Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Stock Has Average Price Target of $11.25 According to Analysts

Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) have earned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $11.25.

CGBD has been the subject of several research reports. Wells Fargo & Company reissued an “equal weight” rating and set a $11.00 price objective (down from $12.00) on shares of Carlyle Secured Lending in a report on Tuesday, September 29th. Raymond James Financial set a $11.00 target price on Carlyle Secured Lending in a report on Thursday. Finally, Zacks Research upgraded Carlyle Secured Lending from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th.

Institutional Trading of Carlyle Secured Lending

Several hedge funds have recently modified their holdings of CGBD. Allworth Financial LP purchased a new position in shares of Carlyle Secured Lending in the second quarter valued at $27,000. Burk Holdings LLC purchased a new stake in Carlyle Secured Lending during the second quarter valued at $37,000. Beaumont Financial Advisors LLC purchased a new stake in Carlyle Secured Lending during the first quarter valued at $110,000. SCS Capital Management LLC bought a new position in Carlyle Secured Lending during the second quarter valued at $123,000. Finally, CFO4Life Group LLC bought a new position in Carlyle Secured Lending during the second quarter valued at $129,000. 24.51% of the stock is owned by hedge funds and other institutional investors.

Carlyle Secured Lending Price Performance

Shares of Carlyle Secured Lending stock traded down $0.06 on Friday, hitting $10.22. 322,017 shares of the company traded hands, compared to its average volume of 505,348. Carlyle Secured Lending has a 52 week low of $9.94 and a 52 week high of $13.28. The business has a 50-day simple moving average of $11.08 and a 200 day simple moving average of $10.97. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market capitalization of $703.19 million, a P/E ratio of 20.04 and a beta of 0.66.

Carlyle Secured Lending Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 13.7%. The ex-dividend date was Wednesday, September 30th. Carlyle Secured Lending’s dividend payout ratio (DPR) is currently 274.51%.

About Carlyle Secured Lending

Carlyle Secured Lending, Inc (NASDAQ:CGBD) is a business development company that invests in privately held, middle-market companies. Its primary objective is to generate current income and, to a lesser extent, capital appreciation by providing financing to businesses that may have limited access to traditional sources of capital.

The company primarily invests in first-lien senior secured loans, while also pursuing opportunities in second-lien loans, subordinated debt and equity investments.