LPL Financial LLC Has $1.33 Million Holdings in Carlyle Secured Lending, Inc. $CGBD

Key Points

• LPL Financial LLC increased its stake in Carlyle Secured Lending, acquiring an additional 20,549 shares, bringing its total ownership to approximately 82,458 shares, valued at $1,334,000.
• Analyst ratings for Carlyle Secured Lending show mixed sentiments, with a consensus rating of "Reduce" and an average target price of $15.10 following revisions from firms like Oppenheimer and Wells Fargo.
• The company announced a quarterly dividend of $0.40, yielding 11.4%, and revealed a payout ratio of 133.33%, with the ex-dividend date set for September 30th.

LPL Financial LLC lifted its holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) by 33.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 82,458 shares of the company's stock after purchasing an additional 20,549 shares during the period. LPL Financial LLC owned approximately 0.16% of Carlyle Secured Lending worth $1,334,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Aquatic Capital Management LLC raised its position in shares of Carlyle Secured Lending by 541.8% in the fourth quarter. Aquatic Capital Management LLC now owns 2,567 shares of the company's stock valued at $46,000 after buying an additional 2,167 shares during the last quarter. Canton Hathaway LLC lifted its holdings in Carlyle Secured Lending by 271.0% in the 1st quarter. Canton Hathaway LLC now owns 9,795 shares of the company's stock valued at $158,000 after acquiring an additional 7,155 shares during the last quarter. Sunbelt Securities Inc. increased its stake in shares of Carlyle Secured Lending by 17.1% in the first quarter. Sunbelt Securities Inc. now owns 10,297 shares of the company's stock worth $167,000 after acquiring an additional 1,500 shares during the last quarter. Cerity Partners LLC acquired a new position in Carlyle Secured Lending during the first quarter worth $170,000. Finally, Lido Advisors LLC grew its stake in shares of Carlyle Secured Lending by 12.3% in the fourth quarter. Lido Advisors LLC now owns 11,416 shares of the company's stock worth $210,000 after acquiring an additional 1,247 shares during the last quarter. 24.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CGBD shares. B. Riley reissued a "neutral" rating and issued a $14.50 target price (up previously from $14.00) on shares of Carlyle Secured Lending in a research note on Monday, August 11th. Oppenheimer dropped their price objective on Carlyle Secured Lending from $17.00 to $15.00 and set a "market perform" rating for the company in a research report on Thursday, May 8th. Wells Fargo & Company raised shares of Carlyle Secured Lending from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $13.00 to $15.00 in a research note on Friday, July 25th. Finally, Raymond James Financial initiated coverage on Carlyle Secured Lending in a research report on Thursday, July 17th. They issued a "market perform" rating for the company. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company 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 acquired 7,285 shares of the company's stock in a transaction dated Wednesday, August 20th. The stock was acquired at an average cost of $13.75 per share, for a total transaction of $100,168.75. Following the acquisition, the chief financial officer directly owned 88,495 shares in the company, valued at approximately $1,216,806.25. This represents a 8.97% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John G. Nestor sold 13,238 shares of the business's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $13.49, for a total transaction of $178,580.62. Following the completion of the transaction, the director owned 14,593 shares in the company, valued at $196,859.57. This represents a 47.57% decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by corporate insiders.

Carlyle Secured Lending Trading Up 0.4%

Carlyle Secured Lending stock traded up $0.06 during midday trading on Wednesday, reaching $13.87. The stock had a trading volume of 177,464 shares, compared to its average volume of 356,292. The company has a fifty day moving average of $13.87 and a 200 day moving average of $14.87. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. Carlyle Secured Lending, Inc. has a 52-week low of $13.12 and a 52-week high of $18.64. The firm has a market cap of $706.56 million, a price-to-earnings ratio of 11.54 and a beta of 0.88.

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

Carlyle Secured Lending Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.60 dividend on an annualized basis and a yield of 11.5%. Carlyle Secured Lending's payout ratio is presently 133.33%.

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.