AdvisorNet Financial Inc Acquires 26,030 Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

AdvisorNet Financial Inc raised its stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) by 81,343.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 about 0.05% of Carlyle Secured Lending worth $422,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CGBD. Aquatic Capital Management LLC increased its stake in Carlyle Secured Lending by 541.8% during the 4th quarter. Aquatic Capital Management LLC now owns 2,567 shares of the company's stock worth $46,000 after buying an additional 2,167 shares during the period. Canton Hathaway LLC acquired a new stake in Carlyle Secured Lending during the fourth quarter worth about $47,000. Lido Advisors LLC grew its position in Carlyle Secured Lending by 12.3% in the 4th quarter. Lido Advisors LLC now owns 11,416 shares of the company's stock worth $210,000 after purchasing an additional 1,247 shares during the last quarter. XTX Topco Ltd bought a new position in Carlyle Secured Lending in the 4th quarter worth about $332,000. Finally, Round Rock Advisors LLC bought a new position in Carlyle Secured Lending in the 4th quarter worth about $333,000. Institutional investors and hedge funds own 24.51% of the company's stock.

Carlyle Secured Lending Stock Performance

Shares of CGBD stock traded down $0.11 on Thursday, hitting $13.79. The company's stock had a trading volume of 54,739 shares, compared to its average volume of 241,186. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.11 and a current ratio of 1.11. The stock's 50 day moving average is $14.35 and its 200-day moving average is $16.51. Carlyle Secured Lending, Inc. has a fifty-two week low of $13.12 and a fifty-two week high of $18.74. The company has a market capitalization of $702.80 million, a PE ratio of 7.71 and a beta of 0.93.

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

Carlyle Secured Lending Announces Dividend

The firm also recently announced 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.60%. The ex-dividend date of this dividend is Monday, June 30th. Carlyle Secured Lending's payout ratio is 118.52%.

Wall Street Analysts Forecast Growth

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

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.