Round Rock Advisors LLC Has $741,000 Holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Round Rock Advisors LLC increased its holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) by 146.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,800 shares of the company's stock after purchasing an additional 27,230 shares during the quarter. Round Rock Advisors LLC owned approximately 0.09% of Carlyle Secured Lending worth $741,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CGBD. Envestnet Asset Management Inc. lifted its holdings in Carlyle Secured Lending by 19.8% in the first quarter. Envestnet Asset Management Inc. now owns 61,709 shares of the company's stock valued at $998,000 after buying an additional 10,196 shares during the period. Sunbelt Securities Inc. lifted its holdings in Carlyle Secured Lending by 17.1% in the first quarter. Sunbelt Securities Inc. now owns 10,297 shares of the company's stock valued at $167,000 after buying an additional 1,500 shares during the period. Canton Hathaway LLC lifted its holdings in Carlyle Secured Lending by 271.0% in the first quarter. Canton Hathaway LLC now owns 9,795 shares of the company's stock valued at $158,000 after buying an additional 7,155 shares during the period. Redhawk Wealth Advisors Inc. lifted its holdings in Carlyle Secured Lending by 36.5% in the first quarter. Redhawk Wealth Advisors Inc. now owns 53,784 shares of the company's stock valued at $870,000 after buying an additional 14,381 shares during the period. Finally, AdvisorNet Financial Inc lifted its holdings in Carlyle Secured Lending by 81,343.8% in the first quarter. AdvisorNet Financial Inc now owns 26,062 shares of the company's stock valued at $422,000 after buying an additional 26,030 shares during the period. Institutional investors own 24.51% of the company's stock.

Carlyle Secured Lending Stock Up 0.4%

Shares of NASDAQ CGBD traded up $0.06 during trading on Friday, hitting $14.18. 371,968 shares of the company traded hands, compared to its average volume of 268,020. The business's fifty day moving average is $13.95 and its 200 day moving average is $15.83. Carlyle Secured Lending, Inc. has a fifty-two week low of $13.12 and a fifty-two week high of $18.74. The firm has a market capitalization of $722.61 million, a price-to-earnings ratio of 10.50 and a beta of 0.85. The company has a debt-to-equity ratio of 1.03, a quick ratio of 3.55 and a current ratio of 3.55.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.02). Carlyle Secured Lending had a return on equity of 10.49% and a net margin of 32.72%. The business had revenue of $54.60 million during the quarter, compared to analyst estimates of $55.50 million. Equities research analysts predict that Carlyle Secured Lending, Inc. will post 1.97 earnings per share for the current fiscal year.

Carlyle Secured Lending Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be issued a $0.40 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.28%. Carlyle Secured Lending's dividend payout ratio is presently 118.52%.

Analyst Upgrades and Downgrades

CGBD has been the topic of several recent analyst reports. Wells Fargo & Company dropped 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 report on Thursday, May 8th. JPMorgan Chase & Co. dropped their price objective on shares of Carlyle Secured Lending from $17.00 to $14.00 and set an "underweight" rating on the stock in a report on Thursday, April 24th. Oppenheimer dropped their price objective on shares of 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, B. Riley upgraded shares of Carlyle Secured Lending to a "hold" rating in a report on Monday, June 16th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company's stock. According to MarketBeat, Carlyle Secured Lending has an average rating of "Hold" and an average price target of $14.75.

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.