Carlyle Secured Lending (NASDAQ:CGBD) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Carlyle Secured Lending (NASDAQ:CGBD) announced its quarterly earnings data on Tuesday. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01, Zacks reports. Carlyle Secured Lending had a return on equity of 12.60% and a net margin of 40.69%.

Carlyle Secured Lending Price Performance

NASDAQ CGBD traded down $0.25 on Tuesday, hitting $17.52. The stock had a trading volume of 268,799 shares, compared to its average volume of 208,427. The firm has a 50-day moving average of $18.06 and a 200-day moving average of $17.39. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.11 and a current ratio of 1.11. Carlyle Secured Lending has a 52-week low of $15.01 and a 52-week high of $18.74. The company has a market capitalization of $891.87 million, a price-to-earnings ratio of 9.79 and a beta of 1.57.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CGBD shares. JPMorgan Chase & Co. increased their target price on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Wells Fargo & Company raised their price objective on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Finally, Bank of America cut shares of Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 target price on the stock. in a report on Monday, February 10th.

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.