Comerica Bank Purchases 79,227 Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Comerica Bank lifted its holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) by 859.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 88,445 shares of the company's stock after buying an additional 79,227 shares during the period. Comerica Bank owned approximately 0.17% of Carlyle Secured Lending worth $1,586,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lido Advisors LLC raised its stake 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 worth $210,000 after purchasing an additional 1,247 shares during the period. Aquatic Capital Management LLC increased its stake in shares of Carlyle Secured Lending by 541.8% during the 4th quarter. Aquatic Capital Management LLC now owns 2,567 shares of the company's stock worth $46,000 after purchasing an additional 2,167 shares during the last quarter. Virtus ETF Advisers LLC increased its stake 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 worth $856,000 after purchasing an additional 8,828 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Carlyle Secured Lending by 35.1% during the 4th quarter. Stifel Financial Corp now owns 40,909 shares of the company's stock worth $733,000 after acquiring an additional 10,635 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of Carlyle Secured Lending during the 4th quarter worth $332,000. Hedge funds and other institutional investors own 24.51% of the company's stock.

Carlyle Secured Lending Price Performance

CGBD traded up $0.18 on Friday, reaching $14.27. The company had a trading volume of 63,771 shares, compared to its average volume of 235,703. The business has a 50 day simple moving average of $15.15 and a 200 day simple moving average of $16.76. The company has a market cap of $727.16 million, a price-to-earnings ratio of 7.97 and a beta of 0.93. 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 52-week low of $13.12 and a 52-week high of $18.74.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last issued its 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). The firm had revenue of $54.60 million during the quarter, compared to analysts' expectations of $55.50 million. Carlyle Secured Lending had a return on equity of 12.60% and a net margin of 40.69%. As a group, sell-side analysts anticipate that Carlyle Secured Lending, Inc. will post 1.97 EPS for the current year.

Carlyle Secured Lending Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.60 dividend on an annualized basis and a yield of 11.21%. Carlyle Secured Lending's dividend payout ratio (DPR) is currently 118.52%.

Analyst Upgrades and Downgrades

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

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.