Janney Montgomery Scott LLC Has $762,000 Stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Janney Montgomery Scott LLC reduced its stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,490 shares of the company’s stock after selling 2,353 shares during the period. Janney Montgomery Scott LLC owned about 0.08% of Carlyle Secured Lending worth $762,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Carlyle Secured Lending during the second quarter worth $52,000. Great Valley Advisor Group Inc. grew its position in 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 acquiring an additional 1,500 shares during the last quarter. Jane Street Group LLC grew its position in Carlyle Secured Lending by 30.9% during 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 last quarter. Private Advisor Group LLC acquired a new position in Carlyle Secured Lending in the 3rd quarter worth about $235,000. Finally, Good Life Advisors LLC bought a new position in Carlyle Secured Lending in the third quarter valued at about $253,000. 24.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on CGBD. Wells Fargo & Company boosted their price target on Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. increased their price objective on shares of 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 Price Performance

Carlyle Secured Lending stock opened at $18.40 on Friday. The stock has a market capitalization of $936.74 million, a price-to-earnings ratio of 10.28 and a beta of 1.57. Carlyle Secured Lending, Inc. has a 52-week low of $14.76 and a 52-week high of $18.74. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.11 and a current ratio of 1.11. The stock’s 50 day moving average price is $18.01 and its two-hundred day moving average price is $17.36.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. Carlyle Secured Lending had a return on equity of 12.60% and a net margin of 40.69%. The business had revenue of $55.97 million for the quarter, compared to analyst estimates of $39.92 million. During the same quarter in the prior year, the company earned $0.52 earnings per share. On average, equities analysts predict that Carlyle Secured Lending, Inc. will post 1.98 earnings per share for the current year.

Carlyle Secured Lending 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.