Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Short Interest Up 9.9% in January

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) saw a large growth in short interest in January. As of January 31st, there was short interest totalling 542,600 shares, a growth of 9.9% from the January 15th total of 493,600 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average daily volume of 212,700 shares, the days-to-cover ratio is currently 2.6 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CGBD shares. Bank of America cut shares of Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 price objective on the stock. in a research report on Monday, February 10th. JPMorgan Chase & Co. raised their price target on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company raised their price target 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 Wednesday, January 29th.

Institutional Trading of Carlyle Secured Lending

Several hedge funds have recently added to or reduced their stakes in the business. Talon Private Wealth LLC bought a new stake in Carlyle Secured Lending in the fourth quarter worth $710,000. Comerica Bank lifted its stake in Carlyle Secured Lending by 859.5% in the fourth quarter. Comerica Bank now owns 88,445 shares of the company’s stock worth $1,586,000 after purchasing an additional 79,227 shares during the last quarter. Lido Advisors LLC increased its position in shares of Carlyle Secured Lending by 12.3% in the fourth quarter. Lido Advisors LLC now owns 11,416 shares of the company’s stock valued at $210,000 after acquiring an additional 1,247 shares during the period. Aquatic Capital Management LLC increased its position in shares of Carlyle Secured Lending by 541.8% in the fourth quarter. Aquatic Capital Management LLC now owns 2,567 shares of the company’s stock valued at $46,000 after acquiring an additional 2,167 shares during the period. Finally, Virtus ETF Advisers LLC increased its position in shares of Carlyle Secured Lending by 22.7% in the fourth quarter. Virtus ETF Advisers LLC now owns 47,761 shares of the company’s stock valued at $856,000 after acquiring an additional 8,828 shares during the period. 24.51% of the stock is owned by institutional investors.

Carlyle Secured Lending Stock Performance

Carlyle Secured Lending stock traded up $0.22 during mid-day trading on Friday, reaching $17.68. The company’s stock had a trading volume of 228,384 shares, compared to its average volume of 168,867. Carlyle Secured Lending has a 12-month low of $14.92 and a 12-month high of $18.74. The company has a market capitalization of $900.09 million, a P/E ratio of 9.88 and a beta of 1.57. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.11 and a current ratio of 1.11. The firm’s fifty day moving average price is $18.05 and its two-hundred day moving average price is $17.34.

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.