Carlyle Secured Lending (NASDAQ:CGBD) Sets New 12-Month High at $16.64

Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $16.64 and last traded at $16.53, with a volume of 22405 shares. The stock had previously closed at $16.51.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CGBD. Wells Fargo & Company increased their target price on Carlyle Secured Lending from $14.00 to $15.00 and gave the company an "equal weight" rating in a research note on Monday, January 29th. Citigroup upped their price target on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the company a "buy" rating in a report on Wednesday, February 28th.

Carlyle Secured Lending Price Performance

The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.14. The company has a 50 day simple moving average of $15.89 and a 200-day simple moving average of $15.17. The stock has a market cap of $827.37 million, a price-to-earnings ratio of 9.64 and a beta of 1.59.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last posted its quarterly earnings results on Monday, February 26th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. The business had revenue of $62.69 million for the quarter, compared to analyst estimates of $42.86 million. Carlyle Secured Lending had a return on equity of 12.80% and a net margin of 38.19%. During the same period in the prior year, the company posted $0.48 EPS. As a group, research analysts anticipate that Carlyle Secured Lending, Inc. will post 2.03 EPS for the current fiscal year.

Carlyle Secured Lending Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 17th. Investors of record on Friday, March 29th will be paid a dividend of $0.48 per share. This is a positive change from Carlyle Secured Lending's previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.92 annualized dividend and a yield of 11.79%. Carlyle Secured Lending's dividend payout ratio is 94.67%.

Institutional Investors Weigh In On Carlyle Secured Lending

A number of hedge funds have recently added to or reduced their stakes in the stock. Stifel Financial Corp grew its stake in shares of Carlyle Secured Lending by 2.4% in the 4th quarter. Stifel Financial Corp now owns 32,199 shares of the company's stock worth $482,000 after purchasing an additional 740 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in Carlyle Secured Lending by 4.5% during the 1st quarter. Rockefeller Capital Management L.P. now owns 17,337 shares of the company's stock valued at $236,000 after acquiring an additional 753 shares in the last quarter. Jump Financial LLC increased its holdings in shares of Carlyle Secured Lending by 9.3% in the 3rd quarter. Jump Financial LLC now owns 11,700 shares of the company's stock valued at $170,000 after purchasing an additional 1,000 shares during the period. Raymond James & Associates lifted its position in shares of Carlyle Secured Lending by 1.4% in the third quarter. Raymond James & Associates now owns 72,802 shares of the company's stock worth $1,056,000 after purchasing an additional 1,025 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Carlyle Secured Lending by 4.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 27,346 shares of the company's stock worth $409,000 after purchasing an additional 1,076 shares during the period. 24.51% of the stock is currently owned by institutional investors.

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.