International Assets Investment Management LLC Has $40.56 Million Position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

International Assets Investment Management LLC grew its holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) by 327.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 271,150 shares of the company's stock after acquiring an additional 207,685 shares during the quarter. International Assets Investment Management LLC owned 0.53% of Carlyle Secured Lending worth $40,560,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. LSV Asset Management raised its stake in shares of Carlyle Secured Lending by 2.6% in the 1st quarter. LSV Asset Management now owns 554,500 shares of the company's stock valued at $7,979,000 after purchasing an additional 13,900 shares during the period. Neuberger Berman Group LLC lifted its stake in Carlyle Secured Lending by 42.1% in the 1st quarter. Neuberger Berman Group LLC now owns 263,917 shares of the company's stock valued at $3,798,000 after acquiring an additional 78,206 shares in the last quarter. LPL Financial LLC boosted its position in Carlyle Secured Lending by 19.8% during the 2nd quarter. LPL Financial LLC now owns 26,273 shares of the company's stock worth $334,000 after acquiring an additional 4,344 shares during the last quarter. Northern Trust Corp grew its stake in shares of Carlyle Secured Lending by 15.9% during the 2nd quarter. Northern Trust Corp now owns 15,211 shares of the company's stock worth $193,000 after acquiring an additional 2,084 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Carlyle Secured Lending in the second quarter valued at approximately $173,000. Institutional investors and hedge funds own 24.51% of the company's stock.

Carlyle Secured Lending Stock Down 0.1 %

Shares of NASDAQ CGBD traded down $0.02 during trading hours on Tuesday, hitting $16.28. The company had a trading volume of 131,476 shares, compared to its average volume of 206,689. Carlyle Secured Lending, Inc. has a 1-year low of $13.07 and a 1-year high of $16.63. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.14. The firm's 50 day moving average is $15.84 and its 200-day moving average is $15.15. The stock has a market capitalization of $826.86 million, a P/E ratio of 9.63 and a beta of 1.60.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last posted its quarterly earnings results on Monday, February 26th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. The firm had revenue of $62.69 million for the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $0.48 earnings per share. On average, analysts expect that Carlyle Secured Lending, Inc. will post 2.03 earnings per share for the current fiscal year.

Carlyle Secured Lending Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 17th. Investors of record on Friday, March 29th will be issued a dividend of $0.48 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.92 dividend on an annualized basis and a yield of 11.79%. This is a boost from Carlyle Secured Lending's previous quarterly dividend of $0.44. Carlyle Secured Lending's dividend payout ratio (DPR) is presently 94.67%.

Wall Street Analyst Weigh In

Several brokerages recently commented on CGBD. Wells Fargo & Company increased 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 report on Monday, January 29th. Citigroup raised their price objective on 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 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.