Doliver Advisors LP Purchases New Position in Carlyle Secured Lending, Inc. $CGBD

Key Points

• Doliver Advisors LP acquired a new position in Carlyle Secured Lending, Inc. by purchasing 122,581 shares worth approximately $1.68 million, representing about 0.24% ownership.
• The company announced a quarterly dividend of $0.40 per share, with a dividend yield of 11.7% and a payout ratio of 133.33%.
• Recently, CFO Thomas M. Hennigan increased his stake by purchasing 7,285 shares at $13.75 each, while Director John G. Nestor sold 13,238 shares at an average price of $13.49.

Doliver Advisors LP acquired a new stake in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 122,581 shares of the company's stock, valued at approximately $1,677,000. Doliver Advisors LP owned approximately 0.24% of Carlyle Secured Lending as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CGBD. Quarry LP acquired a new position in shares of Carlyle Secured Lending during the 1st quarter worth $32,000. Canton Hathaway LLC boosted 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 worth $158,000 after purchasing an additional 7,155 shares in the last quarter. Sunbelt Securities Inc. increased its position in Carlyle Secured Lending by 17.1% during the first quarter. Sunbelt Securities Inc. now owns 10,297 shares of the company's stock worth $167,000 after buying an additional 1,500 shares during the last quarter. Cerity Partners LLC bought a new position in Carlyle Secured Lending during the first quarter valued at about $170,000. Finally, SCS Capital Management LLC bought a new position in Carlyle Secured Lending during the first quarter valued at about $188,000. 24.51% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Secured Lending Trading Down 0.3%

Carlyle Secured Lending stock opened at $13.70 on Friday. Carlyle Secured Lending, Inc. has a 52 week low of $13.12 and a 52 week high of $18.64. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market capitalization of $698.11 million, a PE ratio of 11.42 and a beta of 0.88. The business's 50-day simple moving average is $13.86 and its 200-day simple moving average is $14.55.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $67.28 million during 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%. Equities research analysts forecast that Carlyle Secured Lending, Inc. will post 1.97 earnings per share for the current year.

Carlyle Secured Lending Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 11.7%. The ex-dividend date of this dividend is Tuesday, September 30th. Carlyle Secured Lending's dividend payout ratio is currently 133.33%.

Insider Buying and Selling at Carlyle Secured Lending

In related news, CFO Thomas M. Hennigan purchased 7,285 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were bought at an average cost of $13.75 per share, for a total transaction of $100,168.75. Following the transaction, the chief financial officer directly owned 88,495 shares of the company's stock, valued at approximately $1,216,806.25. This trade represents a 8.97% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John G. Nestor sold 13,238 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $13.49, for a total transaction of $178,580.62. Following the transaction, the director owned 14,593 shares in the company, valued at approximately $196,859.57. The trade was a 47.57% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CGBD shares. B. Riley reiterated a "neutral" rating and set a $14.50 price target (up previously from $14.00) on shares of Carlyle Secured Lending in a research note on Monday, August 11th. Raymond James Financial started coverage on Carlyle Secured Lending in a report on Thursday, July 17th. They issued a "market perform" rating for the company. Finally, Wells Fargo & Company upgraded Carlyle Secured Lending from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $13.00 to $15.00 in a report on Friday, July 25th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Reduce" and an average target price of $15.10.

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.

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