Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Receives Consensus Rating of “Hold” from Analysts

Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) have been given an average recommendation of “Hold” by the seven analysts that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $12.50.

CGBD has been the topic of several analyst reports. B. Riley Financial reissued a “buy” rating on shares of Carlyle Secured Lending in a research note on Tuesday, May 12th. JPMorgan Chase & Co. lowered their target price on Carlyle Secured Lending from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, March 13th. Finally, Wells Fargo & Company cut their target price on Carlyle Secured Lending from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, May 13th.

Carlyle Secured Lending Stock Performance

Shares of CGBD stock opened at $10.94 on Thursday. The firm has a market capitalization of $760.33 million, a price-to-earnings ratio of 15.41 and a beta of 0.62. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.24. The business’s 50-day moving average price is $11.06 and its 200-day moving average price is $11.58. Carlyle Secured Lending has a 12 month low of $10.48 and a 12 month high of $14.49.

Carlyle Secured Lending (NASDAQ:CGBD) last released its quarterly earnings data on Monday, May 11th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $64.08 million during 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 research analysts forecast that Carlyle Secured Lending will post 1.36 EPS for the current year.

Carlyle Secured Lending Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date is Tuesday, June 30th. Carlyle Secured Lending’s dividend payout ratio (DPR) is 197.18%.

Hedge Funds Weigh In On Carlyle Secured Lending

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 valued at $36,000 after purchasing an additional 1,100 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in Carlyle Secured Lending in the fourth quarter valued at $47,000. Tower Research Capital LLC TRC increased 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 purchasing an additional 3,925 shares in the last quarter. Beaumont Financial Advisors LLC bought a new stake in Carlyle Secured Lending in the first quarter valued at $110,000. Finally, SG Americas Securities LLC acquired a new position in shares of Carlyle Secured Lending during the fourth quarter valued at about $112,000. 24.51% of the stock is owned by institutional investors and hedge funds.

Carlyle Secured Lending Company Profile

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.