Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
After finishing at $14.24 in the prior trading day, Carlyle Secured Lending Inc (NASDAQ: CGBD) closed at $13.64, down -4.21%. In other words, the price has decreased by -$4.21 from its previous closing price. On the day, 0.91 million shares were traded.
Ratios:
Our goal is to gain a better understanding of CGBD by taking a closer look at its different ratios.
On July 29, 2024, JP Morgan Downgraded its rating to Underweight which previously was Neutral but kept the price unchanged to $17.
On July 28, 2023, B. Riley Securities started tracking the stock assigning a Neutral rating and target price of $16.B. Riley Securities initiated its Neutral rating on July 28, 2023, with a $16 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 22 ’24 when Jenkins Mark David bought 3,801 shares for $16.79 per share. The transaction valued at 63,819 led to the insider holds 98,320 shares of the business.
Jenkins Mark David bought 35,000 shares of CGBD for $582,400 on Nov 12 ’24. The Director now owns 94,519 shares after completing the transaction at $16.64 per share. On Nov 11 ’24, another insider, Jenkins Mark David, who serves as the Director of the company, bought 30,000 shares for $16.50 each. As a result, the insider paid 495,000 and bolstered with 59,519 shares of the company.
Valuation Measures:
As of this moment, Carlyle’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.63, and their Forward P/E ratio for the next fiscal year is 7.85. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.28 while its Price-to-Book (P/B) ratio in mrq is 0.81.
Stock Price History:
Over the past 52 weeks, CGBD has reached a high of $18.61, while it has fallen to a 52-week low of $13.12. The 50-Day Moving Average of the stock is -13.33%, while the 200-Day Moving Average is calculated to be -19.34%.
Shares Statistics:
A total of 72.90M shares are outstanding, with a floating share count of 72.40M. Insiders hold about 0.56% of the company’s shares, while institutions hold 18.86% stake in the company.
