Carlyle Secured Lending (NASDAQ:CGBD) Shares Gap Down – Here’s Why

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) 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 changing hands.

Analysts Set New Price Targets

Several brokerages have weighed in on CGBD. Bank of America cut Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 target price for the company. in a report on Monday. JPMorgan Chase & Co. upped their price objective on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company increased their target price on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th.

Carlyle Secured Lending Trading Down 0.7 %

The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $892.45 million, a P/E ratio of 9.79 and a beta of 1.57. The company has a 50-day moving average price of $18.05 and a 200 day moving average price of $17.34.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC boosted its stake in Carlyle Secured Lending by 30.9% in the third quarter. Jane Street Group LLC now owns 13,775 shares of the company’s stock valued at $234,000 after acquiring an additional 3,249 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Carlyle Secured Lending during the 3rd quarter valued at $492,000. Private Advisor Group LLC acquired a new stake in shares of Carlyle Secured Lending in the 3rd quarter worth $235,000. Hager Investment Management Services LLC purchased a new position in Carlyle Secured Lending during the 4th quarter worth $4,093,000. Finally, Franklin Resources Inc. acquired a new position in Carlyle Secured Lending during the 3rd quarter valued at about $585,000. Hedge funds and other institutional investors 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.