Carlyle Secured Loans (NASDAQ: CGBD – Get Note) had its price target raised by Wells Fargo & Company investment analysts from $13.00 to $13.50 in a research note released Thursday, Marketbeat Ratings reports. The company currently has an “equal weight” rating on the stock. Wells Fargo & Company’s price target indicates a potential decline of 7.53% from the company’s current price.
Carlyle Secured Loan Price Performance
NASDAQ:CGBD shares opened at $14.60 on Thursday. The company has a 50-day moving average of $13.33 and a 200-day moving average of $13.94. The stock has a market capitalization of $766.30 million, a PE ratio of 7.37 and a beta of 1.67. The company has a current ratio of 0.99, a quick ratio of 1.77 and a debt ratio of 1.23. Carlyle Secured Lending has a 12 month minimum of $12.14 and a 12 month maximum of $14.96.
Insider activity
In related news, Vice Chairman Jonathan Pearl acquired 1,750 shares in a trade that took place on Monday, May 16. The shares were acquired at an average cost of $14.29 per share, for a total transaction of $25,007.50. Following the transaction, the vice president now directly owns 4,871 shares of the company, valued at $69,606.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. Company insiders own 0.56% of the company’s shares.
Institutional investors weigh in on Carlyle secured loans
A number of institutional investors have recently increased or reduced their stake in the company. DE Shaw & Co. Inc. increased its holdings in Carlyle Secured Lending by 7.4% during the fourth quarter. DE Shaw & Co. Inc. now owns 623,609 shares of the company worth $8,562,000 after acquiring an additional 43,039 shares in the last quarter. LSV Asset Management increased its stake in Carlyle Secured Lending by 2.6% in the 1st quarter. LSV Asset Management now owns 554,500 shares of the company worth $7,979,000 after acquiring an additional 13,900 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in Carlyle Secured Lending by 0.9% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 342,865 shares of the company worth $4,934,000 after acquiring 3,098 additional shares in the last quarter. Neuberger Berman Group LLC increased its stake in Carlyle Secured Lending by 42.1% during the 1st quarter. Neuberger Berman Group LLC now owns 263,917 shares of the company worth $3,798,000 after acquiring an additional 78,206 shares in the last quarter. Finally, Mckinley Capital Management LLC Delaware increased its stake in Carlyle Secured Lending by 0.8% during the second quarter. Mckinley Capital Management LLC Delaware now owns 206,959 shares of the company worth $2,628,000 after acquiring 1,622 additional shares in the last quarter. 23.19% of the shares are held by institutional investors.
About Carlyle Secured Loans
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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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