Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Short Interest Up 9.9% in January

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) was the recipient of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 542,600 shares, a growth of 9.9% from the January 15th total of 493,600 shares. Based on an average daily volume of 212,700 shares, the short-interest ratio is presently 2.6 days. Approximately 1.2% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CGBD. Wells Fargo & Company lifted their price target on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Bank of America lowered shares of Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 target price for the company. in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. upped their price target 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 Stock Up 1.3 %

CGBD opened at $17.68 on Tuesday. The stock has a market capitalization of $900.09 million, a price-to-earnings ratio of 9.88 and a beta of 1.57. Carlyle Secured Lending has a 1-year low of $14.92 and a 1-year high of $18.74. The business has a 50 day moving average of $18.05 and a 200-day moving average of $17.34. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.99.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Good Life Advisors LLC bought a new position in Carlyle Secured Lending in the third quarter valued at about $253,000. Private Advisor Group LLC bought a new stake in Carlyle Secured Lending during the third quarter worth $235,000. International Assets Investment Management LLC grew its position in shares of Carlyle Secured Lending by 1,597.0% in the 3rd quarter. International Assets Investment Management LLC now owns 307,581 shares of the company’s stock valued at $52,200,000 after acquiring an additional 289,456 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Carlyle Secured Lending by 2.2% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 120,911 shares of the company’s stock worth $2,052,000 after buying an additional 2,570 shares during the period. Finally, Grimes & Company Inc. raised its stake in Carlyle Secured Lending by 14.2% in the 3rd quarter. Grimes & Company Inc. now owns 23,414 shares of the company’s stock worth $397,000 after purchasing an additional 2,912 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.