Bank of America Corp DE Acquires 44,033 Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Bank of America Corp DE grew its holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,192,606 shares of the company's stock after acquiring an additional 44,033 shares during the quarter. Bank of America Corp DE owned 2.34% of Carlyle Secured Lending worth $21,383,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CGBD. Hager Investment Management Services LLC bought a new stake in Carlyle Secured Lending during the fourth quarter worth about $4,093,000. Raymond James Financial Inc. bought a new position in shares of Carlyle Secured Lending in the fourth quarter worth about $3,223,000. Franklin Resources Inc. bought a new position in shares of Carlyle Secured Lending in the third quarter worth about $585,000. Condor Capital Management lifted its holdings in shares of Carlyle Secured Lending by 8.3% in the fourth quarter. Condor Capital Management now owns 266,836 shares of the company's stock worth $4,784,000 after acquiring an additional 20,344 shares during the last quarter. Finally, Edge Capital Group LLC lifted its holdings in shares of Carlyle Secured Lending by 470.2% in the fourth quarter. Edge Capital Group LLC now owns 64,518 shares of the company's stock worth $1,157,000 after acquiring an additional 53,204 shares during the last quarter. Institutional investors own 24.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CGBD shares. JPMorgan Chase & Co. dropped 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. Bank of America cut shares of Carlyle Secured Lending from a "buy" rating to an "underperform" rating and set a $17.00 target price for the company. in a report on Monday, February 10th. Oppenheimer dropped their target price on shares of Carlyle Secured Lending from $17.00 to $15.00 and set a "market perform" rating for the company in a report on Thursday, May 8th. Finally, Wells Fargo & Company dropped their price objective on shares of Carlyle Secured Lending from $14.00 to $13.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th.

Carlyle Secured Lending Stock Up 1.1%

Shares of NASDAQ CGBD opened at $14.39 on Tuesday. The company has a 50 day simple moving average of $15.05 and a 200 day simple moving average of $16.72. The firm has a market cap of $733.27 million, a PE ratio of 8.04 and a beta of 0.93. Carlyle Secured Lending, Inc. has a 1 year low of $13.12 and a 1 year 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 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). The business had revenue of $54.60 million during 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, research analysts forecast that Carlyle Secured Lending, Inc. will post 1.97 EPS for the current year.

Carlyle Secured Lending Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 11.12%. The ex-dividend date is Monday, June 30th. Carlyle Secured Lending's dividend payout ratio is presently 118.52%.

Carlyle Secured Lending Company 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.

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