Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Receives Consensus Rating of "Reduce" from Brokerages

Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Get Free Report) have been given an average recommendation of "Reduce" by the six ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $14.75.

A number of research firms recently commented on CGBD. B. Riley raised shares of Carlyle Secured Lending to a "hold" rating in a research note on Monday, June 16th. Wells Fargo & Company decreased their price objective on shares of Carlyle Secured Lending from $14.00 to $13.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Raymond James Financial initiated coverage on shares of Carlyle Secured Lending in a research note on Thursday. They set a "market perform" rating for the company. Oppenheimer decreased their target price on shares of Carlyle Secured Lending from $17.00 to $15.00 and set a "market perform" rating for the company in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Carlyle Secured Lending from $17.00 to $14.00 and set an "underweight" rating for the company in a research note on Thursday, April 24th.

Carlyle Secured Lending Trading Up 0.4%

Carlyle Secured Lending stock traded up $0.06 during midday trading on Thursday, reaching $14.16. The stock had a trading volume of 705,410 shares, compared to its average volume of 271,436. The firm's fifty day simple moving average is $13.97 and its two-hundred day simple moving average is $15.75. Carlyle Secured Lending has a twelve month low of $13.12 and a twelve month high of $18.64. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.55 and a quick ratio of 3.55. The firm has a market cap of $721.59 million, a price-to-earnings ratio of 10.49 and a beta of 0.85.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.02). Carlyle Secured Lending had a return on equity of 10.49% and a net margin of 32.72%. The firm had revenue of $54.60 million during the quarter, compared to analyst estimates of $55.50 million. Equities analysts anticipate that Carlyle Secured Lending will post 1.97 EPS for the current fiscal year.

Carlyle Secured Lending Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.30%. The ex-dividend date is Monday, June 30th. Carlyle Secured Lending's dividend payout ratio (DPR) is currently 118.52%.

Institutional Investors Weigh In On Carlyle Secured Lending

Institutional investors have recently modified their holdings of the stock. Patton Albertson Miller Group LLC bought a new position in shares of Carlyle Secured Lending during the 2nd quarter valued at $344,000. U.S. Capital Wealth Advisors LLC raised its holdings in shares of Carlyle Secured Lending by 34.3% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 13,850 shares of the company's stock valued at $189,000 after purchasing an additional 3,540 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of Carlyle Secured Lending during the 2nd quarter valued at $5,717,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Carlyle Secured Lending during the 2nd quarter valued at $214,000. Finally, Triumph Capital Management raised its holdings in Carlyle Secured Lending by 19.7% in the 2nd quarter. Triumph Capital Management now owns 49,845 shares of the company's stock worth $682,000 after acquiring an additional 8,214 shares during the period. 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.