Carlyle Secured Lending (NASDAQ:CGBD) Cut to Underperform at Bank of America

Bank of America lowered shares of Carlyle Secured Lending (NASDAQ:CGBD) from a buy rating to an underperform rating in a research note released on Monday morning, Marketbeat.com reports. The brokerage currently has $17.00 price target on the stock.

Several other research analysts have also recently issued reports on CGBD. Wells Fargo & Company increased their price target on Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. increased their price target on Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd.

Carlyle Secured Lending Trading Down 1.2 %

NASDAQ:CGBD opened at $17.32 on Monday. Carlyle Secured Lending has a 1 year low of $14.78 and a 1 year high of $18.74. The stock has a market cap of $881.76 million, a price-to-earnings ratio of 9.68 and a beta of 1.57. The business has a fifty day moving average of $18.05 and a 200-day moving average of $17.34. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.11 and a current ratio of 1.11.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Canton Hathaway LLC bought a new position in Carlyle Secured Lending during the fourth quarter valued at about $47,000. Great Valley Advisor Group Inc. boosted its stake in Carlyle Secured Lending by 12.9% during the third quarter. Great Valley Advisor Group Inc. now owns 13,165 shares of the company’s stock valued at $223,000 after buying an additional 1,500 shares in the last quarter. EMC Capital Management boosted its stake in Carlyle Secured Lending by 56.9% during the fourth quarter. EMC Capital Management now owns 13,021 shares of the company’s stock valued at $233,000 after buying an additional 4,722 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Carlyle Secured Lending by 30.9% during the third quarter. Jane Street Group LLC now owns 13,775 shares of the company’s stock valued at $234,000 after purchasing an additional 3,249 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new stake in shares of Carlyle Secured Lending during the third quarter valued at $235,000. Institutional investors 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.