Two Sigma Investments LP Sells 54,088 Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Two Sigma Investments LP lowered its stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) by 15.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 288,066 shares of the company's stock after selling 54,088 shares during the quarter. Two Sigma Investments LP owned 0.57% of Carlyle Secured Lending worth $5,165,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CGBD. Aquatic Capital Management LLC increased its holdings in Carlyle Secured Lending by 541.8% during the fourth quarter. Aquatic Capital Management LLC now owns 2,567 shares of the company's stock valued at $46,000 after buying an additional 2,167 shares during the last quarter. Canton Hathaway LLC bought a new position in Carlyle Secured Lending in the 4th quarter worth $47,000. Lido Advisors LLC lifted its position in Carlyle Secured Lending by 12.3% during the fourth quarter. Lido Advisors LLC now owns 11,416 shares of the company's stock valued at $210,000 after purchasing an additional 1,247 shares in the last quarter. EMC Capital Management lifted its position in Carlyle Secured Lending by 56.9% during the fourth quarter. EMC Capital Management now owns 13,021 shares of the company's stock valued at $233,000 after purchasing an additional 4,722 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Carlyle Secured Lending during the fourth quarter valued at $332,000. Institutional investors own 24.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CGBD. Wells Fargo & Company reduced their price target on Carlyle Secured Lending from $14.00 to $13.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Oppenheimer decreased their target price on shares of 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. Bank of America cut shares of Carlyle Secured Lending from a "buy" rating to an "underperform" rating and set a $17.00 target price on the stock. in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. cut their price target on Carlyle Secured Lending from $17.00 to $14.00 and set an "underweight" rating for the company in a research note on Thursday, April 24th.

Carlyle Secured Lending Price Performance

CGBD stock traded down $0.08 during mid-day trading on Friday, hitting $14.01. The company had a trading volume of 272,410 shares, compared to its average volume of 240,378. The company has a 50-day moving average price of $14.53 and a 200 day moving average price of $16.56. Carlyle Secured Lending, Inc. has a 12-month low of $13.12 and a 12-month high of $18.74. The company has a market capitalization of $713.91 million, a price-to-earnings ratio of 7.83 and a beta of 0.93. 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 results on Tuesday, May 6th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.02). The firm had revenue of $54.60 million for the quarter, compared to the consensus estimate of $55.50 million. Carlyle Secured Lending had a net margin of 40.69% and a return on equity of 12.60%. On average, research analysts anticipate that Carlyle Secured Lending, Inc. will post 1.97 earnings per share for the current year.

Carlyle Secured Lending Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.42%. Carlyle Secured Lending's dividend payout ratio is currently 118.52%.

Carlyle Secured Lending Company Profile

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.