Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Short Interest Down 29.7% in January

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 789,763 shares, a decline of 29.7% from the December 31st total of 1,122,996 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average daily volume of 427,801 shares, the short-interest ratio is presently 1.8 days. Based on an average daily volume of 427,801 shares, the short-interest ratio is presently 1.8 days. Currently, 1.6% of the shares of the company are sold short.

Insider Activity at Carlyle Secured Lending

In other Carlyle Secured Lending news, Director John G. Nestor sold 7,085 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $11.87, for a total value of $84,098.95. Following the transaction, the director owned 7,508 shares in the company, valued at approximately $89,119.96. This represents a 48.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Carlyle Secured Lending

Large investors have recently bought and sold shares of the business. Cascade Financial Partners LLC acquired a new stake in shares of Carlyle Secured Lending in the 2nd quarter worth about $600,000. Legal & General Group Plc lifted its stake in Carlyle Secured Lending by 38.4% in the 2nd quarter. Legal & General Group Plc now owns 459,870 shares of the company’s stock valued at $6,291,000 after purchasing an additional 127,681 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Carlyle Secured Lending by 58.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 418,493 shares of the company’s stock worth $5,231,000 after purchasing an additional 154,355 shares during the period. Prime Capital Investment Advisors LLC bought a new position in Carlyle Secured Lending in the 2nd quarter worth approximately $30,158,000. Finally, Cliffwater LLC purchased a new position in shares of Carlyle Secured Lending in the second quarter valued at about $7,505,000. Institutional investors and hedge funds own 24.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CGBD. Citizens Jmp began coverage on Carlyle Secured Lending in a report on Monday, December 8th. They set a “market perform” rating for the company. Wells Fargo & Company reduced their price target on shares of Carlyle Secured Lending from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Citigroup began coverage on shares of Carlyle Secured Lending in a research report on Monday, December 8th. They set a “market perform” rating for the company. Raymond James Financial upgraded shares of Carlyle Secured Lending from a “market perform” rating to an “outperform” rating and set a $15.00 price objective for the company in a research note on Tuesday, October 7th. Finally, Wall Street Zen upgraded shares of Carlyle Secured Lending from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $14.33.

Carlyle Secured Lending Trading Down 0.6%

CGBD traded down $0.08 during mid-day trading on Friday, hitting $12.25. 379,795 shares of the stock were exchanged, compared to its average volume of 385,666. Carlyle Secured Lending has a 1-year low of $11.55 and a 1-year high of $18.62. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.10. The firm’s fifty day moving average is $12.67 and its two-hundred day moving average is $12.95. The company has a market cap of $624.26 million, a PE ratio of 10.38 and a beta of 0.70.

Carlyle Secured Lending (NASDAQ:CGBD) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). The company had revenue of $66.51 million during the quarter, compared to the consensus estimate of $69.61 million. Carlyle Secured Lending had a net margin of 30.18% and a return on equity of 9.24%. Equities analysts forecast that Carlyle Secured Lending will post 1.97 earnings per share for the current fiscal year.

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.