Carlyle Secured Lending (NASDAQ:CGBD) Reaches New 1-Year High at $17.51

Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $17.51 and last traded at $17.51, with a volume of 158181 shares traded. The stock had previously closed at $17.17.

Analyst Upgrades and Downgrades

CGBD has been the subject of several recent research reports. Citigroup increased their price objective on 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 raised their target price on Carlyle Secured Lending from $14.00 to $15.00 and gave the company an "equal weight" rating in a report on Monday, January 29th.

Carlyle Secured Lending Stock Up 0.9 %

The company has a debt-to-equity ratio of 1.14, a current ratio of 1.22 and a quick ratio of 1.22. The business has a 50 day moving average price of $16.34 and a 200 day moving average price of $15.43. The firm has a market capitalization of $880.19 million, a P/E ratio of 10.25 and a beta of 1.59.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.52 EPS for the quarter, topping analysts' consensus estimates 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 previous year, the company posted $0.48 earnings per share. On average, analysts predict that Carlyle Secured Lending, Inc. will post 2.05 earnings per share for the current year.

Carlyle Secured Lending Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th were paid a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change 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 11.08%. Carlyle Secured Lending's payout ratio is presently 94.67%.

Hedge Funds Weigh In On Carlyle Secured Lending

A number of institutional investors have recently made changes to their positions in the business. Cape Investment Advisory Inc. acquired a new stake in Carlyle Secured Lending during the fourth quarter worth about $76,000. Tucker Asset Management LLC acquired a new stake in Carlyle Secured Lending during the fourth quarter worth about $80,000. One Capital Management LLC acquired a new stake in Carlyle Secured Lending during the third quarter worth about $145,000. Jump Financial LLC grew its position in Carlyle Secured Lending by 9.3% during the third quarter. Jump Financial LLC now owns 11,700 shares of the company's stock worth $170,000 after buying an additional 1,000 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Carlyle Secured Lending during the fourth quarter worth about $203,000. 24.51% of the stock is currently owned by institutional investors.

About Carlyle Secured Lending

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.