Carlyle Secured Lending by 3.8% during the 4th quarter. Bank of America Corp DE now owns 1,192,606 shares of the company's stock valued at $21,383,000 after buying an additional 44,033 shares during the last quarter. Comerica Bank grew its position in shares of Carlyle Secured Lending by 859.5% during the 4th quarter. Comerica Bank now owns 88,445 shares of the company's stock valued at $1,586,000 after buying an additional 79,227 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Carlyle Secured Lending by 1,449.1% during the 4th quarter. Invesco Ltd. now owns 659,564 shares of the company's stock valued at $11,826,000 after buying an additional 616,988 shares during the last quarter. Institutional investors own 24.51% of the company's stock.

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.