LSV Asset Management Sells 129,274 Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

LSV Asset Management trimmed its holdings in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) by 9.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,261,689 shares of the company's stock after selling 129,274 shares during the quarter. LSV Asset Management owned about 2.48% of Carlyle Secured Lending worth $22,622,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CGBD. Canton Hathaway LLC bought a new stake in shares of Carlyle Secured Lending in the fourth quarter valued at approximately $47,000. EMC Capital Management increased its stake in Carlyle Secured Lending by 56.9% in the fourth quarter. EMC Capital Management now owns 13,021 shares of the company's stock valued at $233,000 after acquiring an additional 4,722 shares during the last quarter. Jane Street Group LLC raised its position in Carlyle Secured Lending by 30.9% during the third quarter. Jane Street Group LLC now owns 13,775 shares of the company's stock valued at $234,000 after purchasing an additional 3,249 shares in the last quarter. Round Rock Advisors LLC acquired a new position in Carlyle Secured Lending during the fourth quarter valued at approximately $333,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in Carlyle Secured Lending during the third quarter worth $492,000. Institutional investors own 24.51% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CGBD. JPMorgan Chase & Co. boosted their price target on Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an "underweight" rating in a report on Monday, February 3rd. Wells Fargo & Company increased their price objective on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. Finally, Bank of America downgraded shares of Carlyle Secured Lending from a "buy" rating to an "underperform" rating and set a $17.00 price target for the company. in a report on Monday, February 10th.

Carlyle Secured Lending Trading Up 2.4 %

NASDAQ CGBD traded up $0.34 during trading hours on Thursday, reaching $14.56. The company's stock had a trading volume of 178,663 shares, compared to its average volume of 227,698. The firm has a fifty day simple moving average of $16.51 and a 200-day simple moving average of $17.19. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.11 and a quick ratio of 1.11. Carlyle Secured Lending, Inc. has a 52 week low of $13.12 and a 52 week high of $18.74. The stock has a market cap of $741.93 million, a P/E ratio of 8.14 and a beta of 1.22.

Carlyle Secured Lending Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be paid a $0.40 dividend. The ex-dividend date is Monday, March 24th. This represents a $1.60 annualized dividend and a dividend yield of 10.99%. Carlyle Secured Lending's dividend payout ratio is 98.77%.

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.