Carlyle Secured Lending (NASDAQ:CGBD) Now Covered by Analysts at Raymond James Financial

Raymond James Financial initiated coverage on shares of Carlyle Secured Lending (NASDAQ:CGBD - Free Report) in a research note issued to investors on Thursday, Marketbeat.com reports. The brokerage issued a market perform rating on the stock.

Several other research analysts have also recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Carlyle Secured Lending from $17.00 to $14.00 and set an "underweight" rating on the stock in a research report on Thursday, April 24th. B. Riley upgraded Carlyle Secured Lending to a "hold" rating in a research report on Monday, June 16th. Wells Fargo & Company lowered their price objective on Carlyle Secured Lending from $14.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Finally, Oppenheimer decreased their price target on Carlyle Secured Lending from $17.00 to $15.00 and set a "market perform" rating on the stock in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $14.75.

Carlyle Secured Lending Price Performance

Shares of NASDAQ:CGBD traded down $0.19 on Thursday, hitting $13.97. The stock had a trading volume of 449,789 shares, compared to its average volume of 273,580. 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 quick ratio of 3.55 and a current ratio of 3.55. The firm's 50 day moving average price is $13.97 and its 200-day moving average price is $15.69. The company has a market capitalization of $711.91 million, a price-to-earnings ratio of 10.35 and a beta of 0.85.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.02). The business had revenue of $54.60 million for the quarter, compared to analyst estimates of $55.50 million. Carlyle Secured Lending had a net margin of 32.72% and a return on equity of 10.49%. On average, equities research analysts predict that Carlyle Secured Lending will post 1.97 earnings per share for the current year.

Carlyle Secured Lending Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, June 30th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 11.45%. The ex-dividend date was Monday, June 30th. Carlyle Secured Lending's payout ratio is presently 118.52%.

Hedge Funds Weigh In On Carlyle Secured Lending

A number of large investors have recently modified their holdings of the company. Quarry LP purchased a new position in shares of Carlyle Secured Lending in the 1st quarter valued at approximately $32,000. Aquatic Capital Management LLC lifted its stake in shares of Carlyle Secured Lending by 541.8% in the 4th quarter. Aquatic Capital Management LLC now owns 2,567 shares of the company's stock valued at $46,000 after purchasing an additional 2,167 shares during the period. Canton Hathaway LLC lifted its stake in shares of Carlyle Secured Lending by 271.0% in the 1st quarter. Canton Hathaway LLC now owns 9,795 shares of the company's stock valued at $158,000 after purchasing an additional 7,155 shares during the period. Sunbelt Securities Inc. lifted its stake in shares of 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 during the period. Finally, Cerity Partners LLC purchased a new position in Carlyle Secured Lending during the first quarter valued at $170,000. 24.51% of the stock is owned by hedge funds and other institutional investors.

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.