JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Carlyle Secured Lending (NASDAQ:CGBD) Stock

Carlyle Secured Lending (NASDAQ:CGBD) had its price objective hoisted by research analysts at 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 price objective would indicate a potential downside of 7.96% from the company’s current price.

Separately, Wells Fargo & Company raised their price objective 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.

Carlyle Secured Lending Price Performance

Shares of CGBD opened at $18.47 on Monday. 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 has a 1-year low of $14.76 and a 1-year high of $18.74. The stock has a market cap of $940.31 million, a PE ratio of 10.32 and a beta of 1.57. The firm has a fifty day moving average price of $17.97 and a 200 day moving average price of $17.34.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $55.97 million during the quarter, compared to analysts’ expectations of $39.92 million. Carlyle Secured Lending had a return on equity of 12.60% and a net margin of 40.69%. During the same quarter in the previous year, the business earned $0.52 earnings per share. As a group, sell-side analysts anticipate that Carlyle Secured Lending will post 1.98 EPS for the current year.

Hedge Funds Weigh In On Carlyle Secured Lending

A number of hedge funds and other institutional investors have recently bought and sold shares of CGBD. Jane Street Group LLC lifted its stake in shares of Carlyle Secured Lending by 30.9% in the 3rd quarter. Jane Street Group LLC now owns 13,775 shares of the company’s stock worth $234,000 after acquiring an additional 3,249 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Carlyle Secured Lending in the third quarter valued at about $492,000. Private Advisor Group LLC purchased a new stake in Carlyle Secured Lending in the 3rd quarter valued at approximately $235,000. Franklin Resources Inc. acquired a new position in Carlyle Secured Lending during the 3rd quarter worth approximately $585,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in Carlyle Secured Lending by 8.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,150 shares of the company’s stock worth $325,000 after purchasing an additional 1,546 shares during the period. 24.51% of the stock is currently owned by hedge funds and other institutional investors.

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.