Carlyle Secured Lending (NASDAQ:CGBD) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Carlyle Secured Lending (NASDAQ:CGBDGet 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:CGBDGet 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

Hedge funds have recently added to or reduced their stakes in the company. Novare Capital Management LLC increased its stake in shares of Carlyle Secured Lending by 0.5% during the 4th quarter. Novare Capital Management LLC now owns 178,705 shares of the company’s stock worth $3,204,000 after purchasing an additional 900 shares during the last quarter. Stifel Financial Corp boosted its holdings in Carlyle Secured Lending by 3.6% in the third quarter. Stifel Financial Corp now owns 30,274 shares of the company’s stock worth $514,000 after purchasing an additional 1,039 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in Carlyle Secured Lending by 5.0% during the third quarter. Rockefeller Capital Management L.P. now owns 31,058 shares of the company’s stock worth $527,000 after buying an additional 1,490 shares during the last quarter. Great Valley Advisor Group Inc. raised its holdings in Carlyle Secured Lending by 12.9% during the third quarter. Great Valley Advisor Group Inc. now owns 13,165 shares of the company’s stock valued at $223,000 after buying an additional 1,500 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Carlyle Secured Lending by 8.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,150 shares of the company’s stock worth $325,000 after buying an additional 1,546 shares during the last quarter. Institutional investors and hedge funds own 24.51% of the company’s stock.

About Carlyle Secured Lending

(Get Free Report)

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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