Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Short Interest Up 5.0% in April

Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Get Free Report) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 385,500 shares, a growth of 5.0% from the March 31st total of 367,000 shares. Based on an average daily trading volume, of 213,500 shares, the short-interest ratio is presently 1.8 days. Approximately 0.9% of the shares of the company are short sold.

Carlyle Secured Lending Price Performance

Shares of CGBD stock traded up $0.16 during trading hours on Wednesday, reaching $17.33. The stock had a trading volume of 436,793 shares, compared to its average volume of 231,224. The stock's fifty day simple moving average is $16.34 and its 200 day simple moving average is $15.43. 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 has a 12 month low of $13.12 and a 12 month high of $17.58. The firm has a market capitalization of $880.19 million, a PE ratio of 10.25 and a beta of 1.59.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last released its quarterly earnings data on Monday, February 26th. The company reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.01. Carlyle Secured Lending had a net margin of 38.19% and a return on equity of 12.80%. The company had revenue of $62.69 million during the quarter, compared to analyst estimates of $42.86 million. During the same period last year, the business earned $0.48 earnings per share. On average, equities research analysts predict that Carlyle Secured Lending will post 2.05 EPS for the current year.

Carlyle Secured Lending Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th were given a dividend of $0.48 per share. The ex-dividend date 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 annualized dividend and a yield of 11.08%. Carlyle Secured Lending's payout ratio is presently 94.67%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Carlyle Secured Lending

Several hedge funds have recently bought and sold shares of the stock. Commonwealth Equity Services LLC lifted its holdings in shares of Carlyle Secured Lending by 28.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 21,381 shares of the company's stock worth $310,000 after acquiring an additional 4,770 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Carlyle Secured Lending by 35.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 26,270 shares of the company's stock worth $381,000 after acquiring an additional 6,912 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Carlyle Secured Lending by 1.4% in the 3rd quarter. Raymond James & Associates now owns 72,802 shares of the company's stock worth $1,056,000 after acquiring an additional 1,025 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Carlyle Secured Lending by 6.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 58,502 shares of the company's stock worth $848,000 after buying an additional 3,641 shares during the period. Finally, LSV Asset Management increased its stake in shares of Carlyle Secured Lending by 8.6% in the third quarter. LSV Asset Management now owns 1,683,463 shares of the company's stock worth $24,410,000 after buying an additional 133,376 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.