Patton Albertson Miller Group LLC Acquires New Position in Carlyle Secured Lending, Inc. $CGBD

Key Points

• Patton Albertson Miller Group LLC has acquired a new position in Carlyle Secured Lending, purchasing 25,114 shares valued at approximately $344,000.
• Carlyle Secured Lending recently announced a quarterly dividend of $0.40 per share, representing a 12.3% dividend yield with an ex-dividend date on September 30th.
• Analysts have mixed opinions on Carlyle Secured Lending, with Wells Fargo upgrading the stock to an "overweight" rating and raising its price target from $13.00 to $15.00.

Patton Albertson Miller Group LLC acquired a new stake in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 25,114 shares of the company's stock, valued at approximately $344,000.

Several other institutional investors also recently bought and sold shares of the company. U.S. Capital Wealth Advisors LLC grew its position in Carlyle Secured Lending by 34.3% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 13,850 shares of the company's stock valued at $189,000 after purchasing an additional 3,540 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in Carlyle Secured Lending during the 2nd quarter valued at about $5,717,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Carlyle Secured Lending during the 2nd quarter valued at about $214,000. Triumph Capital Management grew its position in Carlyle Secured Lending by 19.7% during the 2nd quarter. Triumph Capital Management now owns 49,845 shares of the company's stock valued at $682,000 after purchasing an additional 8,214 shares during the last quarter. Finally, Doliver Advisors LP purchased a new stake in Carlyle Secured Lending during the 2nd quarter valued at about $1,677,000. 24.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Carlyle Secured Lending

In other news, CFO Thomas M. Hennigan bought 7,285 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were bought at an average price of $13.75 per share, for a total transaction of $100,168.75. Following the purchase, the chief financial officer owned 88,495 shares in the company, valued at approximately $1,216,806.25. The trade was a 8.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John G. Nestor sold 13,238 shares of the firm's stock in a transaction that occurred 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 sale, the director owned 14,593 shares in the company, 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. 0.61% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wells Fargo & Company raised shares of Carlyle Secured Lending from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $13.00 to $15.00 in a report on Friday, July 25th. Raymond James Financial assumed coverage on shares of Carlyle Secured Lending in a report on Thursday, July 17th. They set a "market perform" rating on the stock. Finally, B. Riley reaffirmed a "neutral" rating and set a $14.50 price target (up previously from $14.00) on shares of Carlyle Secured Lending in a report on Monday, August 11th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Carlyle Secured Lending has a consensus rating of "Reduce" and a consensus price target of $15.10.

Carlyle Secured Lending Price Performance

Shares of NASDAQ:CGBD opened at $13.03 on Monday. The firm's 50 day moving average price is $13.71 and its 200-day moving average price is $14.23. Carlyle Secured Lending, Inc. has a twelve month low of $12.95 and a twelve month high of $18.64. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $664.01 million, a PE ratio of 10.86 and a beta of 0.88.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $67.28 million for the quarter, compared to analysts' expectations of $67.53 million. Equities research analysts expect that Carlyle Secured Lending, Inc. will post 1.97 EPS for the current year.

Carlyle Secured Lending Announces Dividend

The firm also recently disclosed 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. This represents a $1.60 annualized dividend and a dividend yield of 12.3%. The ex-dividend date is Tuesday, September 30th. Carlyle Secured Lending's dividend payout ratio is 133.33%.

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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