Comerica Bank Increases Holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Comerica Bank grew its position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) by 859.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 88,445 shares of the company's stock after purchasing an additional 79,227 shares during the quarter. Comerica Bank owned about 0.17% of Carlyle Secured Lending worth $1,586,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Novare Capital Management LLC boosted its position in Carlyle Secured Lending by 0.5% during the fourth quarter. Novare Capital Management LLC now owns 178,705 shares of the company's stock valued at $3,204,000 after acquiring an additional 900 shares during the last quarter. Lido Advisors LLC boosted its position in shares of Carlyle Secured Lending by 12.3% during the 4th quarter. Lido Advisors LLC now owns 11,416 shares of the company's stock valued at $210,000 after purchasing an additional 1,247 shares in the last quarter. HighTower Advisors LLC grew its stake in Carlyle Secured Lending by 1.9% during the fourth quarter. HighTower Advisors LLC now owns 75,065 shares of the company's stock worth $1,346,000 after purchasing an additional 1,373 shares during the period. Global Retirement Partners LLC increased its holdings in Carlyle Secured Lending by 3.5% in the fourth quarter. Global Retirement Partners LLC now owns 50,093 shares of the company's stock worth $898,000 after purchasing an additional 1,679 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. lifted its stake in Carlyle Secured Lending by 5.7% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 39,403 shares of the company's stock valued at $706,000 after buying an additional 2,139 shares during the period. Institutional investors and hedge funds own 24.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CGBD. Bank of America cut 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. Wells Fargo & Company decreased their target price on Carlyle Secured Lending from $14.00 to $13.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. JPMorgan Chase & Co. lowered their target price on Carlyle Secured Lending from $17.00 to $14.00 and set an "underweight" rating on the stock in a research report on Thursday, April 24th. Finally, Oppenheimer cut their target price on Carlyle Secured Lending from $17.00 to $15.00 and set a "market perform" rating on the stock in a report on Thursday, May 8th.

Carlyle Secured Lending Stock Down 2.0%

Shares of NASDAQ:CGBD traded down $0.29 during mid-day trading on Wednesday, hitting $13.89. 530,440 shares of the company traded hands, compared to its average volume of 236,449. The stock has a market cap of $707.79 million, a P/E ratio of 7.76 and a beta of 0.93. The stock has a 50-day moving average price of $15.28 and a two-hundred day moving average price of $16.80. Carlyle Secured Lending, Inc. has a 12-month low of $13.12 and a 12-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.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last issued 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 return on equity of 12.60% and a net margin of 40.69%. The company had revenue of $54.60 million for the quarter, compared to analysts' expectations of $55.50 million. On average, equities research analysts forecast that Carlyle Secured Lending, Inc. will post 1.97 earnings per share for the current year.

Carlyle Secured Lending Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be paid a $0.40 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.60 annualized dividend and a dividend yield of 11.52%. Carlyle Secured Lending's payout ratio is 118.52%.

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.