Carlyle Secured Lending (NASDAQ:CGBD) Shares Gap Down - Time to Sell?

Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $18.40, but opened at $17.96. Carlyle Secured Lending shares last traded at $17.84, with a volume of 105,437 shares traded.

Analyst Ratings Changes

CGBD has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the company an "underweight" rating in a research report on Monday, February 3rd. Wells Fargo & Company lifted their target price on shares of 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. Finally, Bank of America cut shares of Carlyle Secured Lending from a "buy" rating to an "underperform" rating and set a $17.00 price objective on the stock. in a research note on Monday.

Carlyle Secured Lending Stock Performance

The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.99. The company has a market cap of $888.89 million, a PE ratio of 9.75 and a beta of 1.57. The business's 50 day moving average is $18.05 and its two-hundred day moving average is $17.34.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CGBD. Novare Capital Management LLC lifted its stake in Carlyle Secured Lending by 0.5% in 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 increased its position 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 valued at $514,000 after purchasing an additional 1,039 shares during the last quarter. HighTower Advisors LLC raised its holdings in Carlyle Secured Lending by 1.9% during the 4th quarter. HighTower Advisors LLC now owns 75,065 shares of the company's stock valued at $1,346,000 after buying an additional 1,373 shares during the period. Rockefeller Capital Management L.P. lifted its position in Carlyle Secured Lending by 5.0% in the third quarter. Rockefeller Capital Management L.P. now owns 31,058 shares of the company's stock worth $527,000 after buying an additional 1,490 shares during the last quarter. Finally, Great Valley Advisor Group Inc. lifted its position in Carlyle Secured Lending by 12.9% in the third quarter. Great Valley Advisor Group Inc. now owns 13,165 shares of the company's stock worth $223,000 after buying an additional 1,500 shares during the last quarter. 24.51% of the stock is currently owned by institutional investors.

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.