Carlyle Secured Lending (NASDAQ:CGBD) Price Target Raised to $17.00 at Wells Fargo & Company

Carlyle Secured Lending (NASDAQ:CGBD) had its price objective lifted by investment analysts at Wells Fargo & Company from $16.00 to $17.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential downside of 6.39% from the stock’s current price.

Carlyle Secured Lending Stock Performance

Shares of CGBD stock opened at $18.16 on Friday. The firm has a market capitalization of $922.35 million, a price-to-earnings ratio of 10.62 and a beta of 1.60. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.45 and a quick ratio of 1.45. The business has a fifty day moving average of $17.95 and a 200 day moving average of $16.77. Carlyle Secured Lending has a 1 year low of $13.31 and a 1 year high of $18.74.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its earnings results on Tuesday, May 7th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. The company had revenue of $44.14 million during the quarter, compared to analyst estimates of $42.86 million. Carlyle Secured Lending had a return on equity of 12.92% and a net margin of 38.15%. As a group, research analysts expect that Carlyle Secured Lending will post 2.05 earnings per share for the current year.

Institutional Investors Weigh In On Carlyle Secured Lending

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Verdence Capital Advisors LLC grew its position in Carlyle Secured Lending by 5.0% during the 2nd quarter. Verdence Capital Advisors LLC now owns 29,152 shares of the company’s stock worth $517,000 after purchasing an additional 1,400 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in Carlyle Secured Lending by 44.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 118,341 shares of the company’s stock worth $2,099,000 after purchasing an additional 36,412 shares during the period. Raymond James & Associates grew its position in Carlyle Secured Lending by 3.6% during the 2nd quarter. Raymond James & Associates now owns 126,916 shares of the company’s stock worth $2,251,000 after purchasing an additional 4,459 shares during the period. Redhawk Wealth Advisors Inc. acquired a new stake in Carlyle Secured Lending during the 2nd quarter worth about $602,000. Finally, Great Valley Advisor Group Inc. grew its position in shares of Carlyle Secured Lending by 5.1% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 11,665 shares of the company’s stock valued at $207,000 after acquiring an additional 565 shares during the period. 24.51% of the stock is owned by institutional investors and hedge funds.

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.