Trexquant Investment LP Cuts Stock Holdings in Carlyle Secured Lending, Inc. $CGBD

Trexquant Investment LP trimmed its position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) by 65.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,909 shares of the company's stock after selling 45,941 shares during the period. Trexquant Investment LP's holdings in Carlyle Secured Lending were worth $387,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in shares of Carlyle Secured Lending by 3.8% in the 4th quarter. Bank of America Corp DE now owns 1,192,606 shares of the company's stock valued at $21,383,000 after purchasing an additional 44,033 shares during the period. Condor Capital Management grew its holdings in shares of Carlyle Secured Lending by 3.2% in the 1st quarter. Condor Capital Management now owns 275,409 shares of the company's stock valued at $4,456,000 after acquiring an additional 8,573 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of Carlyle Secured Lending by 2.4% in the 1st quarter. Raymond James Financial Inc. now owns 184,149 shares of the company's stock valued at $2,980,000 after acquiring an additional 4,385 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Carlyle Secured Lending by 9.3% in the 4th quarter. Ameriprise Financial Inc. now owns 178,830 shares of the company's stock valued at $3,207,000 after acquiring an additional 15,143 shares in the last quarter. Finally, Ethos Financial Group LLC bought a new position in shares of Carlyle Secured Lending in the 1st quarter valued at about $2,781,000. 24.51% of the stock is currently owned by institutional investors.

Carlyle Secured Lending Stock Down 0.3%

NASDAQ:CGBD traded down $0.04 on Friday, hitting $13.70. The stock had a trading volume of 441,055 shares, compared to its average volume of 342,539. The firm's fifty day simple moving average is $13.86 and its two-hundred day simple moving average is $14.52. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.73 and a current ratio of 0.73. Carlyle Secured Lending, Inc. has a 1 year low of $13.12 and a 1 year high of $18.64. The stock has a market cap of $698.11 million, a P/E ratio of 11.42 and a beta of 0.88.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.39 EPS for the quarter, meeting 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 during the quarter, compared to the consensus estimate of $67.53 million. Analysts predict that Carlyle Secured Lending, Inc. will post 1.97 earnings per share 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. Investors of record on Tuesday, September 30th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.60 annualized dividend and a yield of 11.7%. Carlyle Secured Lending's payout ratio is presently 133.33%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CGBD. B. Riley restated a "neutral" rating and set a $14.50 price objective (up from $14.00) on shares of Carlyle Secured Lending in a research report on Monday, August 11th. Raymond James Financial began coverage on shares of Carlyle Secured Lending in a research report on Thursday, July 17th. They set a "market perform" rating for the company. Finally, Wells Fargo & Company upgraded shares of Carlyle Secured Lending from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $13.00 to $15.00 in a research report on Friday, July 25th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $15.10.

Insider Activity

In other Carlyle Secured Lending news, Director John G. Nestor sold 13,238 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $13.49, for a total transaction of $178,580.62. Following the completion of the sale, the director directly owned 14,593 shares of the company's stock, valued at approximately $196,859.57. This represents a 47.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thomas M. Hennigan bought 7,285 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The shares were bought at an average price of $13.75 per share, with a total value of $100,168.75. Following the transaction, the chief financial officer owned 88,495 shares of the company's stock, valued at $1,216,806.25. The trade was a 8.97% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.61% of the company's stock.

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.