Carlyle Secured Lending (NASDAQ:CGBD) Hits New 12-Month Low – Should You Sell?

Carlyle Secured Lending, Inc. (NASDAQ:CGBD)’s share price hit a new 52-week low on Monday . The stock traded as low as $10.48 and last traded at $10.5990, with a volume of 56237 shares trading hands. The stock had previously closed at $10.79.

Analysts Set New Price Targets

CGBD has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their target price on shares of Carlyle Secured Lending from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, March 13th. Wells Fargo & Company decreased their target price on shares of Carlyle Secured Lending from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Carlyle Secured Lending in a research report on Tuesday, May 12th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Carlyle Secured Lending has a consensus rating of “Hold” and an average price target of $12.50.

Carlyle Secured Lending Stock Performance

The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.72 and a current ratio of 1.72. The firm’s 50-day moving average price is $11.18 and its two-hundred day moving average price is $11.79. The firm has a market capitalization of $749.21 million, a price-to-earnings ratio of 15.18 and a beta of 0.62.

Carlyle Secured Lending (NASDAQ:CGBD) last released its quarterly earnings results on Monday, May 11th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $64.08 million for the quarter, compared to analyst estimates of $65.78 million. Carlyle Secured Lending had a net margin of 19.52% and a return on equity of 8.99%. Sell-side analysts predict that Carlyle Secured Lending, Inc. 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 given a $0.35 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.40 dividend on an annualized basis and a yield of 13.0%. Carlyle Secured Lending’s payout ratio is 225.35%.

Hedge Funds Weigh In On Carlyle Secured Lending

Institutional investors have recently bought and sold shares of the business. Rossby Financial LCC bought a new position in Carlyle Secured Lending in the 3rd quarter valued at $25,000. Northwestern Mutual Wealth Management Co. raised its position in 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 valued at $36,000 after purchasing an additional 1,100 shares during the last quarter. Kestra Advisory Services LLC bought a new position in Carlyle Secured Lending in the 4th quarter valued at $47,000. Tower Research Capital LLC TRC raised its position in Carlyle Secured Lending by 1,011.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,313 shares of the company’s stock valued at $59,000 after purchasing an additional 3,925 shares during the last quarter. Finally, Beaumont Financial Advisors LLC bought a new position in Carlyle Secured Lending in the 1st quarter valued at $110,000. Institutional investors own 24.51% of the company’s stock.

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.