Carlyle Secured Lending (NASDAQ:CGBD) Sets New 52-Week Low – Time to Sell?

Carlyle Secured Lending, Inc. (NASDAQ:CGBD)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $11.55 and last traded at $11.6060, with a volume of 201751 shares trading hands. The stock had previously closed at $11.79.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CGBD. B. Riley Financial cut their target price on Carlyle Secured Lending from $14.50 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. Citizens Jmp assumed coverage on Carlyle Secured Lending in a research note on Monday, December 8th. They issued a “market perform” rating on the stock. Wall Street Zen raised Carlyle Secured Lending from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Wells Fargo & Company dropped their price target on shares of Carlyle Secured Lending from $15.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Finally, JPMorgan Chase & Co. cut their price target on shares of Carlyle Secured Lending from $12.50 to $12.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $13.80.

Carlyle Secured Lending Price Performance

The stock has a market capitalization of $592.41 million, a PE ratio of 9.83 and a beta of 0.70. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.10. The stock’s 50-day moving average is $12.48 and its 200 day moving average is $12.78.

Hedge Funds Weigh In On Carlyle Secured Lending

A number of hedge funds have recently modified their holdings of CGBD. Rossby Financial LCC acquired a new stake in Carlyle Secured Lending during the third quarter valued at $25,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Carlyle Secured Lending by 71.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,630 shares of the company’s stock worth $36,000 after purchasing an additional 1,100 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Carlyle Secured Lending during the 3rd quarter valued at about $37,000. Kestra Advisory Services LLC bought a new stake in shares of Carlyle Secured Lending in the 4th quarter valued at approximately $47,000. Finally, Tower Research Capital LLC TRC increased its holdings in Carlyle Secured Lending by 1,011.6% in the second quarter. Tower Research Capital LLC TRC now owns 4,313 shares of the company’s stock worth $59,000 after buying an additional 3,925 shares during the last quarter. 24.51% of the stock is owned by institutional investors and hedge funds.

Carlyle Secured Lending Company Profile

Carlyle Secured Lending, Inc (NASDAQ: CGBD) is a closed-end, non-diversified business development company that provides customized debt financing solutions to middle-market companies. Chartered under the Investment Company Act of 1940, the company invests primarily in floating-rate senior secured loans, including first-lien, unitranche and one-stop structures. Its objective is to generate current income and capital appreciation through disciplined credit selection and active portfolio management.

The firm focuses on U.S.