Carlyle Secured Lending (NASDAQ:CGBD) Hits New 52-Week High at $17.10

Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $17.10 and last traded at $17.04, with a volume of 26685 shares trading hands. The stock had previously closed at $16.99.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CGBD shares. 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 report on Monday, January 29th. Citigroup boosted their target price 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 Stock Up 0.5 %

The firm has a market cap of $867.49 million, a PE ratio of 10.11 and a beta of 1.59. The stock has a 50 day simple moving average of $16.15 and a 200-day simple moving average of $15.31. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.22 and a quick ratio of 1.22.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last posted 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 net margin of 38.19% and a return on equity of 12.80%. During the same quarter in the prior year, the company posted $0.48 earnings per share. Sell-side analysts predict that Carlyle Secured Lending, Inc. will post 2.05 EPS for the current fiscal year.

Carlyle Secured Lending Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th were issued a dividend of $0.48 per share. This is an increase from Carlyle Secured Lending's previous quarterly dividend of $0.44. This represents a $1.92 dividend on an annualized basis and a dividend yield of 11.24%. The ex-dividend date of this dividend was Wednesday, March 27th. Carlyle Secured Lending's dividend payout ratio is presently 94.67%.

Institutional Investors Weigh In On Carlyle Secured Lending

Several large investors have recently bought and sold shares of CGBD. Raymond James & Associates grew its stake in shares of Carlyle Secured Lending by 80.8% in the fourth quarter. Raymond James & Associates now owns 131,643 shares of the company's stock worth $1,969,000 after acquiring an additional 58,841 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in Carlyle Secured Lending by 35.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 26,270 shares of the company's stock valued at $381,000 after buying an additional 6,912 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Carlyle Secured Lending by 8.6% during the 3rd quarter. LSV Asset Management now owns 1,683,463 shares of the company's stock valued at $24,410,000 after buying an additional 133,376 shares during the period. Greenwich Investment Management Inc. grew its holdings in shares of Carlyle Secured Lending by 15.6% in the third quarter. Greenwich Investment Management Inc. now owns 116,718 shares of the company's stock worth $1,692,000 after acquiring an additional 15,715 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its position in Carlyle Secured Lending by 6.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 58,502 shares of the company's stock valued at $848,000 after acquiring an additional 3,641 shares during the last quarter. 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.