Virtu Financial LLC Purchases New Stake in Carlyle Secured Lending, Inc. $CGBD

Key Points

• Virtu Financial LLC has acquired a new stake in Carlyle Secured Lending, purchasing 18,967 shares valued at approximately $307,000 during the first quarter.
• Several institutional investors, including JPMorgan Chase & Co. and Invesco Ltd., have also significantly increased their stakes in Carlyle Secured Lending over the past quarters.
• Carlyle Secured Lending recently announced a quarterly dividend of $0.40, which will be paid on October 17th, representing an annualized yield of 11.8%.

Virtu Financial LLC acquired a new stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 18,967 shares of the company's stock, valued at approximately $307,000.

Several other hedge funds and other institutional investors have also modified their holdings of CGBD. AdvisorNet Financial Inc lifted its position in Carlyle Secured Lending by 81,343.8% during the 1st quarter. AdvisorNet Financial Inc now owns 26,062 shares of the company's stock worth $422,000 after acquiring an additional 26,030 shares in the last quarter. Round Rock Advisors LLC lifted its position in Carlyle Secured Lending by 146.6% during the 1st quarter. Round Rock Advisors LLC now owns 45,800 shares of the company's stock worth $741,000 after acquiring an additional 27,230 shares in the last quarter. Bank of America Corp DE lifted its position in Carlyle Secured Lending by 3.8% during the 4th quarter. Bank of America Corp DE now owns 1,192,606 shares of the company's stock worth $21,383,000 after acquiring an additional 44,033 shares in the last quarter. Comerica Bank lifted its position in Carlyle Secured Lending by 859.5% during the 4th quarter. Comerica Bank now owns 88,445 shares of the company's stock worth $1,586,000 after acquiring an additional 79,227 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new position in Carlyle Secured Lending during the 1st quarter worth approximately $406,000. 24.51% of the stock is owned by institutional investors and hedge funds.

Carlyle Secured Lending Stock Performance

Shares of NASDAQ CGBD traded up $0.22 during trading on Tuesday, reaching $13.75. The stock had a trading volume of 756,470 shares, compared to its average volume of 356,761. Carlyle Secured Lending, Inc. has a one year low of $13.12 and a one year high of $18.64. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a market cap of $700.66 million, a PE ratio of 11.46 and a beta of 0.88. The firm's 50 day moving average price is $13.89 and its two-hundred day moving average price is $15.04.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.39. Carlyle Secured Lending had a return on equity of 9.85% and a net margin of 29.71%.The business had revenue of $67.28 million during the quarter, compared to analyst estimates of $67.53 million. On average, research analysts forecast that Carlyle Secured Lending, Inc. will post 1.97 earnings per share for the current fiscal year.

Carlyle Secured Lending Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 11.6%. The ex-dividend date is Tuesday, September 30th. Carlyle Secured Lending's payout ratio is 133.33%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CGBD. B. Riley reissued a "neutral" rating and set a $14.50 price target (up from $14.00) on shares of Carlyle Secured Lending in a research report on Monday, August 11th. Wells Fargo & Company raised Carlyle Secured Lending from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $13.00 to $15.00 in a research report on Friday, July 25th. JPMorgan Chase & Co. dropped their price objective 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 dropped their price objective on Carlyle Secured Lending from $17.00 to $15.00 and set a "market perform" rating on the stock in a report on Thursday, May 8th. Finally, Raymond James Financial started coverage on Carlyle Secured Lending in a report on Thursday, July 17th. They set a "market perform" rating on the stock. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average price target of $15.10.

Carlyle Secured Lending 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.