North Ground Capital Makes New Investment in Carlyle Secured Lending, Inc. $CGBD

Key Points

• North Ground Capital acquired 616,000 shares of Carlyle Secured Lending in the second quarter, representing about 0.90% of CGBD and 7.8% of the fund’s portfolio. Institutional investors collectively own 24.51% of the stock.
• Analysts maintain a mixed outlook, with three Buy ratings and four Holds; the consensus rating is Hold with a $12.50 price target. CGBD recently reported quarterly EPS of $0.35, beating estimates of $0.32, and revenue of $62.09 million.
• The company declared a quarterly dividend of $0.35, equivalent to $1.40 annually and a 12.3% yield based on the reported share price.

North Ground Capital bought a new stake in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 616,000 shares of the company's stock, valued at approximately $6,486,480,000. Carlyle Secured Lending comprises 7.8% of North Ground Capital's holdings, making the stock its 2nd largest holding. North Ground Capital owned about 0.90% of Carlyle Secured Lending as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CGBD. Allworth Financial LP purchased a new position in shares of Carlyle Secured Lending in the 2nd quarter worth $27,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Carlyle Secured Lending by 71.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,630 shares of the company's stock valued at $36,000 after acquiring an additional 1,100 shares during the period. Burk Holdings LLC bought a new position in Carlyle Secured Lending in the second quarter valued at about $37,000. Kestra Advisory Services LLC bought a new position in Carlyle Secured Lending in the fourth quarter valued at about $47,000. Finally, Tower Research Capital LLC TRC boosted its position in Carlyle Secured Lending by 1,011.6% in the second quarter. Tower Research Capital LLC TRC now owns 4,313 shares of the company's stock worth $59,000 after purchasing an additional 3,925 shares during the last quarter. 24.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CGBD has been the subject of a number of recent research reports. B. Riley Financial restated a "buy" rating on shares of Carlyle Secured Lending in a research note on Tuesday, May 12th. Wells Fargo & Company lowered their price objective on shares of Carlyle Secured Lending from $13.00 to $12.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $12.50.

Carlyle Secured Lending Stock Performance

Shares of CGBD stock opened at $11.35 on Monday. Carlyle Secured Lending, Inc. has a 1 year low of $9.94 and a 1 year high of $14.03. The firm has a fifty day moving average price of $10.69 and a 200-day moving average price of $11.07. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market cap of $780.94 million, a price-to-earnings ratio of 22.26 and a beta of 0.62.

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

Carlyle Secured Lending Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders 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 annualized dividend and a dividend yield of 12.3%. Carlyle Secured Lending's dividend payout ratio (DPR) is 274.51%.

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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