Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Stock Has Average Target Price of $12.25

Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $12.25.

Separately, Wells Fargo & Company reissued an “equal weight” rating and issued a $11.00 price objective (down from $12.00) on shares of Carlyle Secured Lending in a research report on Tuesday, September 29th.

Carlyle Secured Lending Price Performance

Shares of NASDAQ CGBD opened at $10.56 on Tuesday. The company has a market capitalization of $726.58 million, a PE ratio of 20.71 and a beta of 0.66. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.20. The stock’s 50 day moving average price is $11.16 and its 200-day moving average price is $11.04. Carlyle Secured Lending has a twelve month low of $9.94 and a twelve month high of $13.28.

Carlyle Secured Lending Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Wednesday, September 30th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 13.3%. The ex-dividend date of this dividend is Wednesday, September 30th. Carlyle Secured Lending’s payout ratio is 274.51%.

Institutional Trading of Carlyle Secured Lending

Several hedge funds have recently added to or reduced their stakes in the stock. Compass Financial Management LLC bought a new position in shares of Carlyle Secured Lending during the 2nd quarter valued at approximately $464,000. Van ECK Associates Corp lifted its stake in Carlyle Secured Lending by 33.2% in the second quarter. Van ECK Associates Corp now owns 1,748,836 shares of the company’s stock valued at $18,415,000 after purchasing an additional 436,365 shares during the last quarter. Glenview Trust Co bought a new position in Carlyle Secured Lending during the second quarter valued at $147,000. Almitas Capital LLC bought a new position in Carlyle Secured Lending during the second quarter valued at $452,000. Finally, Corient Private Wealth LP purchased a new stake in Carlyle Secured Lending in the second quarter worth $1,921,000. Institutional investors own 24.51% of the company’s stock.

About Carlyle Secured Lending

Carlyle Secured Lending, Inc (NASDAQ: CGBD) is a business development company that provides financing to middle-market companies, primarily in the United States. The company is externally managed by Carlyle GMS Investment Management LLC, an affiliate of global investment firm The Carlyle Group.

Carlyle Secured Lending invests primarily in senior secured loans, including first-lien and unitranche loans, and may also invest in second-lien debt and equity securities. Its portfolio companies generally operate across a range of industries and are typically privately owned businesses that require capital for acquisitions, growth initiatives, recapitalizations, refinancing and other corporate purposes.

The company traces its origins to TCG BDC, Inc, which began operations in 2012 and later adopted the Carlyle Secured Lending name.