The Attractiveness of Investing In Carlyle Secured Lending Inc. (CGBD) is Growing


Carlyle Secured Lending Inc.’s recent filing unveils that its Director LeeKong Aren C. acquired Company’s shares for reported $49965.0 on Dec 14. In the deal valued at $14.40 per share,3,470 shares were bought. As a result of this transaction, LeeKong Aren C. now holds 15,940 shares worth roughly $ 0.24 million.

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Then, Hadley Michael bought 1,500 shares, generating $21,274 in total proceeds. Upon buying the shares at $14.18, the VP and Head of Underwriting now owns 5,500 shares.

Before that, LeeKong Aren C. bought 8,900 shares. Carlyle Secured Lending Inc. shares valued at $124,903 were divested by the Director at a price of $14.03 per share. As a result of the transaction, LeeKong Aren C. now holds 12,470 shares, worth roughly $0.19 million.

JP Morgan downgraded its Carlyle Secured Lending Inc. [CGBD] rating to a Neutral from a an Overweight in a research note published on Tuesday. PT values the company’s stock at a premium of -4.07 to its Tuesday closing price. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid December with a ‘”a Perform”‘ rating. Wells Fargo also remained covering CGBD and has increased its forecast on August 06, 2020 with a “an Equal weight” recommendation from previously “an Underweight” rating. Wells Fargo revised its rating on February 11, 2020. It rated CGBD as “an Underweight” which previously was an “an Equal weight”.

Price Performance Review of CGBD

On Tuesday, Carlyle Secured Lending Inc. [NASDAQ:CGBD] saw its stock fall -3.21% to $15.09. On the same session, the stock had its day’s lowest price of $14.80, but rose to a high of $15.89. Over the last five days, the stock has lost -0.98%. Carlyle Secured Lending Inc. shares have risen nearly 5.45% since the year began. Nevertheless, the stocks have risen 9.85% over the past one year. While a 52-week high of $15.87 was reached on 02/28/23, a 52-week low of $11.17 was recorded on 01/03/23. SMA at 50 days reached $14.88, while 200 days put it at $13.81.

Levels Of Support And Resistance For CGBD Stock

The 24-hour chart illustrates a support level at 14.63, which if violated will result in even more drops to 14.17. On the upside, there is a resistance level at 15.72. A further resistance level may holdings at 16.35. The Relative Strength Index (RSI) on the 14-day chart is 48.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.39%. Stochastics %K at 65.15% indicates the stock is a holding.

How much short interest is there in Carlyle Secured Lending Inc.?

A steep rise in short interest was recorded in Carlyle Secured Lending Inc. stocks on Jan 30, 2023, dropping by 99290.0 shares to a total of 0.51 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 0.61 million shares. There was a decline of -19.62%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.99% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.18.

According to FactSet, Carlyle Secured Lending Inc.’s share price will average $14.00 in the next year, based on opinions of analysts polled by the firm. This is down nearly -10.2 percent from its previous closing price of $15.59. Analysts expect Carlyle Secured Lending Inc. stock to reach the higher price of $14.00, while the lowest price estimate is $14.00. However, 1 analyst have rated CGBD stock as a Hold in their predictions for 2023.


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