Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Shares Sold by LSV Asset Management

LSV Asset Management trimmed its position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,598,663 shares of the company's stock after selling 84,800 shares during the period. LSV Asset Management owned 3.15% of Carlyle Secured Lending worth $23,916,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its position in shares of Carlyle Secured Lending by 327.2% during the fourth quarter. International Assets Investment Management LLC now owns 271,150 shares of the company's stock valued at $40,560,000 after buying an additional 207,685 shares during the last quarter. Raymond James & Associates lifted its holdings in Carlyle Secured Lending by 80.8% in the fourth quarter. Raymond James & Associates now owns 131,643 shares of the company's stock valued at $1,969,000 after acquiring an additional 58,841 shares during the period. Global Retirement Partners LLC bought a new position in Carlyle Secured Lending in the fourth quarter valued at about $656,000. WINTON GROUP Ltd bought a new position in Carlyle Secured Lending in the third quarter valued at about $374,000. Finally, Axxcess Wealth Management LLC bought a new position in Carlyle Secured Lending in the third quarter valued at about $342,000. 24.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on CGBD shares. Wells Fargo & Company increased 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. Citigroup raised their price objective on Carlyle Secured Lending from $16.00 to $17.00 and gave the stock a "buy" rating in a research note on Wednesday, February 28th.

Carlyle Secured Lending Price Performance

CGBD traded down $0.16 on Tuesday, hitting $17.42. 291,391 shares of the company's stock traded hands, compared to its average volume of 231,597. The company's 50 day simple moving average is $16.49 and its 200-day simple moving average is $15.51. The firm has a market cap of $884.76 million, a price-to-earnings ratio of 10.40 and a beta of 1.56. Carlyle Secured Lending, Inc. has a one year low of $13.12 and a one year high of $17.66. 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 (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, beating the consensus estimate of $0.51 by $0.01. The company had revenue of $62.69 million for the quarter, compared to the consensus estimate 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 quarter last year, the company earned $0.48 EPS. As a group, research analysts anticipate that Carlyle Secured Lending, Inc. will post 2.05 EPS for the current year.

Carlyle Secured Lending Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend 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 (DPR) is currently 94.67%.

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.