Carlyle Secured Lending (NASDAQ:CGBD) Price Target Lowered to $13.00 at B. Riley

Carlyle Secured Lending (NASDAQ:CGBD) had its price target lowered by analysts at B. Riley from $14.50 to $13.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. B. Riley’s price objective would indicate a potential upside of 7.39% from the company’s current price.

Several other research analysts have also recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on Carlyle Secured Lending from $12.50 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Raymond James Financial raised shares of Carlyle Secured Lending from a “market perform” rating to an “outperform” rating and set a $15.00 price target on the stock in a report on Tuesday, October 7th. Finally, Wells Fargo & Company decreased their price objective on shares of Carlyle Secured Lending from $15.00 to $14.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $14.33.

Carlyle Secured Lending Trading Up 2.0%

Shares of Carlyle Secured Lending stock traded up $0.24 during trading on Tuesday, hitting $12.11. The company’s stock had a trading volume of 225,997 shares, compared to its average volume of 405,604. The stock has a market cap of $616.87 million, a price-to-earnings ratio of 10.26 and a beta of 0.87. Carlyle Secured Lending has a 52 week low of $11.65 and a 52 week high of $18.64. The stock has a 50-day moving average price of $12.81 and a two-hundred day moving average price of $13.56. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.90 and a quick ratio of 0.90.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $66.51 million during the quarter, compared to analyst estimates of $69.61 million. Equities research analysts anticipate that Carlyle Secured Lending will post 1.97 EPS for the current fiscal year.

Insider Buying and Selling

In other Carlyle Secured Lending news, Director John G. Nestor sold 13,238 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $13.49, for a total value of $178,580.62. Following the completion of the transaction, the director owned 14,593 shares in the company, valued at approximately $196,859.57. This represents a 47.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thomas M. Hennigan acquired 7,285 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were acquired at an average cost of $13.75 per share, for a total transaction of $100,168.75. Following the purchase, the chief financial officer directly owned 88,495 shares of the company’s stock, valued at $1,216,806.25. This represents a 8.97% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.61% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rossby Financial LCC purchased a new position in shares of Carlyle Secured Lending in the 3rd quarter worth $25,000. Quarry LP purchased a new position in Carlyle Secured Lending in the first quarter worth about $32,000. Northwestern Mutual Wealth Management Co. boosted its position in Carlyle Secured Lending by 71.9% in the second 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. State of Alaska Department of Revenue bought a new stake in shares of Carlyle Secured Lending during the 3rd quarter valued at about $37,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Carlyle Secured Lending by 1,011.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,313 shares of the company’s stock valued at $59,000 after purchasing an additional 3,925 shares during the last quarter. 24.51% of the stock is owned by institutional investors.

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.