Bank of America Corp DE Raises Stock Holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Bank of America Corp DE lifted its position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,192,606 shares of the company's stock after buying an additional 44,033 shares during the period. Bank of America Corp DE owned about 2.34% of Carlyle Secured Lending worth $21,383,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Invesco Ltd. increased its stake in shares of Carlyle Secured Lending by 1,449.1% during the fourth quarter. Invesco Ltd. now owns 659,564 shares of the company's stock valued at $11,826,000 after buying an additional 616,988 shares during the period. Condor Capital Management increased its stake in shares of Carlyle Secured Lending by 8.3% during the fourth quarter. Condor Capital Management now owns 266,836 shares of the company's stock valued at $4,784,000 after buying an additional 20,344 shares during the period. Hager Investment Management Services LLC purchased a new position in shares of Carlyle Secured Lending during the fourth quarter valued at approximately $4,093,000. Raymond James Financial Inc. purchased a new position in shares of Carlyle Secured Lending during the fourth quarter valued at approximately $3,223,000. Finally, Ameriprise Financial Inc. increased its stake in shares of Carlyle Secured Lending by 9.3% during the fourth quarter. Ameriprise Financial Inc. now owns 178,830 shares of the company's stock valued at $3,207,000 after buying an additional 15,143 shares during the period. 24.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on 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 price target on Carlyle Secured Lending from $14.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Oppenheimer dropped their target price on 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. Finally, Bank of America downgraded 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.

Carlyle Secured Lending Stock Performance

Shares of CGBD stock remained flat at $13.81 during mid-day trading on Friday. The stock had a trading volume of 198,229 shares, compared to its average volume of 238,212. The firm has a market capitalization of $703.72 million, a PE ratio of 7.72 and a beta of 0.93. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.11 and a current ratio of 1.11. Carlyle Secured Lending, Inc. has a 52-week low of $13.12 and a 52-week high of $18.74. The company has a 50-day moving average of $14.82 and a 200-day moving average of $16.64.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last posted 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 firm had revenue of $54.60 million for the quarter, compared to analysts' expectations of $55.50 million. Carlyle Secured Lending had a net margin of 40.69% and a return on equity of 12.60%. Equities research analysts predict 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 Thursday, July 17th. Shareholders of record on Monday, June 30th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 11.59%. The ex-dividend date of this dividend is Monday, June 30th. Carlyle Secured Lending's payout ratio is 118.52%.

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.