Carlyle Secured Lending (NASDAQ:CGBD) Sets New 52-Week Low - Time to Sell?

Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $12.82 and last traded at $12.96, with a volume of 684265 shares. The stock had previously closed at $13.03.

Wall Street Analysts Forecast Growth

CGBD has been the topic of several research reports. B. Riley reaffirmed a "neutral" rating and issued a $14.50 target price (up from $14.00) on shares of Carlyle Secured Lending in a research report on Monday, August 11th. Raymond James Financial started coverage on Carlyle Secured Lending in a research report on Thursday, July 17th. They issued a "market perform" rating on the stock. Finally, Wells Fargo & Company raised Carlyle Secured Lending from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $13.00 to $15.00 in a report on Friday, July 25th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Carlyle Secured Lending currently has an average rating of "Reduce" and a consensus price target of $15.10.

Carlyle Secured Lending Price Performance

The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market cap of $660.44 million, a P/E ratio of 10.80 and a beta of 0.88. The company has a 50-day moving average of $13.69 and a 200 day moving average of $14.21.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. Carlyle Secured Lending had a return on equity of 9.85% and a net margin of 29.71%.The firm had revenue of $67.28 million during the quarter, compared to the consensus estimate of $67.53 million. On average, sell-side analysts anticipate that Carlyle Secured Lending, Inc. will post 1.97 EPS for the current year.

Carlyle Secured Lending Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th will be given a $0.40 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.60 annualized dividend and a yield of 12.3%. Carlyle Secured Lending's payout ratio is presently 133.33%.

Insiders Place Their Bets

In other news, CFO Thomas M. Hennigan bought 7,285 shares of the company's stock in a transaction dated Wednesday, August 20th. The stock was bought at an average price of $13.75 per share, for a total transaction of $100,168.75. Following the completion of the transaction, the chief financial officer directly owned 88,495 shares in the company, valued at $1,216,806.25. The trade was a 8.97% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John G. Nestor sold 13,238 shares of the business's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $13.49, for a total value of $178,580.62. Following the sale, the director owned 14,593 shares of the company's stock, valued at approximately $196,859.57. The trade was a 47.57% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.61% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its stake in shares of Carlyle Secured Lending by 71.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,630 shares of the company's stock worth $36,000 after purchasing an additional 1,100 shares during the period. Sunbelt Securities Inc. increased its stake in shares of Carlyle Secured Lending by 17.1% during the first quarter. Sunbelt Securities Inc. now owns 10,297 shares of the company's stock worth $167,000 after purchasing an additional 1,500 shares during the period. Quarry LP bought a new position in shares of Carlyle Secured Lending during the first quarter worth approximately $32,000. Triumph Capital Management increased its stake in shares of Carlyle Secured Lending by 5.1% during the first quarter. Triumph Capital Management now owns 41,631 shares of the company's stock worth $674,000 after purchasing an additional 2,038 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its stake in shares of Carlyle Secured Lending by 4.6% during the second quarter. CANADA LIFE ASSURANCE Co now owns 45,932 shares of the company's stock worth $629,000 after purchasing an additional 2,040 shares during the period. 24.51% of the stock is owned by institutional investors and hedge funds.

Carlyle Secured Lending Company 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.

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