Carlyle Secured Lending (NASDAQ:CGBD) Sets New 12-Month High at $16.68

Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $16.68 and last traded at $16.68, with a volume of 76137 shares trading hands. The stock had previously closed at $16.47.

Analyst Ratings Changes

CGBD has been the topic of several research reports. Citigroup upped their price objective on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the stock a "buy" rating in a report on Wednesday, February 28th. Wells Fargo & Company lifted their price target 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.

Carlyle Secured Lending Stock Up 1.5 %

The company has a market capitalization of $849.21 million, a PE ratio of 9.89 and a beta of 1.59. The stock's fifty day moving average is $16.03 and its two-hundred day moving average is $15.23. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.14.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last issued its quarterly earnings results on Monday, February 26th. The company reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.01. The firm had revenue of $62.69 million for the quarter, compared to analysts' expectations 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 quarter in the prior year, the firm earned $0.48 EPS. As a group, analysts predict that Carlyle Secured Lending, Inc. will post 2.03 EPS for the current year.

Carlyle Secured Lending Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, March 29th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 11.48%. This is a positive change from Carlyle Secured Lending's previous quarterly dividend of $0.44. The ex-dividend date was Wednesday, March 27th. Carlyle Secured Lending's payout ratio is presently 94.67%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp lifted its holdings in shares of Carlyle Secured Lending by 2.4% in the fourth quarter. Stifel Financial Corp now owns 32,199 shares of the company's stock worth $482,000 after buying an additional 740 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Carlyle Secured Lending by 4.5% in 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 boosted its position in shares of Carlyle Secured Lending by 9.3% during the 3rd quarter. Jump Financial LLC now owns 11,700 shares of the company's stock valued at $170,000 after acquiring an additional 1,000 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Carlyle Secured Lending by 1.4% during 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. increased its position in shares of Carlyle Secured Lending by 4.1% in 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 last quarter. Institutional investors own 24.51% of the company's stock.

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.