Carlyle Secured Lending (NASDAQ:CGBD) Rating Lowered to Underweight at JPMorgan Chase & Co.

Carlyle Secured Lending (NASDAQ:CGBD) was downgraded by research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research note issued on Monday, Marketbeat reports. They presently have a $17.00 price target on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 2.91% from the stock’s current price.

Separately, Wells Fargo & Company raised their price target on 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 Price Performance

Carlyle Secured Lending stock opened at $17.51 on Monday. Carlyle Secured Lending has a one year low of $13.31 and a one year high of $18.74. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.45 and a current ratio of 1.45. The business has a fifty day moving average of $17.95 and a two-hundred day moving average of $16.84. The company has a market cap of $889.33 million, a P/E ratio of 10.24 and a beta of 1.60.

Carlyle Secured Lending (NASDAQ:CGBD) last released 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 return on equity of 12.92% and a net margin of 38.15%. The company had revenue of $44.14 million during the quarter, compared to the consensus estimate of $42.86 million. As a group, analysts predict that Carlyle Secured Lending will post 2.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Carlyle Secured Lending

A number of institutional investors have recently modified their holdings of CGBD. Cape Investment Advisory Inc. acquired a new stake in Carlyle Secured Lending in the 4th quarter worth about $76,000. Tucker Asset Management LLC acquired a new stake in shares of Carlyle Secured Lending in the fourth quarter worth approximately $80,000. Kingsview Wealth Management LLC acquired a new stake in shares of Carlyle Secured Lending in the first quarter worth approximately $171,000. Great Valley Advisor Group Inc. raised its stake in Carlyle Secured Lending by 5.1% during the second quarter. Great Valley Advisor Group Inc. now owns 11,665 shares of the company’s stock worth $207,000 after purchasing an additional 565 shares during the period. Finally, EMC Capital Management raised its position in shares of Carlyle Secured Lending by 126.8% in the 1st quarter. EMC Capital Management now owns 13,021 shares of the company’s stock worth $212,000 after buying an additional 7,280 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.