Carlyle Secured Lending (NASDAQ:CGBD) Earns Market Perform Rating from Analysts at Raymond James Financial

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

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

Carlyle Secured Lending Stock Down 1.3%

Shares of NASDAQ:CGBD traded down $0.19 during trading on Thursday, reaching $13.97. 449,789 shares of the stock traded hands, compared to its average volume of 272,147. The stock has a 50-day moving average of $13.97 and a two-hundred day moving average of $15.75. Carlyle Secured Lending has a 52-week low of $13.12 and a 52-week 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 stock has a market cap of $711.91 million, a P/E ratio of 10.35 and a beta of 0.85.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $54.60 million during the quarter, compared to analysts' expectations of $55.50 million. As a group, sell-side analysts expect that Carlyle Secured Lending will post 1.97 earnings per share for the current fiscal year.

Carlyle Secured Lending Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CGBD. Patton Albertson Miller Group LLC bought a new stake in shares of Carlyle Secured Lending during the 2nd quarter valued at $344,000. U.S. Capital Wealth Advisors LLC raised its position 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 during the period. Kingstone Capital Partners Texas LLC bought a new stake in shares of Carlyle Secured Lending during the 2nd quarter valued at $5,717,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Carlyle Secured Lending during the 2nd quarter valued at $214,000. Finally, Triumph Capital Management raised its position in shares of Carlyle Secured Lending by 19.7% during the 2nd quarter. Triumph Capital Management now owns 49,845 shares of the company's stock valued at $682,000 after purchasing an additional 8,214 shares during the period. Hedge funds and other 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.