Aptus Capital Advisors LLC Acquires New Shares in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Aptus Capital Advisors LLC bought a new position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 21,291 shares of the company's stock, valued at approximately $391,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Triumph Capital Management raised its stake in shares of Carlyle Secured Lending by 10.3% during the 4th quarter. Triumph Capital Management now owns 39,593 shares of the company's stock worth $710,000 after buying an additional 3,705 shares in the last quarter. Comerica Bank boosted its holdings in Carlyle Secured Lending by 859.5% during the fourth quarter. Comerica Bank now owns 88,445 shares of the company's stock worth $1,586,000 after buying an additional 79,227 shares in the last quarter. Lido Advisors LLC grew its position in Carlyle Secured Lending by 12.3% during the fourth quarter. Lido Advisors LLC now owns 11,416 shares of the company's stock worth $210,000 after buying an additional 1,247 shares during the period. Aquatic Capital Management LLC increased its holdings in Carlyle Secured Lending by 541.8% in the fourth quarter. Aquatic Capital Management LLC now owns 2,567 shares of the company's stock valued at $46,000 after buying an additional 2,167 shares in the last quarter. Finally, Virtus ETF Advisers LLC lifted its position in shares of Carlyle Secured Lending by 22.7% during the 4th quarter. Virtus ETF Advisers LLC now owns 47,761 shares of the company's stock valued at $856,000 after acquiring an additional 8,828 shares during the period. Hedge funds and other institutional investors own 24.51% of the company's stock.

Wall Street Analysts Forecast Growth

CGBD has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their target price on shares of Carlyle Secured Lending from $17.00 to $14.00 and set an "underweight" rating for the company in a report on Thursday, April 24th. Oppenheimer cut their price objective on Carlyle Secured Lending from $17.00 to $15.00 and set a "market perform" rating for the company in a research report on Thursday, May 8th. Wells Fargo & Company lowered their target price on Carlyle Secured Lending from $14.00 to $13.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Finally, Bank of America cut Carlyle Secured Lending from a "buy" rating to an "underperform" rating and set a $17.00 price target for the company. in a report on Monday, February 10th.

Carlyle Secured Lending Stock Down 1.8%

CGBD stock traded down $0.26 during mid-day trading on Wednesday, hitting $13.92. 221,251 shares of the company were exchanged, compared to its average volume of 235,260. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $709.32 million, a PE ratio of 7.78 and a beta of 0.93. Carlyle Secured Lending, Inc. has a twelve month low of $13.12 and a twelve month high of $18.74. The firm has a fifty day simple moving average of $15.28 and a 200 day simple moving average of $16.80.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.02). Carlyle Secured Lending had a net margin of 40.69% and a return on equity of 12.60%. The business had revenue of $54.60 million during the quarter, compared to analyst estimates of $55.50 million. On average, research analysts forecast that Carlyle Secured Lending, Inc. will post 1.97 earnings per share for the current fiscal year.

Carlyle Secured Lending Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, June 30th. This represents a $1.60 annualized dividend and a dividend yield of 11.49%. Carlyle Secured Lending's dividend payout ratio is presently 118.52%.

About Carlyle Secured Lending

Carlyle Secured Lending, Inc is business development company specializing in first lien debt, senior secured loans, second lien senior secured loan unsecured debt, mezzanine debt and investments in equities. It specializes in directly investing. It specializes in middle market. It targets healthcare and pharmaceutical, aerospace and defense, high tech industries, business services, software, beverage food and tobacco, hotel gamming and leisure, banking finance insurance and in real estate sector.