Mackenzie Financial Corp Invests $406,000 in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Mackenzie Financial Corp acquired a new stake in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 25,090 shares of the company's stock, valued at approximately $406,000.

A number of other hedge funds also recently made changes to their positions in the stock. Aquatic Capital Management LLC lifted its holdings in Carlyle Secured Lending by 541.8% during the fourth quarter. Aquatic Capital Management LLC now owns 2,567 shares of the company's stock valued at $46,000 after purchasing an additional 2,167 shares in the last quarter. Canton Hathaway LLC raised its position in shares of Carlyle Secured Lending by 271.0% during the 1st quarter. Canton Hathaway LLC now owns 9,795 shares of the company's stock valued at $158,000 after purchasing an additional 7,155 shares during the period. Sunbelt Securities Inc. boosted its holdings in Carlyle Secured Lending by 17.1% in the 1st 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 period. Cerity Partners LLC purchased a new stake in Carlyle Secured Lending in the 1st quarter worth $170,000. Finally, Lido Advisors LLC increased its stake in Carlyle Secured Lending by 12.3% in the 4th quarter. Lido Advisors LLC now owns 11,416 shares of the company's stock worth $210,000 after buying an additional 1,247 shares in the last quarter. 24.51% of the stock is currently owned by institutional investors.

Carlyle Secured Lending Stock Up 0.4%

Shares of CGBD opened at $13.66 on Friday. The business's 50 day simple moving average is $13.93 and its 200-day simple moving average is $15.32. Carlyle Secured Lending, Inc. has a 1 year low of $13.12 and a 1 year high of $18.64. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 3.55. The stock has a market capitalization of $696.11 million, a price-to-earnings ratio of 11.38 and a beta of 0.88.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last released its quarterly 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. 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 for the quarter, compared to the consensus estimate of $67.53 million. As a group, equities analysts expect that Carlyle Secured Lending, Inc. will post 1.97 earnings per share for the current fiscal year.

Carlyle Secured Lending Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently commented on CGBD shares. Wells Fargo & Company upgraded Carlyle Secured Lending from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $13.00 to $15.00 in a research report on Friday, July 25th. B. Riley raised Carlyle Secured Lending to a "hold" rating in a report on Monday, June 16th. Oppenheimer dropped their price target on Carlyle Secured Lending from $17.00 to $15.00 and set a "market perform" rating for the company in a research note on Thursday, May 8th. JPMorgan Chase & Co. reduced their price objective on shares of Carlyle Secured Lending from $17.00 to $14.00 and set an "underweight" rating on the stock in a research report on Thursday, April 24th. Finally, Raymond James Financial initiated coverage on shares of Carlyle Secured Lending in a research report on Thursday, July 17th. They set a "market perform" rating for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $15.25.

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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