Carlyle Secured Lending (NASDAQ:CGBD) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) had its price target hoisted by JPMorgan Chase & Co. from $16.00 to $17.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s target price would indicate a potential downside of 7.46% from the stock's current price.

Separately, Wells Fargo & Company boosted their target price on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th.

Carlyle Secured Lending Stock Performance

Shares of NASDAQ CGBD traded down $0.07 during midday trading on Monday, reaching $18.37. The company's stock had a trading volume of 103,540 shares, compared to its average volume of 185,897. Carlyle Secured Lending has a 12-month low of $14.76 and a 12-month high of $18.74. The stock has a market capitalization of $935.22 million, a P/E ratio of 10.26 and a beta of 1.57. The firm has a 50 day moving average price of $18.01 and a 200-day moving average price of $17.36. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.11 and a quick ratio of 1.11.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.01. Carlyle Secured Lending had a net margin of 40.69% and a return on equity of 12.60%. The business had revenue of $55.97 million during the quarter, compared to the consensus estimate of $39.92 million. During the same quarter last year, the company posted $0.52 earnings per share. As a group, equities analysts predict that Carlyle Secured Lending will post 1.98 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Jane Street Group LLC grew its position in Carlyle Secured Lending by 30.9% during the third quarter. Jane Street Group LLC now owns 13,775 shares of the company's stock worth $234,000 after buying an additional 3,249 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Carlyle Secured Lending during the third quarter worth about $492,000. Private Advisor Group LLC bought a new position in shares of Carlyle Secured Lending in the third quarter worth approximately $235,000. Franklin Resources Inc. purchased a new stake in Carlyle Secured Lending in the third quarter valued at approximately $585,000. Finally, Round Rock Advisors LLC bought a new stake in Carlyle Secured Lending during the fourth quarter valued at approximately $333,000. Institutional investors own 24.51% of the company's stock.

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.