Citizens Jmp Initiates Coverage on Carlyle Secured Lending (NASDAQ:CGBD)

Research analysts at Citizens Jmp initiated coverage on shares of Carlyle Secured Lending (NASDAQ:CGBD) in a note issued to investors on Monday, Marketbeat Ratings reports. The brokerage set a “market perform” rating on the stock.

Other equities research analysts also recently issued research reports about the company. Raymond James Financial upgraded 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. Zacks Research downgraded Carlyle Secured Lending from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. JPMorgan Chase & Co. cut their target price on shares of Carlyle Secured Lending from $12.50 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Citigroup initiated coverage on shares of Carlyle Secured Lending in a report on Monday. They issued a “market perform” rating on the stock. Finally, B. Riley lowered their price target on shares of Carlyle Secured Lending from $14.50 to $13.00 and set a “neutral” rating for the company in a report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Carlyle Secured Lending presently has a consensus rating of “Hold” and a consensus price target of $14.33.

Carlyle Secured Lending Stock Performance

Shares of CGBD stock opened at $13.03 on Monday. The firm has a 50 day moving average of $12.37 and a two-hundred day moving average of $13.29. The stock has a market capitalization of $664.01 million, a PE ratio of 11.04 and a beta of 0.68. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.10. Carlyle Secured Lending has a 52 week low of $11.55 and a 52 week high of $18.64.

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 the consensus estimate of $0.39 by ($0.01). The company had revenue of $66.51 million during the quarter, compared to analyst estimates of $69.61 million. Carlyle Secured Lending had a net margin of 30.18% and a return on equity of 9.24%. On average, research analysts predict that Carlyle Secured Lending will post 1.97 EPS for the current fiscal year.

Insider Activity

In related news, Director John G. Nestor sold 7,085 shares of the stock in a transaction on Friday, November 14th. The shares were sold at an average price of $11.87, for a total value of $84,098.95. Following the transaction, the director directly owned 7,508 shares of the company’s stock, valued at $89,119.96. This trade represents a 48.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Carlyle Secured Lending

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rossby Financial LCC purchased a new stake in shares of Carlyle Secured Lending in the 3rd quarter valued at about $25,000. Quarry LP acquired a new position in Carlyle Secured Lending during the first quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. increased its position in Carlyle Secured Lending by 71.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,630 shares of the company’s stock worth $36,000 after buying an additional 1,100 shares during the period. State of Alaska Department of Revenue purchased a new stake in Carlyle Secured Lending in the third quarter valued at approximately $37,000. Finally, Tower Research Capital LLC TRC lifted its stake in Carlyle Secured Lending by 1,011.6% in the second quarter. Tower Research Capital LLC TRC now owns 4,313 shares of the company’s stock valued at $59,000 after buying an additional 3,925 shares during the last quarter. 24.51% of the stock is owned by hedge funds and other institutional investors.

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.