Carlyle Secured Lending (NASDAQ:CGBD) Reaches New 52-Week High at $17.66

Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $17.66 and last traded at $17.54, with a volume of 29533 shares trading hands. The stock had previously closed at $17.58.

Analyst Ratings Changes

A number of research firms have recently commented on CGBD. Wells Fargo & Company upped their price objective on shares of 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 objective on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the company a "buy" rating in a research note on Wednesday, February 28th.

Carlyle Secured Lending Stock Down 0.9 %

The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $884.76 million, a PE ratio of 10.31 and a beta of 1.56. The stock has a fifty day moving average price of $16.51 and a 200-day moving average price of $15.54.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last issued its earnings results on Monday, February 26th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.01. Carlyle Secured Lending had a return on equity of 12.80% and a net margin of 38.19%. The business had revenue of $62.69 million during the quarter, compared to analysts' expectations of $42.86 million. During the same quarter in the previous year, the business earned $0.48 EPS. Research analysts expect that Carlyle Secured Lending, Inc. will post 2.05 EPS for the current year.

Carlyle Secured Lending Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 11.02%. The ex-dividend date was Wednesday, March 27th. This is a boost from Carlyle Secured Lending's previous quarterly dividend of $0.44. Carlyle Secured Lending's dividend payout ratio is currently 94.67%.

Hedge Funds Weigh In On Carlyle Secured Lending

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cape Investment Advisory Inc. acquired a new position in shares of Carlyle Secured Lending in the 4th quarter valued at approximately $76,000. Tucker Asset Management LLC acquired a new position in shares of Carlyle Secured Lending in the 4th quarter valued at approximately $80,000. One Capital Management LLC acquired a new position in shares of Carlyle Secured Lending in the 3rd quarter valued at approximately $145,000. Jump Financial LLC raised its position 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 in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Carlyle Secured Lending in the 4th quarter valued at approximately $203,000. Hedge funds and other institutional investors own 24.51% of the company's stock.

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.