Two Sigma Advisers LP trimmed its position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 449,100 shares of the company's stock after selling 25,000 shares during the quarter. Two Sigma Advisers LP owned approximately 0.88% of Carlyle Secured Lending worth $8,052,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Caxton Associates LP bought a new position in Carlyle Secured Lending in the 4th quarter worth about $362,000. Bank of America Corp DE increased its position in shares of Carlyle Secured Lending by 3.8% in the fourth quarter. Bank of America Corp DE now owns 1,192,606 shares of the company's stock worth $21,383,000 after purchasing an additional 44,033 shares during the last quarter. Ameriprise Financial Inc. increased 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 worth $3,207,000 after buying an additional 15,143 shares during the last quarter. Aptus Capital Advisors LLC bought a new position in shares of Carlyle Secured Lending in the 4th quarter worth $391,000. Finally, Triumph Capital Management increased its stake in Carlyle Secured Lending by 10.3% in the fourth quarter. Triumph Capital Management now owns 39,593 shares of the company's stock valued at $710,000 after acquiring an additional 3,705 shares during the last quarter. 24.51% of the stock is currently owned by hedge funds and other institutional investors.
Carlyle Secured Lending Trading Down 0.4%
NASDAQ:CGBD traded down $0.05 during mid-day trading on Thursday, hitting $14.00. 65,376 shares of the stock traded hands, compared to its average volume of 238,528. The stock has a market capitalization of $713.40 million, a price-to-earnings ratio of 7.82 and a beta of 0.93. The firm's 50 day moving average is $14.63 and its two-hundred day moving average is $16.59. Carlyle Secured Lending, Inc. has a 52 week low of $13.12 and a 52 week high of $18.74. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.99.
Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.02). The company had revenue of $54.60 million for the quarter, compared to analysts' expectations of $55.50 million. Carlyle Secured Lending had a net margin of 40.69% and a return on equity of 12.60%. On average, equities research analysts predict that Carlyle Secured Lending, Inc. will post 1.97 earnings per share for the current year.
Carlyle Secured Lending Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 11.43%. The ex-dividend date of this dividend is Monday, June 30th. Carlyle Secured Lending's payout ratio is currently 118.52%.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on CGBD. Wells Fargo & Company cut their price objective on shares of Carlyle Secured Lending from $14.00 to $13.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. JPMorgan Chase & Co. decreased their target price on Carlyle Secured Lending from $17.00 to $14.00 and set an "underweight" rating on the stock in a report on Thursday, April 24th. Oppenheimer decreased their price objective on Carlyle Secured Lending from $17.00 to $15.00 and set a "market perform" rating on the stock in a research note on Thursday, May 8th. Finally, Bank of America downgraded Carlyle Secured Lending from a "buy" rating to an "underperform" rating and set a $17.00 price objective on the stock. in a research note on Monday, February 10th.
Check Out Our Latest Stock Analysis on Carlyle Secured Lending
Carlyle Secured Lending Profile
(
Free Report)
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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