Carlyle Secured Lending, Inc. $CGBD Stock Sold by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP cut its Carlyle Secured Lending stake by 75.5% in the second quarter, selling 132,399 shares and retaining 42,902 shares worth approximately $452,000.
• Wells Fargo maintained an “equal weight” rating but lowered its price target to $11.00 from $12.00. The stock has a consensus “Hold” rating and a $12.25 target price.
• Carlyle Secured Lending declared a quarterly dividend of $0.35 per share, equivalent to a 13.0% annualized yield, though its dividend payout ratio is elevated at 274.51%.

Corient Private Wealth LP trimmed its stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) by 75.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,902 shares of the company's stock after selling 132,399 shares during the quarter. Corient Private Wealth LP owned approximately 0.06% of Carlyle Secured Lending worth $452,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CGBD. Allworth Financial LP bought a new position in shares of Carlyle Secured Lending during the 2nd quarter worth $27,000. Burk Holdings LLC bought a new position in Carlyle Secured Lending during the second quarter worth about $37,000. Beaumont Financial Advisors LLC purchased a new position in shares of Carlyle Secured Lending in the first quarter worth about $110,000. SCS Capital Management LLC purchased a new position in shares of Carlyle Secured Lending in the second quarter worth about $123,000. Finally, CFO4Life Group LLC bought a new stake in shares of Carlyle Secured Lending in the second quarter valued at approximately $129,000. 24.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $11.00 price objective (down from $12.00) on shares of Carlyle Secured Lending in a report on Tuesday. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $12.25.

Carlyle Secured Lending Price Performance

CGBD stock opened at $10.77 on Friday. The firm has a 50 day moving average of $11.14 and a 200-day moving average of $11.04. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.20. Carlyle Secured Lending, Inc. has a 12 month low of $9.94 and a 12 month high of $13.28. The firm has a market capitalization of $741.08 million, a P/E ratio of 21.12 and a beta of 0.66.

Carlyle Secured Lending Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.40 annualized dividend and a dividend yield of 13.0%. Carlyle Secured Lending's dividend payout ratio (DPR) is 274.51%.

Carlyle Secured Lending Profile

Carlyle Secured Lending, Inc NASDAQ: CGBD is a business development company that provides financing to privately owned, middle-market companies. The company's investment objective is to generate current income and, to a lesser extent, capital appreciation by investing in debt and equity securities.

Carlyle Secured Lending primarily invests in senior secured loans, including first-lien and second-lien loans, as well as subordinated debt and select equity investments. Its portfolio companies operate across a range of industries, and the company generally focuses on established businesses with experienced management teams and significant private equity sponsorship.

The company invests primarily in the United States and is externally managed by Carlyle Global Credit Investment Management LLC, an affiliate of The Carlyle Group.

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