Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Stock Has Average Price Target of $11.25 According to Analysts

Key Points

• Analysts have a “Moderate Buy” consensus on Carlyle Secured Lending, with an average 12-month price target of $11.25. Ratings include four holds, one buy, and one strong buy; Wells Fargo lowered its target to $11.00, while Zacks upgraded the stock to strong buy.
• CGBD shares recently traded at $10.22, below the analyst average target and near the stock’s 52-week low of $9.94. The company has a market capitalization of approximately $703 million.
• The company paid a quarterly dividend of $0.35 per share, implying an annualized dividend of $1.40 and a 13.7% yield. Institutional investors own 24.51% of the stock.

Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Get Free Report) have earned an average recommendation of "Moderate Buy" from the six brokerages that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $11.25.

CGBD has been the subject of several research reports. Wells Fargo & Company reissued an "equal weight" rating and set a $11.00 price objective (down from $12.00) on shares of Carlyle Secured Lending in a report on Tuesday, September 29th. Raymond James Financial set a $11.00 target price on Carlyle Secured Lending in a report on Thursday. Finally, Zacks Research upgraded Carlyle Secured Lending from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 12th.

Institutional Trading of Carlyle Secured Lending

Several hedge funds have recently modified their holdings of CGBD. Allworth Financial LP purchased a new position in shares of Carlyle Secured Lending in the second quarter valued at $27,000. Burk Holdings LLC purchased a new stake in Carlyle Secured Lending during the second quarter valued at $37,000. Beaumont Financial Advisors LLC purchased a new stake in Carlyle Secured Lending during the first quarter valued at $110,000. SCS Capital Management LLC bought a new position in Carlyle Secured Lending during the second quarter valued at $123,000. Finally, CFO4Life Group LLC bought a new position in Carlyle Secured Lending during the second quarter valued at $129,000. 24.51% of the stock is owned by hedge funds and other institutional investors.

Carlyle Secured Lending Price Performance

Shares of Carlyle Secured Lending stock traded down $0.06 on Friday, hitting $10.22. 322,017 shares of the company traded hands, compared to its average volume of 505,348. Carlyle Secured Lending has a 52 week low of $9.94 and a 52 week high of $13.28. The business has a 50-day simple moving average of $11.08 and a 200 day simple moving average of $10.97. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market capitalization of $703.19 million, a P/E ratio of 20.04 and a beta of 0.66.

Carlyle Secured Lending Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 13.7%. The ex-dividend date was Wednesday, September 30th. Carlyle Secured Lending's dividend payout ratio (DPR) is currently 274.51%.

About Carlyle Secured Lending

Carlyle Secured Lending, Inc NASDAQ: CGBD is a business development company that invests in privately held, middle-market companies. Its primary objective is to generate current income and, to a lesser extent, capital appreciation by providing financing to businesses that may have limited access to traditional sources of capital.

The company primarily invests in first-lien senior secured loans, while also pursuing opportunities in second-lien loans, subordinated debt and equity investments.

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