Bank of America Securities Keeps Their Sell Rating on Carlyle Secured Lending Inc (CGBD)

In a report released today, Derek Hewett from Bank of America Securities reiterated a Sell rating on Carlyle Secured Lending Inc, with a price target of $11.00.

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According to TipRanks, Hewett is a 3-star analyst with an average return of 3.5% and a 51.76% success rate. Hewett covers the Financial sector, focusing on stocks such as Golub Capital Bdc, New Mountain Finance, and Sixth Street Specialty Lending.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Carlyle Secured Lending Inc with a $12.33 average price target.

Based on Carlyle Secured Lending Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $74.63 million and a net profit of $17.39 million. In comparison, last year the company earned a revenue of $40.76 million and had a net profit of $21.36 million

Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CGBD in relation to earlier this year. Earlier this month, Thomas M Hennigan, the CFO and President of CGBD bought 4,430.00 shares for a total of $49,881.80.