Carlyle Secured Lending (NASDAQ:CGBD) Price Target Raised to $17.00 at JPMorgan Chase & Co.

Carlyle Secured Lending (NASDAQ:CGBD) had its target price lifted by investment analysts at JPMorgan Chase & Co. from $16.00 to $17.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 7.88% from the company’s current price.

Separately, Wells Fargo & Company upped their target price on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th.

Carlyle Secured Lending Trading Down 0.6 %

NASDAQ:CGBD traded down $0.11 during trading hours on Monday, hitting $18.46. The stock had a trading volume of 115,482 shares, compared to its average volume of 190,460. The business’s 50 day moving average is $17.92 and its 200-day moving average is $17.34. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $939.54 million, a price-to-earnings ratio of 10.31 and a beta of 1.57. Carlyle Secured Lending has a one year low of $14.76 and a one year high of $18.74.

Carlyle Secured Lending (NASDAQ:CGBD) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. Carlyle Secured Lending had a return on equity of 12.60% and a net margin of 40.69%. The business had revenue of $55.97 million for the quarter, compared to analysts’ expectations of $39.92 million. During the same quarter in the previous year, the business posted $0.52 EPS. Sell-side analysts anticipate that Carlyle Secured Lending will post 1.98 EPS for the current fiscal year.

Institutional Investors Weigh In On Carlyle Secured Lending

A number of institutional investors and hedge funds have recently made changes to their positions in CGBD. International Assets Investment Management LLC increased its holdings in Carlyle Secured Lending by 1,597.0% during the third quarter. International Assets Investment Management LLC now owns 307,581 shares of the company’s stock worth $52,200,000 after buying an additional 289,456 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Carlyle Secured Lending by 7.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 265,982 shares of the company’s stock worth $4,514,000 after purchasing an additional 17,434 shares during the last quarter. Hager Investment Management Services LLC bought a new stake in shares of Carlyle Secured Lending in the 4th quarter valued at about $4,093,000. Novare Capital Management LLC lifted its stake in Carlyle Secured Lending by 0.5% in the 4th quarter. Novare Capital Management LLC now owns 178,705 shares of the company’s stock valued at $3,204,000 after purchasing an additional 900 shares during the last quarter. Finally, Herbst Group LLC grew its holdings in Carlyle Secured Lending by 4.2% during the fourth quarter. Herbst Group LLC now owns 127,180 shares of the company’s stock worth $2,280,000 after purchasing an additional 5,120 shares during the period. 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.