Samalin Investment Counsel LLC Purchases Shares of 97,454 Carlyle Secured Lending, Inc. $CGBD

Key Points

• Samalin Investment Counsel LLC opened a new position of 97,454 shares in Carlyle Secured Lending, valued at about $1.217 million, representing roughly 0.19% of the company.
• Carlyle pays a quarterly dividend of $0.40 (annualized $1.60) for a 14.1% yield156.86%, raising questions about sustainability.
• Director John G. Nestor sold 4,401 shares on March 6, cutting his stake by 44.38%; company insiders now hold only 0.61% of the stock.

Samalin Investment Counsel LLC purchased a new stake in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 97,454 shares of the company's stock, valued at approximately $1,217,000. Samalin Investment Counsel LLC owned about 0.19% of Carlyle Secured Lending as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Rossby Financial LCC purchased a new stake in shares of Carlyle Secured Lending during the third quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Carlyle Secured Lending by 71.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,630 shares of the company's stock valued at $36,000 after buying an additional 1,100 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Carlyle Secured Lending during the third quarter valued at about $37,000. Tower Research Capital LLC TRC lifted its position in shares of Carlyle Secured Lending by 1,011.6% during the second quarter. Tower Research Capital LLC TRC now owns 4,313 shares of the company's stock valued at $59,000 after buying an additional 3,925 shares during the last quarter. Finally, Security National Bank purchased a new stake in shares of Carlyle Secured Lending during the third quarter valued at about $64,000. 24.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director John G. Nestor sold 4,401 shares of the company's stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $11.29, for a total transaction of $49,687.29. Following the transaction, the director owned 5,516 shares in the company, valued at $62,275.64. This represents a 44.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.61% of the stock is currently owned by company insiders.

Carlyle Secured Lending Stock Performance

CGBD opened at $11.35 on Tuesday. Carlyle Secured Lending, Inc. has a 52-week low of $10.61 and a 52-week high of $15.15. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.31. The company has a market cap of $795.98 million, a P/E ratio of 11.13 and a beta of 0.65. The firm's 50-day moving average price is $11.24 and its 200-day moving average price is $12.03.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.05). Carlyle Secured Lending had a net margin of 27.38% and a return on equity of 8.56%. The company had revenue of $66.91 million for the quarter, compared to analyst estimates of $67.26 million. As a group, equities analysts anticipate that Carlyle Secured Lending, Inc. will post 1.44 EPS for the current fiscal year.

Carlyle Secured Lending Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.40 per share. The ex-dividend date was Tuesday, March 31st. This represents a $1.60 annualized dividend and a dividend yield of 14.1%. Carlyle Secured Lending's dividend payout ratio is 156.86%.

Analysts Set New Price Targets

CGBD has been the subject of several analyst reports. B. Riley Financial raised shares of Carlyle Secured Lending from a "neutral" rating to a "buy" rating and set a $13.00 price target for the company in a research report on Wednesday, February 25th. Wall Street Zen raised shares of Carlyle Secured Lending from a "sell" rating to a "hold" rating in a research report on Saturday, January 3rd. JPMorgan Chase & Co. cut their price objective on shares of Carlyle Secured Lending from $12.00 to $10.00 and set a "neutral" rating on the stock in a report on Friday, March 13th. Finally, Wells Fargo & Company cut their price objective on shares of Carlyle Secured Lending from $14.00 to $13.00 and set an "overweight" rating on the stock in a report on Friday, February 27th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $13.20.

Carlyle Secured Lending 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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