Carlyle Secured Lending, Inc. $CGBD Stock: Park Avenue Securities LLC Grows Holdings

Key Points

• Park Avenue Securities LLC increased its Carlyle Secured Lending stake by 172.7% in the third quarter, owning 513,885 shares valued at approximately $5.5 million. Institutional investors collectively own 24.51% of CGBD.
• CGBD opened at $10.57, below its 50-day and 200-day moving averages, with a market capitalization of about $727 million and a one-year trading range of $9.94 to $13.28.
• Analyst sentiment is mixed but leans positive: the stock has a consensus “Moderate Buy” rating and an average price target of $11.25, despite Wells Fargo downgrading it to “equal weight.”

Park Avenue Securities LLC raised its holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) by 172.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 513,885 shares of the company's stock after buying an additional 325,461 shares during the period. Park Avenue Securities LLC owned about 0.75% of Carlyle Secured Lending worth $5,493,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Allworth Financial LP bought a new stake in shares of Carlyle Secured Lending during the second quarter worth about $27,000. Burk Holdings LLC acquired a new stake in shares of Carlyle Secured Lending in the 2nd quarter worth about $37,000. Entropy Technologies LP raised its holdings in shares of Carlyle Secured Lending by 37.4% in the 1st quarter. Entropy Technologies LP now owns 18,913 shares of the company's stock worth $207,000 after acquiring an additional 5,146 shares during the last quarter. Apollon Wealth Management LLC lifted its position in Carlyle Secured Lending by 10.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 74,014 shares of the company's stock valued at $791,000 after acquiring an additional 7,034 shares in the last quarter. Finally, Beaumont Financial Advisors LLC bought a new position in Carlyle Secured Lending in the 1st quarter valued at about $110,000. 24.51% of the stock is owned by institutional investors.

Carlyle Secured Lending Price Performance

CGBD opened at $10.57 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market capitalization of $727.32 million, a price-to-earnings ratio of 20.73 and a beta of 0.66. The firm's fifty day moving average price is $11.02 and its two-hundred day moving average price is $11.17. Carlyle Secured Lending, Inc. has a 1 year low of $9.94 and a 1 year high of $13.28.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CGBD shares. Wells Fargo & Company downgraded Carlyle Secured Lending from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $12.00 to $11.00 in a research note on Tuesday, September 29th. Zacks Research raised Carlyle Secured Lending from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 12th. Finally, Raymond James Financial set a $11.00 price objective on Carlyle Secured Lending in a research note on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Carlyle Secured Lending has an average rating of "Moderate Buy" and a consensus price target of $11.25.

Carlyle Secured Lending Profile

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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