Legal & General Group Plc purchased a new stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 577,568 shares of the company's stock, valued at approximately $6,090,000. Legal & General Group Plc owned 0.84% of Carlyle Secured Lending as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Allworth Financial LP acquired a new stake in Carlyle Secured Lending during the 2nd quarter worth approximately $27,000. Northwestern Mutual Wealth Management Co. raised 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 last quarter. Burk Holdings LLC acquired a new stake in shares of Carlyle Secured Lending during the second quarter worth $37,000. Kestra Advisory Services LLC purchased a new position in Carlyle Secured Lending in the 4th quarter valued at $47,000. Finally, Tower Research Capital LLC TRC increased its stake in Carlyle Secured Lending by 1,011.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,313 shares of the company's stock valued at $59,000 after buying an additional 3,925 shares during the period. 24.51% of the stock is owned by hedge funds and other institutional investors.
Carlyle Secured Lending Trading Up 0.1%
NASDAQ:CGBD opened at $11.56 on Thursday. Carlyle Secured Lending, Inc. has a 1 year low of $9.94 and a 1 year high of $13.94. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a fifty day moving average price of $10.81 and a two-hundred day moving average price of $11.04. The stock has a market capitalization of $795.44 million, a price-to-earnings ratio of 22.67 and a beta of 0.64.
Carlyle Secured Lending Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 12.1%. The ex-dividend date is Wednesday, September 30th. Carlyle Secured Lending's dividend payout ratio is presently 274.51%.
Wall Street Analysts Forecast Growth
CGBD has been the subject of several recent analyst reports. Wells Fargo & Company reduced their target price on shares of Carlyle Secured Lending from $13.00 to $12.00 and set an "overweight" rating for the company in a research note on Wednesday, May 13th. B. Riley Financial reiterated a "buy" rating on shares of Carlyle Secured Lending in a research note on Tuesday, May 12th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $12.50.
Get Our Latest Analysis on Carlyle Secured Lending
About Carlyle Secured Lending
(
Free Report)
Carlyle Secured Lending, Inc NASDAQ: CGBD is a closed-end, non-diversified business development company that provides customized debt financing solutions to middle-market companies. Chartered under the Investment Company Act of 1940, the company invests primarily in floating-rate senior secured loans, including first-lien, unitranche and one-stop structures. Its objective is to generate current income and capital appreciation through disciplined credit selection and active portfolio management.
The firm focuses on U.S.
See Also
Want to see what other hedge funds are holding CGBD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report).
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