Caxton Associates LP Takes Position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Caxton Associates LP purchased a new stake in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 20,213 shares of the company's stock, valued at approximately $362,000.

Several other institutional investors and hedge funds have also bought and sold shares of CGBD. Aquatic Capital Management LLC grew its holdings in Carlyle Secured Lending by 541.8% during the fourth quarter. Aquatic Capital Management LLC now owns 2,567 shares of the company's stock valued at $46,000 after purchasing an additional 2,167 shares during the period. Canton Hathaway LLC bought a new position in shares of Carlyle Secured Lending in the 4th quarter worth $47,000. Lido Advisors LLC increased 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 valued at $210,000 after buying an additional 1,247 shares in the last quarter. EMC Capital Management raised its stake in Carlyle Secured Lending by 56.9% in the 4th quarter. EMC Capital Management now owns 13,021 shares of the company's stock worth $233,000 after acquiring an additional 4,722 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in Carlyle Secured Lending by 30.9% during the third quarter. Jane Street Group LLC now owns 13,775 shares of the company's stock worth $234,000 after acquiring an additional 3,249 shares during the period. Hedge funds and other institutional investors own 24.51% of the company's stock.

Carlyle Secured Lending Trading Up 2.0%

Shares of Carlyle Secured Lending stock traded up $0.28 during trading on Tuesday, hitting $14.28. The stock had a trading volume of 77,300 shares, compared to its average volume of 233,996. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.99. Carlyle Secured Lending, Inc. has a 1 year low of $13.12 and a 1 year high of $18.74. The stock has a 50 day simple moving average of $15.33 and a 200 day simple moving average of $16.82. The company has a market capitalization of $727.67 million, a PE ratio of 7.98 and a beta of 0.93.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.02). The business had revenue of $54.60 million for the quarter, compared to the consensus estimate of $55.50 million. Carlyle Secured Lending had a return on equity of 12.60% and a net margin of 40.69%. On average, research analysts expect that Carlyle Secured Lending, Inc. will post 1.97 EPS for the current fiscal year.

Carlyle Secured Lending Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, June 30th. This represents a $1.60 annualized dividend and a dividend yield of 11.20%. Carlyle Secured Lending's dividend payout ratio is presently 118.52%.

Wall Street Analyst Weigh In

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

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.