Carlyle Secured Lending (NASDAQ:CGBD) Shares Gap Down – Should You Sell?

Carlyle Secured Lending, Inc. (NASDAQ:CGBD)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $18.40, but opened at $17.96. Carlyle Secured Lending shares last traded at $17.84, with a volume of 105,437 shares traded.

Wall Street Analysts Forecast Growth

CGBD has been the subject of a number of research analyst reports. Bank of America cut shares of Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 price target for the company. in a report on Monday. Wells Fargo & Company raised their target price on Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. boosted their price target on Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “underweight” rating in a research note on Monday, February 3rd.

Carlyle Secured Lending Price Performance

The stock’s 50 day moving average price is $18.05 and its two-hundred day moving average price is $17.34. The stock has a market cap of $892.45 million, a price-to-earnings ratio of 9.79 and a beta of 1.57. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.99.

Institutional Investors Weigh In On Carlyle Secured Lending

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in Carlyle Secured Lending by 1,597.0% during the third quarter. International Assets Investment Management LLC now owns 307,581 shares of the company’s stock worth $52,200,000 after buying an additional 289,456 shares in the last quarter. Hager Investment Management Services LLC acquired a new position in shares of Carlyle Secured Lending in the fourth quarter worth about $4,093,000. Raymond James Financial Inc. purchased a new stake in shares of Carlyle Secured Lending during the 4th quarter worth about $3,223,000. Edge Capital Group LLC grew its position in shares of Carlyle Secured Lending by 470.2% during the 4th quarter. Edge Capital Group LLC now owns 64,518 shares of the company’s stock valued at $1,157,000 after acquiring an additional 53,204 shares during the period. Finally, GFS Advisors LLC purchased a new position in shares of Carlyle Secured Lending in the 4th quarter valued at about $891,000. Institutional investors and hedge funds own 24.51% of the company’s stock.

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.