Carlyle Secured Lending (NASDAQ:CGBD) Reaches New 52-Week Low – What’s Next?

Carlyle Secured Lending, Inc. (NASDAQ:CGBD)’s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $9.95 and last traded at $9.9650, with a volume of 153532 shares changing hands. The stock had previously closed at $10.10.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CGBD shares. B. Riley Financial reissued a “buy” rating on shares of Carlyle Secured Lending in a report on Tuesday, May 12th. Wells Fargo & Company cut their price objective on Carlyle Secured Lending from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.50.

Carlyle Secured Lending Trading Down 1.3%

The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 1.24. The business’s fifty day moving average is $10.64 and its two-hundred day moving average is $11.25. The firm has a market cap of $692.54 million, a price-to-earnings ratio of 14.02 and a beta of 0.62.

Carlyle Secured Lending (NASDAQ:CGBD) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The firm had revenue of $64.08 million for the quarter, compared to the consensus estimate of $65.78 million. Carlyle Secured Lending had a return on equity of 8.99% and a net margin of 19.52%. Equities analysts anticipate that Carlyle Secured Lending, Inc. will post 1.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Carlyle Secured Lending

Several hedge funds have recently added to or reduced their stakes in CGBD. Northwestern Mutual Wealth Management Co. raised its holdings in 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 worth $36,000 after purchasing an additional 1,100 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Carlyle Secured Lending during the 4th quarter worth approximately $47,000. Tower Research Capital LLC TRC raised its stake in shares of 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 buying an additional 3,925 shares during the last quarter. Beaumont Financial Advisors LLC acquired a new position in Carlyle Secured Lending in the first quarter valued at approximately $110,000. Finally, SG Americas Securities LLC bought a new position in Carlyle Secured Lending in the fourth quarter valued at approximately $112,000. Institutional investors own 24.51% of the company’s stock.

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.