AdvisorNet Financial Inc Grows Stock Position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

AdvisorNet Financial Inc raised its stake in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) by 81,343.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,062 shares of the company's stock after purchasing an additional 26,030 shares during the quarter. AdvisorNet Financial Inc owned 0.05% of Carlyle Secured Lending worth $422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of CGBD. Invesco Ltd. increased its stake in shares of Carlyle Secured Lending by 1,449.1% in the fourth quarter. Invesco Ltd. now owns 659,564 shares of the company's stock worth $11,826,000 after buying an additional 616,988 shares during the period. Hager Investment Management Services LLC purchased a new position in Carlyle Secured Lending during the 4th quarter valued at $4,093,000. Raymond James Financial Inc. purchased a new position in Carlyle Secured Lending during the 4th quarter valued at $3,223,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Carlyle Secured Lending during the 4th quarter valued at $2,340,000. Finally, Comerica Bank increased its position in Carlyle Secured Lending by 859.5% during the 4th quarter. Comerica Bank now owns 88,445 shares of the company's stock valued at $1,586,000 after purchasing an additional 79,227 shares during the period. 24.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on CGBD shares. JPMorgan Chase & Co. reduced their price objective on shares of Carlyle Secured Lending from $17.00 to $14.00 and set an "underweight" rating on the stock in a research report on Thursday, April 24th. Wells Fargo & Company dropped their target price on shares of 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 cut shares of Carlyle Secured Lending from a "buy" rating to an "underperform" rating and set a $17.00 target price on the stock. in a report on Monday, February 10th. Finally, Oppenheimer dropped their target price on shares of Carlyle Secured Lending from $17.00 to $15.00 and set a "market perform" rating on the stock in a report on Thursday, May 8th.

Carlyle Secured Lending Price Performance

Carlyle Secured Lending stock remained flat at $13.90 during mid-day trading on Thursday. 371,796 shares of the company were exchanged, compared to its average volume of 242,517. The firm has a market cap of $708.30 million, a P/E ratio of 7.77 and a beta of 0.93. The company's 50 day moving average price is $14.31 and its 200-day moving average price is $16.49. Carlyle Secured Lending, Inc. has a 52 week low of $13.12 and a 52 week high of $18.74. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.11 and a quick ratio of 1.11.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last posted 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 company had revenue of $54.60 million for the quarter, compared to the consensus estimate of $55.50 million. Carlyle Secured Lending had a net margin of 40.69% and a return on equity of 12.60%. On average, equities research analysts anticipate that Carlyle Secured Lending, Inc. will post 1.97 earnings per share for the current fiscal year.

Carlyle Secured Lending Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 11.51%. The ex-dividend date is Monday, June 30th. Carlyle Secured Lending's payout ratio is currently 118.52%.

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.