Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Receives Average Recommendation of “Hold” from Analysts

Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) have been given a consensus rating of “Hold” by the nine research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $14.3333.

Several analysts recently issued reports on the company. Zacks Research upgraded Carlyle Secured Lending from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. Citigroup assumed coverage on shares of Carlyle Secured Lending in a report on Monday, December 8th. They issued a “market perform” rating for the company. Wall Street Zen raised shares of Carlyle Secured Lending from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. JPMorgan Chase & Co. dropped their target price on Carlyle Secured Lending from $12.50 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Finally, B. Riley reduced their price target on shares of Carlyle Secured Lending from $14.50 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 11th.

Insider Buying and Selling at Carlyle Secured Lending

In other news, Director John G. Nestor sold 7,085 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $11.87, for a total transaction of $84,098.95. Following the transaction, the director directly owned 7,508 shares of the company’s stock, valued at approximately $89,119.96. This represents a 48.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Institutional Trading of Carlyle Secured Lending

Several large investors have recently made changes to their positions in the business. Rossby Financial LCC purchased a new position in Carlyle Secured Lending in the third quarter valued at $25,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Carlyle Secured Lending by 71.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,630 shares of the company’s stock valued at $36,000 after acquiring an additional 1,100 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Carlyle Secured Lending in the 3rd quarter valued at approximately $37,000. Tower Research Capital LLC TRC increased its stake in Carlyle Secured Lending by 1,011.6% during the second quarter. Tower Research Capital LLC TRC now owns 4,313 shares of the company’s stock worth $59,000 after acquiring an additional 3,925 shares during the last quarter. Finally, Security National Bank purchased a new stake in Carlyle Secured Lending in the 3rd quarter valued at about $64,000. 24.51% of the stock is owned by hedge funds and other institutional investors.

Carlyle Secured Lending Stock Down 0.2%

NASDAQ:CGBD opened at $12.67 on Thursday. Carlyle Secured Lending has a fifty-two week low of $11.55 and a fifty-two week high of $18.64. The firm has a market cap of $645.66 million, a P/E ratio of 10.74 and a beta of 0.69. The firm has a 50-day simple moving average of $12.48 and a two-hundred day simple moving average of $13.07. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.90 and a current ratio of 0.90.

Carlyle Secured Lending (NASDAQ:CGBD) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). Carlyle Secured Lending had a net margin of 30.18% and a return on equity of 9.24%. The company had revenue of $66.51 million for the quarter, compared to analysts’ expectations of $69.61 million. Analysts predict that Carlyle Secured Lending will post 1.97 earnings per share for the current fiscal year.

Carlyle Secured Lending Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.40 per share. The ex-dividend date is Wednesday, December 31st. This represents a $1.60 dividend on an annualized basis and a yield of 12.6%. Carlyle Secured Lending’s dividend payout ratio is currently 135.59%.

About Carlyle Secured Lending

Carlyle Secured Lending, Inc (NASDAQ: CGBD) is a closed-end, non-diversified business development company that provides customized debt financing solutions to middle-market companies. Chartered under the Investment Company Act of 1940, the company invests primarily in floating-rate senior secured loans, including first-lien, unitranche and one-stop structures. Its objective is to generate current income and capital appreciation through disciplined credit selection and active portfolio management.

The firm focuses on U.S.