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

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) has earned an average recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $12.50.

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

Hedge Funds Weigh In On Carlyle Secured Lending

A number of hedge funds have recently made changes to their positions in the business. Transcend Capital Advisors LLC raised its stake in shares of Carlyle Secured Lending by 2.8% in the 4th quarter. Transcend Capital Advisors LLC now owns 29,451 shares of the company’s stock valued at $368,000 after buying an additional 805 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Carlyle Secured Lending by 3.2% in the 4th quarter. Mackenzie Financial Corp now owns 27,466 shares of the company’s stock valued at $348,000 after buying an additional 857 shares in the last quarter. Advisory Research Inc. raised its holdings in shares of Carlyle Secured Lending by 9.2% in the 3rd quarter. Advisory Research Inc. now owns 11,340 shares of the company’s stock worth $142,000 after buying an additional 953 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Carlyle Secured Lending by 71.9% in the 2nd 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 in the last quarter. Finally, Sunbelt Securities Inc. raised its holdings in shares of Carlyle Secured Lending by 3.3% in the 4th quarter. Sunbelt Securities Inc. now owns 34,182 shares of the company’s stock worth $427,000 after buying an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 24.51% of the company’s stock.

Carlyle Secured Lending Price Performance

Shares of Carlyle Secured Lending stock opened at $10.90 on Friday. The firm has a fifty day simple moving average of $11.17 and a 200-day simple moving average of $11.77. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.24. Carlyle Secured Lending has a 1-year low of $10.48 and a 1-year high of $14.49. The stock has a market capitalization of $757.55 million, a price-to-earnings ratio of 15.35 and a beta of 0.62.

Carlyle Secured Lending (NASDAQ:CGBD) last released its earnings results on Monday, May 11th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm had revenue of $64.08 million during the quarter, compared to analysts’ expectations of $65.78 million. Carlyle Secured Lending had a net margin of 19.52% and a return on equity of 8.99%. On average, sell-side analysts expect that Carlyle Secured Lending will post 1.36 earnings per share for the current year.

Carlyle Secured Lending Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Tuesday, June 30th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.40 annualized dividend and a yield of 12.8%. Carlyle Secured Lending’s dividend payout ratio is 225.35%.

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.