Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S reduced its holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) by 94.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,339 shares of the company's stock after selling 43,225 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Carlyle Secured Lending were worth $42,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CGBD. Canton Hathaway LLC acquired a new position in shares of Carlyle Secured Lending during the 4th quarter worth approximately $47,000. EMC Capital Management lifted its holdings in Carlyle Secured Lending by 56.9% during the fourth quarter. EMC Capital Management now owns 13,021 shares of the company's stock valued at $233,000 after purchasing an additional 4,722 shares in the last quarter. Jane Street Group LLC grew its position in shares of Carlyle Secured Lending by 30.9% in the third quarter. Jane Street Group LLC now owns 13,775 shares of the company's stock valued at $234,000 after purchasing an additional 3,249 shares during the period. XTX Topco Ltd purchased a new stake in shares of Carlyle Secured Lending during the fourth quarter worth about $332,000. Finally, Round Rock Advisors LLC acquired a new position in shares of Carlyle Secured Lending during the 4th quarter worth about $333,000. Institutional investors and hedge funds own 24.51% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wells Fargo & Company reduced their price objective on Carlyle Secured Lending from $17.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday. Bank of America lowered Carlyle Secured Lending from a "buy" rating to an "underperform" rating and set a $17.00 price objective on the stock. in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. reduced their price target 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.

Carlyle Secured Lending Stock Down 1.9 %

Shares of CGBD traded down $0.28 during mid-day trading on Thursday, hitting $14.49. 96,043 shares of the company's stock were exchanged, compared to its average volume of 226,346. The stock's 50-day moving average is $15.89 and its 200-day moving average is $17.02. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.11 and a current ratio of 1.11. Carlyle Secured Lending, Inc. has a fifty-two week low of $13.12 and a fifty-two week high of $18.74. The company has a market cap of $738.32 million, a price-to-earnings ratio of 8.13 and a beta of 1.22.

Carlyle Secured Lending Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 24th were paid a $0.40 dividend. The ex-dividend date was Monday, March 24th. This represents a $1.60 annualized dividend and a dividend yield of 11.04%. Carlyle Secured Lending's dividend payout ratio (DPR) is 98.77%.

Carlyle Secured Lending Profile

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.