Trexquant Investment LP Trims Position in Carlyle Secured Lending, Inc. $CGBD

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

Other institutional investors also recently bought and sold shares of the company. Canton Hathaway LLC grew its stake 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 worth $158,000 after purchasing an additional 7,155 shares during the period. Sunbelt Securities Inc. grew its stake in shares of Carlyle Secured Lending by 17.1% during the 1st quarter. Sunbelt Securities Inc. now owns 10,297 shares of the company's stock worth $167,000 after purchasing an additional 1,500 shares during the period. Cerity Partners LLC acquired a new stake in shares of Carlyle Secured Lending during the 1st quarter worth approximately $170,000. MGB Wealth Management LLC acquired a new stake in shares of Carlyle Secured Lending during the 1st quarter worth approximately $291,000. Finally, Virtu Financial LLC acquired a new stake in shares of Carlyle Secured Lending during the 1st quarter worth approximately $307,000. 24.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Carlyle Secured Lending

In other Carlyle Secured Lending news, Director John G. Nestor sold 13,238 shares of Carlyle Secured Lending stock in a transaction 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 sale, the director owned 14,593 shares of the company's stock, valued at $196,859.57. The trade was a 47.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Thomas M. Hennigan bought 7,285 shares of the stock in a transaction on Wednesday, August 20th. The shares were acquired at an average cost 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 $1,216,806.25. The trade was a 8.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.61% of the company's stock.

Carlyle Secured Lending Price Performance

Carlyle Secured Lending stock opened at $13.84 on Tuesday. The company's fifty day moving average price is $13.87 and its 200 day moving average price is $14.61. 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 capitalization of $705.29 million, a P/E ratio of 11.53 and a beta of 0.88. 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 (NASDAQ:CGBD - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.39 earnings per share (EPS) 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 company had revenue of $67.28 million for the quarter, compared to analysts' expectations of $67.53 million. As a group, equities research analysts anticipate that Carlyle Secured Lending, Inc. will post 1.97 earnings per share for the current fiscal year.

Carlyle Secured Lending Announces Dividend

The firm also recently announced 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 11.6%. The ex-dividend date of this dividend is Tuesday, September 30th. Carlyle Secured Lending's payout ratio is 133.33%.

Analysts Set New Price Targets

A number of brokerages have recently commented on CGBD. Raymond James Financial began coverage on shares of Carlyle Secured Lending in a research note on Thursday, July 17th. They set a "market perform" rating on the stock. B. Riley reaffirmed a "neutral" rating and set a $14.50 price objective (up previously from $14.00) on shares of Carlyle Secured Lending in a research note on Monday, August 11th. Finally, Wells Fargo & Company raised 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 note on Friday, July 25th. One research 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. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and an average target price of $15.10.

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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