Oppenheimer Cuts Carlyle Secured Lending (NASDAQ:CGBD) Price Target to $15.00

Carlyle Secured Lending (NASDAQ:CGBD) had its price target trimmed by Oppenheimer from $17.00 to $15.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has a market perform rating on the stock.

A number of other analysts also recently weighed in on CGBD. JPMorgan Chase & Co. decreased their price objective on Carlyle Secured Lending from $17.00 to $14.00 and set an “underweight” rating for the company in a report on Thursday, April 24th. Bank of America lowered Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 price objective on the stock. in a research note on Monday, February 10th. Finally, Wells Fargo & Company decreased their target price on shares of Carlyle Secured Lending from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Thursday.

Carlyle Secured Lending Trading Up 0.9 %

Shares of CGBD stock opened at $13.67 on Thursday. Carlyle Secured Lending has a twelve month low of $13.12 and a twelve month high of $18.74. The stock’s fifty day simple moving average is $15.40 and its 200 day simple moving average is $16.85. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $696.58 million, a P/E ratio of 7.64 and a beta of 0.93.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its quarterly earnings data 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). Carlyle Secured Lending had a net margin of 40.69% and a return on equity of 12.60%. The business had revenue of $54.60 million during the quarter, compared to the consensus estimate of $55.50 million. As a group, sell-side analysts predict that Carlyle Secured Lending will post 1.97 EPS for the current fiscal year.

Carlyle Secured Lending Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 11.70%. The ex-dividend date is Monday, June 30th. Carlyle Secured Lending’s dividend payout ratio (DPR) is 118.52%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Aquatic Capital Management LLC raised its holdings in shares of Carlyle Secured Lending by 541.8% during the fourth 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 acquired a new position in Carlyle Secured Lending during the 4th quarter worth approximately $47,000. Sunbelt Securities Inc. boosted its holdings in Carlyle Secured Lending by 17.1% in the first quarter. Sunbelt Securities Inc. now owns 10,297 shares of the company’s stock worth $167,000 after acquiring an additional 1,500 shares in the last quarter. Cerity Partners LLC acquired a new stake in Carlyle Secured Lending in the first quarter valued at approximately $170,000. Finally, Lido Advisors LLC increased its holdings in shares of 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 acquiring an additional 1,247 shares in the last quarter. 24.51% of the stock is owned by 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.