Financial Results and Market Overview
Carlyle Secured Lending (NASDAQ:CGBD) announced its latest quarterly financial results, matching analysts' expectations with earnings of $0.39 per share. The company posted a net profit margin of approximately 32.72% and achieved a return on equity of 10.49%. Currently trading at $13.74, the stock has a market capitalization of around $700 million and a price-to-earnings ratio of 10.18. Despite this, analysts generally recommend a 'Hold' stance with an average target price of $15.25.
Recent Analyst Actions
Recent analyst actions include Oppenheimer lowering their price target from $17.00 to $15.00, while Wells Fargo upgraded the stock from 'Equal Weight' to 'Overweight' with an increased target. MarketBeat highlights the top five stocks to watch by September 1st.
Trading Activity and Stock Performance
On Tuesday, CGBD's shares edged up by $0.03 during midday trading, reaching $13.74 amid a volume of 545,995 shares, above its average of 344,195. The stock's 52-week range spans from a low of $13.12 to a high of $18.64. The company's liquidity ratios stand at 3.55, with a debt-to-equity ratio close to 1.03. I...