29,445 Shares in Carlyle Secured Lending, Inc. $CGBD Acquired by Caxton Associates LLP

Key Points

• Caxton Associates LLP invested approximately $476,000 in Carlyle Secured Lending, acquiring 29,445 shares during the first quarter.
• Carlyle Secured Lending declared a quarterly dividend of $0.40, representing an annualized yield of 11.6%, with record holders set to receive payments on October 17th.
• Wells Fargo upgraded Carlyle Secured Lending from an "equal weight" to an "overweight" rating, raising its price target from $13.00 to $15.00.

Caxton Associates LLP bought a new stake in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 29,445 shares of the company's stock, valued at approximately $476,000. Caxton Associates LLP owned about 0.06% of Carlyle Secured Lending as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of CGBD. Ethos Financial Group LLC purchased a new position in Carlyle Secured Lending during the 1st quarter valued at $2,781,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Carlyle Secured Lending during the 4th quarter valued at $2,340,000. Bank of America Corp DE boosted its holdings in Carlyle Secured Lending by 3.8% during the 4th quarter. Bank of America Corp DE now owns 1,192,606 shares of the company's stock valued at $21,383,000 after acquiring an additional 44,033 shares during the period. Ieq Capital LLC purchased a new position in Carlyle Secured Lending during the 1st quarter valued at $585,000. Finally, Round Rock Advisors LLC boosted its holdings in Carlyle Secured Lending by 146.6% during the 1st quarter. Round Rock Advisors LLC now owns 45,800 shares of the company's stock valued at $741,000 after acquiring an additional 27,230 shares during the period. Institutional investors own 24.51% of the company's stock.

Carlyle Secured Lending Price Performance

CGBD stock traded down $0.04 during mid-day trading on Tuesday, reaching $13.32. 315,305 shares of the company's stock were exchanged, compared to its average volume of 358,636. The company has a market cap of $678.49 million, a price-to-earnings ratio of 11.09 and a beta of 0.88. The stock's 50 day moving average is $13.85 and its 200 day moving average is $14.47. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.73. Carlyle Secured Lending, Inc. has a 12-month low of $13.12 and a 12-month high of $18.64.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.39. The company had revenue of $67.28 million for the quarter, compared to the consensus estimate of $67.53 million. Carlyle Secured Lending had a return on equity of 9.85% and a net margin of 29.71%. On average, research analysts expect that Carlyle Secured Lending, Inc. will post 1.97 EPS for the current year.

Carlyle Secured Lending Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.0%. Carlyle Secured Lending's payout ratio is currently 133.33%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. B. Riley restated a "neutral" rating and set a $14.50 price objective (up previously from $14.00) on shares of Carlyle Secured Lending in a report on Monday, August 11th. Wells Fargo & Company upgraded Carlyle Secured Lending from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $13.00 to $15.00 in a report on Friday, July 25th. Finally, Raymond James Financial began coverage on Carlyle Secured Lending in a report on Thursday, July 17th. They issued a "market perform" rating for the company. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus price target of $15.10.

Insider Buying and Selling

In other news, CFO Thomas M. Hennigan purchased 7,285 shares of the stock in a transaction dated Wednesday, August 20th. The shares were purchased at an average cost of $13.75 per share, with a total value of $100,168.75. Following the completion of the purchase, the chief financial officer directly owned 88,495 shares of the company's stock, valued at approximately $1,216,806.25. The trade was a 8.97% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John G. Nestor sold 13,238 shares of Carlyle Secured Lending stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $13.49, for a total value of $178,580.62. Following the completion of the sale, the director directly owned 14,593 shares in the company, valued at $196,859.57. This represents a 47.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.61% of the company's stock.

About Carlyle Secured Lending

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.