Carlyle Secured Lending Inc.’s filing revealed that its VP and Head of Illiquid Credit Popov Alexander acquired Company’s shares for reported $73900.0 on Aug 30. In the deal valued at $14.78 per share,5,000 shares were bought. As a result of this transaction, Popov Alexander now holds 32,977 shares worth roughly $ 0.49 million.
Then, LeeKong Aren C. bought 3,394 shares, generating $50,028 in total proceeds. Upon buying the shares at $14.74, the CEO and President now owns 25,156 shares.
Before that, LeeKong Aren C. bought 6 shares. Carlyle Secured Lending Inc. shares valued at $85 were divested by the CEO and President at a price of $14.19 per share. As a result of the transaction, LeeKong Aren C. now holds 21,762 shares, worth roughly $0.33 million.
B. Riley Securities initiated its Carlyle Secured Lending Inc. [CGBD] rating to a Neutral in a research note published on Friday, July 28, 2023; the price target was $16. PT values the company’s stock at a premium of 6.37 to its Friday closing price.
Price Performance Review of CGBD
On Friday, Carlyle Secured Lending Inc. [NASDAQ:CGBD] saw its stock jump 0.47% to $14.98. On the same session, the stock had its day’s lowest price of $14.92, but rose to a high of $15.10. Over the last five days, the stock has gained 1.84%. Carlyle Secured Lending Inc. shares have risen nearly 5.71% since the year began. Nevertheless, the stocks have risen 6.22% over the past one year. While a 52-week high of $15.85 was reached on 02/28/23, a 52-week low of $11.06 was recorded on 04/10/23. SMA at 50 days reached $15.03, while 200 days put it at $14.47.
Levels Of Support And Resistance For CGBD Stock
The 24-hour chart illustrates a support level at 14.90, which if violated will result in even more drops to 14.82. On the upside, there is a resistance level at 15.08. A further resistance level may holdings at 15.18. The Relative Strength Index (RSI) on the 14-day chart is 50.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.81%. Stochastics %K at 60.38% 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 Aug 14, 2023, dropping by 86880.0 shares to a total of 0.37 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.46 million shares. There was a decline of -23.55%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.73% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.65.
According to FactSet, Carlyle Secured Lending Inc.’s share price will average $15.33 in the next year, based on opinions of analysts polled by the firm. This is up nearly 7.31 percent from its previous closing price of $14.91. Analysts expect Carlyle Secured Lending Inc. stock to reach the higher price of $16.00, while the lowest price estimate is $13.50. However, 6 analysts have rated CGBD stock as an Overweight in their predictions for 2023.