The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Carlyle Secured Lending Inc shares valued at $63,819 were purchased by Jenkins Mark David on Nov 22 ’24. At $16.79 per share, Jenkins Mark David acquired 3,801 shares. The insider’s holdings grew to 98,320 shares worth approximately $1.43 million following the completion of this transaction.
Also, Jenkins Mark David purchased 35,000 shares, netting a total of over 582,400 in proceeds. Following the buying of shares at $16.64 each, the insider now holds 94,519 shares.
Before that, Jenkins Mark David had added 30,000 shares to its account. In a trade valued at $495,000, the Director bought Carlyle Secured Lending Inc shares for $16.50 each. Upon closing the transaction, the insider’s holdings increased to 30,000 shares, worth approximately $0.87 million.
As published in a research note from BofA Securities on February 10, 2025, Carlyle Secured Lending Inc [CGBD] has been rated down from a Buy to an Underperform and the price target has been revised to $17. Analysts at JP Morgan downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in late July. As of July 28, 2023, B. Riley Securities has initiated its “Neutral” rating for CGBD. Earlier on September 06, 2022, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for CGBD stock which previously was a “an Overweight”.
Analyzing CGBD Stock Performance
During the last five days, there has been a surge of approximately 2.75%. Over the course of the year, Carlyle Secured Lending Inc shares have dropped approximately -18.39%. Shares of the company reached a 52-week high of $18.64 on 01/29/25 and a 52-week low of $13.12 on 04/07/25. A 50-day SMA is recorded $16.62, while a 200-day SMA reached $17.21.
Support And Resistance Levels for Carlyle Secured Lending Inc (CGBD)
According to the 24-hour chart, there is a support level at 14.36, which, if violated, would cause prices to drop to 14.13. In the upper region, resistance lies at 14.76. The next price resistance is at 14.93. RSI (Relative Strength Index) is 38.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.44, which suggests the price will decrease in the coming days. Percent R is at 57.64%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
