Wells Fargo & Company Lowers Carlyle Secured Lending (NASDAQ:CGBD) Price Target to $14.00

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) had its price target decreased by research analysts at Wells Fargo & Company from $17.00 to $14.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Wells Fargo & Company's price target suggests a potential downside of 6.60% from the stock's current price.

A number of other research analysts have also recently issued reports on CGBD. Bank of America cut shares of Carlyle Secured Lending from a "buy" rating to an "underperform" rating and set a $17.00 target price for the company. in a research note on Monday, February 10th. JPMorgan Chase & Co. lowered their price objective 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.

Carlyle Secured Lending Stock Performance

CGBD traded up $0.21 during midday trading on Monday, reaching $14.99. The company's stock had a trading volume of 48,116 shares, compared to its average volume of 268,916. Carlyle Secured Lending has a twelve month low of $13.12 and a twelve month high of $18.74. The stock has a market cap of $763.85 million, a P/E ratio of 8.38 and a beta of 1.22. The company has a fifty day simple moving average of $16.08 and a 200 day simple moving average of $17.06. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.99.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aquatic Capital Management LLC lifted its holdings in Carlyle Secured Lending by 541.8% during the fourth quarter. Aquatic Capital Management LLC now owns 2,567 shares of the company's stock worth $46,000 after acquiring an additional 2,167 shares during the period. Canton Hathaway LLC purchased a new position in shares of Carlyle Secured Lending in the fourth quarter valued at $47,000. Sunbelt Securities Inc. boosted its position in shares of Carlyle Secured Lending by 17.1% during the 1st quarter. Sunbelt Securities Inc. now owns 10,297 shares of the company's stock valued at $167,000 after acquiring an additional 1,500 shares during the last quarter. Lido Advisors LLC raised its position in Carlyle Secured Lending by 12.3% during the fourth quarter. Lido Advisors LLC now owns 11,416 shares of the company's stock valued at $210,000 after purchasing an additional 1,247 shares in the last quarter. Finally, EMC Capital Management raised its position in Carlyle Secured Lending by 56.9% in the 4th quarter. EMC Capital Management now owns 13,021 shares of the company's stock worth $233,000 after purchasing an additional 4,722 shares during the period. Institutional investors 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.

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