Carlyle Secured Loans (NASDAQ: CGBD – Get Note) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released Thursday, Zacks.com reports. The brokerage currently has a price target of $17.00 on the stock. Zacks Investment Research’s price target points to a potential upside of 14.94% from the stock’s previous close.
According to Zacks, “TCG BDC, Inc. is an externally managed specialty finance company. She focused on providing flexible financing solutions to middle market companies primarily located in the United States. TCG BDC, Inc. is based in New York, USA. “
CGBD stock opened at $14.79 on Thursday. Carlyle Secured Lending has a twelve month minimum of $12.76 and a twelve month maximum of $14.96. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt ratio of 1.16. The stock’s 50-day moving average is $14.43 and its 200-day moving average is $14.12. The company has a market capitalization of $781.53 million, a PE ratio of 5.62 and a beta of 1.76.
Carlyle Secured Lending (NASDAQ:CGBD – Get Rating) last released its quarterly results on Tuesday, February 22. The company reported EPS of $0.40 for the quarter, meeting analyst consensus estimates of $0.40. The company posted revenue of $36.69 million for the quarter, versus analyst estimates of $36.38 million. Carlyle Secured Lending had a return on equity of 10.41% and a net margin of 87.20%. On average, equity research analysts expect Carlyle Secured Lending to post 1.61 earnings per share for the current fiscal year.
Separately, Chief Financial Officer Thomas M. Hennigan acquired 3,260 shares of the company in a transaction dated Friday, February 25. The shares were purchased at an average cost of $14.04 per share, for a total transaction of $45,770.40. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.50% of the shares are held by insiders.
Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Future Financial Wealth Management LLC bought a new position in Carlyle Secured Lending during Q4, valued at around $55,000. Wells Fargo & Company MN increased its holdings of Carlyle Secured Lending stock by 52.6% during the 4th quarter. Wells Fargo & Company MN now owns 7,590 shares of the company worth $104,000 after acquiring 2,617 additional shares during the period. SC Financial Services Inc. purchased a new stock position in Carlyle Secured Lending during Q4 for a value of approximately $143,000. First Republic Investment Management Inc. purchased a new stock position in Carlyle Secured Lending during Q3 for a value of approximately $149,000. Finally, Welch & Forbes LLC purchased a new stock position in Carlyle Secured Lending during Q1 worth approximately $174,000. 23.19% of the shares are held by institutional investors.
Carlyle Secured Loans Company Profile (Get a rating)
TCG BDC, Inc is a business development company specializing in senior loans, senior secured loans, second unsecured loans, mezzanine loans and equity investments. It specializes in direct investment. It specializes in the middle market. It targets healthcare and pharmaceuticals, aerospace and defense, high-tech industries, business services, software, food beverages and tobacco, hospitality and leisure, banking, insurance and the real estate sector.
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