U.S. Capital Wealth Advisors LLC Trims Stock Position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

U.S. Capital Wealth Advisors LLC lessened its holdings in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) by 71.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,310 shares of the company's stock after selling 25,890 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Carlyle Secured Lending were worth $167,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Aquatic Capital Management LLC boosted its stake in Carlyle Secured Lending by 541.8% in the 4th quarter. Aquatic Capital Management LLC now owns 2,567 shares of the company's stock worth $46,000 after purchasing an additional 2,167 shares in the last quarter. Canton Hathaway LLC boosted its stake in Carlyle Secured Lending by 271.0% in 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 in the last quarter. Sunbelt Securities Inc. boosted its stake in Carlyle Secured Lending by 17.1% in 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 in the last quarter. Lido Advisors LLC boosted its stake in Carlyle Secured Lending by 12.3% in the 4th quarter. Lido Advisors LLC now owns 11,416 shares of the company's stock worth $210,000 after purchasing an additional 1,247 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Carlyle Secured Lending in the 4th quarter worth about $332,000. Institutional investors own 24.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CGBD shares. B. Riley upgraded shares of Carlyle Secured Lending to a "hold" rating in a research note on Monday, June 16th. JPMorgan Chase & Co. dropped their price target on shares of Carlyle Secured Lending from $17.00 to $14.00 and set an "underweight" rating on the stock in a research note on Thursday, April 24th. Wells Fargo & Company lowered their target price on shares of Carlyle Secured Lending from $14.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Finally, Oppenheimer lowered 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. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $14.75.

Carlyle Secured Lending Stock Performance

CGBD traded up $0.06 during midday trading on Friday, hitting $14.18. 371,968 shares of the company traded hands, compared to its average volume of 268,020. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $722.57 million, a PE ratio of 10.50 and a beta of 0.85. The company's 50-day moving average is $13.95 and its 200 day moving average is $15.84. Carlyle Secured Lending, Inc. has a 52 week low of $13.12 and a 52 week high of $18.74.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.02). Carlyle Secured Lending had a net margin of 32.72% and a return on equity of 10.49%. The company had revenue of $54.60 million for the quarter, compared to the consensus estimate of $55.50 million. On average, research analysts expect that Carlyle Secured Lending, Inc. will post 1.97 EPS for the current year.

Carlyle Secured Lending Dividend Announcement

The firm also recently declared 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. This represents a $1.60 annualized dividend and a dividend yield of 11.28%. The ex-dividend date is Monday, June 30th. Carlyle Secured Lending's payout ratio is currently 118.52%.

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.