Aptus Capital Advisors LLC bought a new position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,291 shares of the company's stock, valued at approximately $391,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Novare Capital Management LLC raised its stake in shares of Carlyle Secured Lending by 0.5% during the fourth quarter. Novare Capital Management LLC now owns 178,705 shares of the company's stock worth $3,204,000 after purchasing an additional 900 shares during the last quarter. Lido Advisors LLC raised its position in Carlyle Secured Lending by 12.3% during the 4th 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 last quarter. HighTower Advisors LLC lifted its stake in shares of Carlyle Secured Lending by 1.9% in the 4th quarter. HighTower Advisors LLC now owns 75,065 shares of the company's stock worth $1,346,000 after acquiring an additional 1,373 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of Carlyle Secured Lending by 3.5% in the fourth quarter. Global Retirement Partners LLC now owns 50,093 shares of the company's stock valued at $898,000 after acquiring an additional 1,679 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. increased its stake in shares of Carlyle Secured Lending by 5.7% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 39,403 shares of the company's stock worth $706,000 after acquiring an additional 2,139 shares during the period. Hedge funds and other institutional investors own 24.51% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Carlyle Secured Lending from $17.00 to $14.00 and set an "underweight" rating on the stock in a report on Thursday, April 24th. Oppenheimer dropped their price objective on Carlyle Secured Lending from $17.00 to $15.00 and set a "market perform" rating on the stock in a report on Thursday. Wells Fargo & Company reduced their target price on Carlyle Secured Lending from $14.00 to $13.00 and set an "equal weight" rating for the company in a report on Thursday. Finally, Bank of America downgraded shares of 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.
Get Our Latest Research Report on CGBD
Carlyle Secured Lending Price Performance
Shares of NASDAQ:CGBD traded up $0.12 during midday trading on Friday, hitting $13.67. 381,939 shares of the stock were exchanged, compared to its average volume of 232,894. Carlyle Secured Lending, Inc. has a twelve month low of $13.12 and a twelve month high of $18.74. 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 50 day moving average price of $15.40 and a 200-day moving average price of $16.84. The stock has a market cap of $696.58 million, a P/E ratio of 7.64 and a beta of 0.93.
Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.41 earnings per share (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 analysts' expectations of $55.50 million. On average, research analysts forecast that Carlyle Secured Lending, Inc. will post 1.97 earnings per share for the current year.
Carlyle Secured Lending Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 11.70%. The ex-dividend date is Monday, June 30th. Carlyle Secured Lending's payout ratio is 118.52%.
About Carlyle Secured Lending
(
Free Report)
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.
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