Carlyle Secured Lending (NASDAQ:CGBD) Cut to “Underweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Carlyle Secured Lending (NASDAQ:CGBD) from a neutral rating to an underweight rating in a report issued on Monday morning, MarketBeat.com reports. The brokerage currently has $17.00 target price on the stock.

Separately, Wells Fargo & Company increased 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 research report on Friday, July 26th.

Carlyle Secured Lending Trading Down 0.8 %

NASDAQ:CGBD opened at $17.52 on Monday. Carlyle Secured Lending has a 52 week low of $13.31 and a 52 week high of $18.74. The firm has a 50 day moving average of $17.95 and a 200 day moving average of $16.84. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $889.84 million, a price-to-earnings ratio of 10.25 and a beta of 1.60.

Carlyle Secured Lending (NASDAQ:CGBD) last posted its earnings results on Tuesday, May 7th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. Carlyle Secured Lending had a net margin of 38.15% and a return on equity of 12.92%. The company had revenue of $44.14 million during the quarter, compared to analysts’ expectations of $42.86 million. As a group, sell-side analysts anticipate that Carlyle Secured Lending will post 2.05 earnings per share for the current fiscal year.

Institutional Trading of Carlyle Secured Lending

Hedge funds and other institutional investors have recently made changes to their positions in the business. nVerses Capital LLC acquired a new stake in shares of Carlyle Secured Lending in the second quarter worth $53,000. Cape Investment Advisory Inc. acquired a new stake in shares of Carlyle Secured Lending in the fourth quarter worth $76,000. Tucker Asset Management LLC acquired a new stake in shares of Carlyle Secured Lending in the fourth quarter worth $80,000. Kingsview Wealth Management LLC acquired a new stake in shares of Carlyle Secured Lending in the first quarter worth $171,000. Finally, Great Valley Advisor Group Inc. increased its stake in shares of Carlyle Secured Lending by 5.1% in the second quarter. Great Valley Advisor Group Inc. now owns 11,665 shares of the company’s stock worth $207,000 after acquiring an additional 565 shares during the period. Institutional investors and hedge funds 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.