BlackRock Inc. Invests $2.92 Million in Carlyle Secured Lending, Inc. $CGBD

Key Points

• BlackRock acquired 276,868 shares of Carlyle Secured Lending in the second quarter, worth approximately $2.92 million and representing a 0.40% stake.
• Carlyle Secured Lending declared a quarterly dividend of $0.35 per share, equating to an annualized $1.40 payout and a 12.0% dividend yield.
• Analysts maintain a mixed outlook: the stock has an average “Hold” rating and a consensus price target of $12.50, while shares recently opened at $11.69.

BlackRock Inc. acquired a new stake in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 276,868 shares of the company's stock, valued at approximately $2,915,000. BlackRock Inc. owned 0.40% of Carlyle Secured Lending as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CGBD. Northwestern Mutual Wealth Management Co. raised its position in 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 valued at $36,000 after purchasing an additional 1,100 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Carlyle Secured Lending during the 4th quarter valued at about $47,000. Tower Research Capital LLC TRC raised its holdings in shares of Carlyle Secured Lending by 1,011.6% during 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 in the last quarter. Beaumont Financial Advisors LLC purchased a new position in shares of Carlyle Secured Lending during the 1st quarter valued at about $110,000. Finally, Brevan Howard Capital Management LP bought a new stake in Carlyle Secured Lending in the 2nd quarter worth approximately $145,000. 24.51% of the stock is currently owned by hedge funds and other institutional investors.

Carlyle Secured Lending Price Performance

Shares of CGBD stock opened at $11.69 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.79 and a current ratio of 0.79. Carlyle Secured Lending, Inc. has a fifty-two week low of $9.94 and a fifty-two week high of $13.90. The firm has a market cap of $804.39 million, a P/E ratio of 22.92 and a beta of 0.64. The business's 50 day moving average price is $10.85 and its 200-day moving average price is $11.04.

Carlyle Secured Lending Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Wednesday, September 30th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date of this dividend is Wednesday, September 30th. Carlyle Secured Lending's payout ratio is currently 274.51%.

Analyst Upgrades and Downgrades

Several research firms have commented on CGBD. B. Riley Financial reissued a "buy" rating on shares of Carlyle Secured Lending in a research note on Tuesday, May 12th. Wells Fargo & Company cut their price objective 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. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Carlyle Secured Lending presently has an average rating of "Hold" and a consensus target price of $12.50.

Carlyle Secured Lending Company Profile

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.

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