Lalia Capital LLC Invests $9.77 Million in Carlyle Secured Lending, Inc. $CGBD

Key Points

• Lalia Capital purchased 927,333 shares of Carlyle Secured Lending valued at approximately $9.77 million, representing about 1.33% of the company and 4.7% of Lalia’s portfolio.
• Carlyle Secured Lending exceeded quarterly expectations, reporting $0.35 EPS versus the $0.32 consensus and revenue of $62.09 million compared with estimates of $59.43 million.
• The company declared a quarterly dividend of $0.35, or $1.40 annually, implying a 12.3% yield; analysts’ consensus rating remains “Hold,” with an average price target of $12.50.

Lalia Capital LLC bought a new stake in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 927,333 shares of the company's stock, valued at approximately $9,765,000. Carlyle Secured Lending makes up 4.7% of Lalia Capital LLC's portfolio, making the stock its 12th largest position. Lalia Capital LLC owned about 1.33% of Carlyle Secured Lending at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP bought a new position in Carlyle Secured Lending during the second quarter worth about $27,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Carlyle Secured Lending by 71.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,630 shares of the company's stock valued at $36,000 after purchasing an additional 1,100 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of Carlyle Secured Lending in the 4th quarter valued at approximately $47,000. Tower Research Capital LLC TRC raised its holdings in shares of Carlyle Secured Lending by 1,011.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,313 shares of the company's stock worth $59,000 after buying an additional 3,925 shares in the last quarter. Finally, Beaumont Financial Advisors LLC acquired a new position in shares of Carlyle Secured Lending in the 1st quarter worth approximately $110,000. Institutional investors own 24.51% of the company's stock.

Carlyle Secured Lending Price Performance

Shares of CGBD stock opened at $11.35 on Friday. Carlyle Secured Lending, Inc. has a 52 week low of $9.94 and a 52 week high of $14.03. The stock has a market capitalization of $780.99 million, a PE ratio of 22.26 and a beta of 0.62. 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 stock's fifty day moving average is $10.69 and its 200-day moving average is $11.07.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.03. The business had revenue of $62.09 million during the quarter, compared to analysts' expectations of $59.43 million. Carlyle Secured Lending had a return on equity of 8.85% and a net margin of 14.26%. Equities research analysts expect that Carlyle Secured Lending, Inc. will post 1.39 EPS for the current fiscal year.

Carlyle Secured Lending Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Wednesday, September 30th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 12.3%. Carlyle Secured Lending's payout ratio is currently 274.51%.

Analyst Upgrades and Downgrades

Several analysts recently commented on CGBD shares. B. Riley Financial reaffirmed a "buy" rating on shares of Carlyle Secured Lending in a research note 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 for the company in a research note on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $12.50.

Carlyle Secured Lending Company Profile

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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