Corient Private Wealth LP Buys New Stake in Carlyle Secured Lending, Inc. $CGBD

Key Points

• Corient Private Wealth LP initiated a 182,469-share stake in Carlyle Secured Lending valued at approximately $1.92 million, while institutional investors collectively own 24.51% of the company.
• Carlyle Secured Lending declared a quarterly dividend of $0.35 per share, or $1.40 annualized, representing a 12.1% yield; the dividend payout ratio is 274.51%.
• CGBD shares recently traded at $11.56, within a 52-week range of $9.94 to $13.94. Analysts’ consensus rating is Hold, with an average price target of $12.50.

Corient Private Wealth LP purchased a new position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 182,469 shares of the company's stock, valued at approximately $1,921,000. Corient Private Wealth LP owned approximately 0.27% 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 also recently added to or reduced their stakes in CGBD. Rivernorth Capital Management LLC raised its position in shares of Carlyle Secured Lending by 58.2% in the fourth quarter. Rivernorth Capital Management LLC now owns 1,900,728 shares of the company's stock worth $23,740,000 after acquiring an additional 699,586 shares during the period. Lalia Capital LLC purchased a new stake in shares of Carlyle Secured Lending during the 2nd quarter worth about $9,765,000. North Ground Capital grew its position in shares of Carlyle Secured Lending by 91.6% during the 4th quarter. North Ground Capital now owns 912,220 shares of the company's stock valued at $11,394,000 after acquiring an additional 436,086 shares during the period. Invesco Ltd. grew its position in shares of Carlyle Secured Lending by 15.6% during the 3rd quarter. Invesco Ltd. now owns 901,237 shares of the company's stock valued at $11,265,000 after acquiring an additional 121,651 shares during the period. Finally, UBS Group AG increased its stake in shares of Carlyle Secured Lending by 35.7% in the 4th quarter. UBS Group AG now owns 862,260 shares of the company's stock valued at $10,770,000 after purchasing an additional 226,776 shares in the last quarter. Institutional investors and hedge funds own 24.51% of the company's stock.

Carlyle Secured Lending Stock Performance

NASDAQ:CGBD opened at $11.56 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.79 and a current ratio of 0.79. The company has a fifty day moving average of $10.81 and a two-hundred day moving average of $11.04. The stock has a market capitalization of $795.44 million, a PE ratio of 22.67 and a beta of 0.64. Carlyle Secured Lending, Inc. has a fifty-two week low of $9.94 and a fifty-two week high of $13.94.

Carlyle Secured Lending Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Wednesday, September 30th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 12.1%. The ex-dividend date is Wednesday, September 30th. Carlyle Secured Lending's dividend payout ratio is 274.51%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. B. Riley Financial reaffirmed a "buy" rating on shares of Carlyle Secured Lending in a report on Tuesday, May 12th. Wells Fargo & Company dropped their price objective on Carlyle Secured Lending from $13.00 to $12.00 and set an "overweight" rating on the stock in a report 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 MarketBeat, Carlyle Secured Lending currently has an average rating of "Hold" and an average target price of $12.50.

About Carlyle Secured Lending

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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