Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Sees Significant Growth in Short Interest

Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Get Free Report) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 542,600 shares, a growth of 9.9% from the January 15th total of 493,600 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily volume of 212,700 shares, the short-interest ratio is presently 2.6 days.

Institutional Investors Weigh In On Carlyle Secured Lending

Several large investors have recently made changes to their positions in the company. Caxton Associates LP bought a new stake in shares of Carlyle Secured Lending in the fourth quarter worth about $362,000. Bank of America Corp DE increased its holdings in shares of Carlyle Secured Lending by 3.8% in the fourth quarter. Bank of America Corp DE now owns 1,192,606 shares of the company's stock worth $21,383,000 after purchasing an additional 44,033 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Carlyle Secured Lending by 9.3% in the fourth quarter. Ameriprise Financial Inc. now owns 178,830 shares of the company's stock worth $3,207,000 after purchasing an additional 15,143 shares during the last quarter. Aptus Capital Advisors LLC bought a new stake in shares of Carlyle Secured Lending in the fourth quarter worth about $391,000. Finally, Triumph Capital Management increased its holdings in shares of Carlyle Secured Lending by 10.3% in the fourth quarter. Triumph Capital Management now owns 39,593 shares of the company's stock worth $710,000 after purchasing an additional 3,705 shares during the last quarter. 24.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CGBD has been the topic of a number of recent analyst reports. Bank of America cut Carlyle Secured Lending from a "buy" rating to an "underperform" rating and set a $17.00 price target on the stock. in a report on Monday, February 10th. Wells Fargo & Company raised their price target on Carlyle Secured Lending from $16.00 to $17.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. raised their price target on Carlyle Secured Lending from $16.00 to $17.00 and gave the company an "underweight" rating in a report on Monday, February 3rd.

Carlyle Secured Lending Price Performance

Shares of CGBD stock traded up $0.01 during trading hours on Thursday, hitting $17.97. The stock had a trading volume of 119,512 shares, compared to its average volume of 212,288. Carlyle Secured Lending has a one year low of $15.01 and a one year high of $18.74. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.11 and a quick ratio of 1.11. The stock's 50-day moving average price is $18.07 and its two-hundred day moving average price is $17.36. The stock has a market capitalization of $914.85 million, a price-to-earnings ratio of 10.04 and a beta of 1.57.

Carlyle Secured Lending Company Profile

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.