Ieq Capital LLC Makes New Investment in Carlyle Secured Lending, Inc. $CGBD

Key Points

• Ieq Capital LLC has acquired a new stake in Carlyle Secured Lending, purchasing 36,151 shares valued at approximately $585,000 during the first quarter.
• Carlyle Secured Lending announced a quarterly dividend of $0.40 per share, representing an annualized yield of 11.6%, with a payout ratio of 133.33%.
• As of the most recent reporting, 24.51% of Carlyle Secured Lending's stock is held by institutional investors and hedge funds, reflecting increased interest from major financial entities in the company.

Ieq Capital LLC acquired a new stake in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 36,151 shares of the company's stock, valued at approximately $585,000. Ieq Capital LLC owned approximately 0.07% of Carlyle Secured Lending as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CGBD. AdvisorNet Financial Inc boosted its holdings in Carlyle Secured Lending by 81,343.8% in the 1st quarter. AdvisorNet Financial Inc now owns 26,062 shares of the company's stock valued at $422,000 after purchasing an additional 26,030 shares during the last quarter. Round Rock Advisors LLC grew its holdings in shares of Carlyle Secured Lending by 146.6% during the first quarter. Round Rock Advisors LLC now owns 45,800 shares of the company's stock worth $741,000 after purchasing an additional 27,230 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Carlyle Secured Lending by 3.8% during the fourth quarter. Bank of America Corp DE now owns 1,192,606 shares of the company's stock worth $21,383,000 after buying an additional 44,033 shares during the last quarter. LPL Financial LLC boosted its holdings in Carlyle Secured Lending by 33.2% in the 1st quarter. LPL Financial LLC now owns 82,458 shares of the company's stock valued at $1,334,000 after purchasing an additional 20,549 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new stake in shares of Carlyle Secured Lending during the 1st quarter valued at approximately $406,000. 24.51% of the stock is owned by institutional investors.

Carlyle Secured Lending Stock Performance

NASDAQ:CGBD traded down $0.02 during trading hours on Monday, hitting $13.78. 146,907 shares of the company were exchanged, compared to its average volume of 353,659. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.73. The company's 50 day moving average price is $13.86 and its 200-day moving average price is $14.64. Carlyle Secured Lending, Inc. has a 52-week low of $13.12 and a 52-week high of $18.64. The stock has a market capitalization of $701.97 million, a price-to-earnings ratio of 11.47 and a beta of 0.88.

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, hitting the consensus estimate of $0.39. Carlyle Secured Lending had a net margin of 29.71% and a return on equity of 9.85%. The company had revenue of $67.28 million during the quarter, compared to analyst estimates of $67.53 million. As a group, 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 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 annualized dividend and a dividend yield of 11.6%. Carlyle Secured Lending's dividend payout ratio is presently 133.33%.

Insider Buying and Selling at Carlyle Secured Lending

In other news, CFO Thomas M. Hennigan purchased 7,285 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was bought at an average cost of $13.75 per share, with a total value of $100,168.75. Following the purchase, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John G. Nestor sold 13,238 shares of Carlyle Secured Lending stock in a transaction on Monday, August 18th. The shares were sold at an average price of $13.49, for a total value of $178,580.62. Following the completion of the transaction, the director owned 14,593 shares of the company's stock, 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. Corporate insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

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

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.