Carlyle Secured Lending (NASDAQ:CGBD) Downgraded by Bank of America to "Underperform"

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) was downgraded by analysts at Bank of America from a "buy" rating to an "underperform" rating in a research report issued on Monday, MarketBeat Ratings reports. They currently have a $17.00 price objective on the stock. Bank of America's price objective would indicate a potential downside of 2.63% from the company's previous close.

A number of other brokerages have also commented on CGBD. Wells Fargo & Company raised their price objective on Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. raised their price objective on Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an "underweight" rating in a research report on Monday, February 3rd.

Carlyle Secured Lending Trading Up 0.8 %

Shares of NASDAQ CGBD traded up $0.14 during mid-day trading on Monday, hitting $17.46. 200,547 shares of the company traded hands, compared to its average volume of 216,267. Carlyle Secured Lending has a 1 year low of $14.80 and a 1 year high of $18.74. The stock has a market capitalization of $888.89 million, a price-to-earnings ratio of 9.75 and a beta of 1.57. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.99. The business has a 50 day moving average of $18.05 and a two-hundred day moving average of $17.34.

Institutional Investors Weigh In On Carlyle Secured Lending

Institutional investors have recently bought and sold shares of the business. Novare Capital Management LLC raised 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 in the last quarter. Stifel Financial Corp raised its stake in shares of Carlyle Secured Lending by 3.6% during the 3rd 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. HighTower Advisors LLC raised its stake in shares of Carlyle Secured Lending by 1.9% during the 4th quarter. HighTower Advisors LLC now owns 75,065 shares of the company's stock worth $1,346,000 after purchasing an additional 1,373 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Carlyle Secured Lending by 5.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 31,058 shares of the company's stock worth $527,000 after purchasing an additional 1,490 shares in the last quarter. Finally, Great Valley Advisor Group Inc. raised its stake in shares of Carlyle Secured Lending by 12.9% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 13,165 shares of the company's stock worth $223,000 after purchasing an additional 1,500 shares in the last quarter. 24.51% of the stock is currently owned by institutional investors and hedge funds.

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.