Carlyle Secured Lending (NASDAQ:CGBD) Issues Earnings Results, Misses Estimates By $0.01 EPS

Carlyle Secured Lending (NASDAQ:CGBD) announced its quarterly earnings data on Tuesday. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01), Zacks reports. Carlyle Secured Lending had a net margin of 29.71% and a return on equity of 9.85%.

Carlyle Secured Lending Price Performance

CGBD stock traded down $0.15 during midday trading on Tuesday, reaching $12.47. The company had a trading volume of 946,243 shares, compared to its average volume of 402,324. The company has a market capitalization of $635.47 million, a price-to-earnings ratio of 10.39 and a beta of 0.87. The stock has a 50 day moving average price of $13.00 and a 200-day moving average price of $13.65. Carlyle Secured Lending has a 1-year low of $11.65 and a 1-year high of $18.64. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.73.

Insider Transactions at Carlyle Secured Lending

In related news, Director John G. Nestor sold 13,238 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $13.49, for a total value of $178,580.62. Following the completion of the transaction, the director owned 14,593 shares of the company’s stock, valued at $196,859.57. The trade was a 47.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Thomas M. Hennigan purchased 7,285 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was bought at an average cost of $13.75 per share, with a total value of $100,168.75. Following the purchase, the chief financial officer owned 88,495 shares of the company’s stock, valued at $1,216,806.25. This represents a 8.97% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.61% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its stake in Carlyle Secured Lending by 71.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,630 shares of the company’s stock worth $36,000 after acquiring an additional 1,100 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Carlyle Secured Lending by 1,011.6% during the second quarter. Tower Research Capital LLC TRC now owns 4,313 shares of the company’s stock worth $59,000 after acquiring an additional 3,925 shares in the last quarter. Brevan Howard Capital Management LP acquired a new position in Carlyle Secured Lending during the second quarter worth about $145,000. Quantbot Technologies LP acquired a new position in Carlyle Secured Lending during the second quarter worth about $146,000. Finally, BNP Paribas Financial Markets acquired a new position in Carlyle Secured Lending during the second quarter worth about $173,000. Institutional investors and hedge funds own 24.51% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on CGBD shares. Wells Fargo & Company upgraded shares of Carlyle Secured Lending from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $13.00 to $15.00 in a research note on Friday, July 25th. JPMorgan Chase & Co. raised shares of Carlyle Secured Lending from an “underweight” rating to a “neutral” rating and lowered their target price for the stock from $13.50 to $12.50 in a report on Wednesday, October 1st. B. Riley reissued a “neutral” rating and set a $14.50 price objective (up previously from $14.00) on shares of Carlyle Secured Lending in a report on Monday, August 11th. Finally, Raymond James Financial upgraded shares of Carlyle Secured Lending from a “market perform” rating to an “outperform” rating and set a $15.00 target price on the stock in a research report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $14.83.

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.