Kingstone Capital Partners Texas LLC Acquires Shares of 410,472 Carlyle Secured Lending, Inc. $CGBD

Key Points

• Kingstone Capital Partners Texas LLC has acquired 410,472 shares of Carlyle Secured Lending, valued at approximately $5.7 million, representing about 0.81% of the company's total shares.
• Carlyle Secured Lending reported $0.39 earnings per share for the quarter, meeting analysts' expectations, with a net margin of 29.71% and revenue of $67.28 million.
• The company recently announced a quarterly dividend of $0.40 per share, yielding 11.8%, with the ex-dividend date set for September 30th.

Kingstone Capital Partners Texas LLC purchased a new position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 410,472 shares of the company's stock, valued at approximately $5,717,000. Kingstone Capital Partners Texas LLC owned about 0.81% of Carlyle Secured Lending as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Ethos Financial Group LLC purchased a new position in shares of Carlyle Secured Lending during the 1st quarter valued at $2,781,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Carlyle Secured Lending during the fourth quarter valued at about $2,340,000. Doliver Advisors LP purchased a new stake in Carlyle Secured Lending in the second quarter worth about $1,677,000. Ieq Capital LLC bought a new position in shares of Carlyle Secured Lending in the first quarter worth approximately $585,000. Finally, Caxton Associates LLP bought a new position in Carlyle Secured Lending during the first quarter valued at approximately $476,000. 24.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Raymond James Financial initiated coverage on shares of Carlyle Secured Lending in a research report on Thursday, July 17th. They issued a "market perform" rating on the stock. Wells Fargo & Company raised shares of Carlyle Secured Lending from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $13.00 to $15.00 in a research report on Friday, July 25th. Finally, B. Riley reaffirmed a "neutral" rating and issued a $14.50 price objective (up previously from $14.00) on shares of Carlyle Secured Lending in a research report on Monday, August 11th. One 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 stock. According to MarketBeat.com, Carlyle Secured Lending currently has an average rating of "Reduce" and a consensus target price of $15.10.

Carlyle Secured Lending Stock Performance

NASDAQ CGBD traded up $0.01 during mid-day trading on Tuesday, reaching $13.30. 135,130 shares of the stock were exchanged, compared to its average volume of 363,672. 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 company has a market capitalization of $677.77 million, a P/E ratio of 11.10 and a beta of 0.88. Carlyle Secured Lending, Inc. has a 1 year low of $13.12 and a 1 year high of $18.64. The business's 50 day moving average is $13.78 and its 200-day moving average is $14.34.

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

Carlyle Secured Lending Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.0%. Carlyle Secured Lending's dividend payout ratio (DPR) is currently 133.33%.

Insider Transactions at Carlyle Secured Lending

In related news, Director John G. Nestor sold 13,238 shares of Carlyle Secured Lending stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $13.49, for a total value of $178,580.62. Following the completion of the transaction, the director owned 14,593 shares in the company, valued at approximately $196,859.57. The trade was a 47.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Thomas M. Hennigan purchased 7,285 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The stock was purchased at an average price of $13.75 per share, with a total value of $100,168.75. Following the purchase, the chief financial officer directly owned 88,495 shares of the company's stock, valued at $1,216,806.25. The trade was a 8.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.61% of the stock is owned by company insiders.

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.