Carlyle Secured Lending (NASDAQ:CGBD – Get Free Report) had its price objective upped by stock analysts at Wells Fargo & Company from $16.00 to $17.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential downside of 8.01% from the stock’s previous close.
Carlyle Secured Lending Price Performance
Shares of NASDAQ CGBD opened at $18.48 on Wednesday. The company has a market capitalization of $940.82 million, a price-to-earnings ratio of 10.32 and a beta of 1.57. Carlyle Secured Lending has a twelve month low of $14.76 and a twelve month high of $18.74. The firm has a 50-day moving average of $17.88 and a two-hundred day moving average of $17.35. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.99.
Carlyle Secured Lending (NASDAQ:CGBD – Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. The firm had revenue of $55.97 million for the quarter, compared to analysts’ expectations of $39.92 million. Carlyle Secured Lending had a net margin of 40.69% and a return on equity of 12.60%. During the same period in the previous year, the company posted $0.52 EPS. As a group, analysts expect that Carlyle Secured Lending will post 1.98 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Carlyle Secured Lending
About Carlyle Secured Lending
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.
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