Carlyle Secured Lending (NASDAQ:CGBD) Sees Unusually-High Trading Volume

Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) saw strong trading volume on Thursday . 332,520 shares changed hands during mid-day trading, an increase of 53% from the previous session’s volume of 217,242 shares.The stock last traded at $16.97 and had previously closed at $17.08.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company boosted their price target 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 boosted their price target 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 Stock Down 1.3 %

The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.14. The stock has a 50-day simple moving average of $16.19 and a 200-day simple moving average of $15.33. The company has a market cap of $855.81 million, a price-to-earnings ratio of 9.97 and a beta of 1.59.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its quarterly 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 company had revenue of $62.69 million during the quarter, compared to analyst estimates of $42.86 million. During the same quarter in the previous year, the firm posted $0.48 EPS. As a group, analysts predict that Carlyle Secured Lending, Inc. will post 2.05 EPS for the current year.

Carlyle Secured Lending Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th were issued a $0.48 dividend. This is a positive change from Carlyle Secured Lending’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.92 annualized dividend and a dividend yield of 11.39%. Carlyle Secured Lending’s dividend payout ratio is 94.67%.

Institutional Trading of Carlyle Secured Lending

Several institutional investors have recently modified their holdings of CGBD. International Assets Investment Management LLC lifted its holdings in shares of Carlyle Secured Lending by 327.2% in 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 period. LSV Asset Management raised its position in shares of Carlyle Secured Lending by 8.6% during the third quarter. LSV Asset Management now owns 1,683,463 shares of the company’s stock worth $24,410,000 after purchasing an additional 133,376 shares during the period. Raymond James & Associates raised its position in shares of Carlyle Secured Lending by 80.8% during the fourth quarter. Raymond James & Associates now owns 131,643 shares of the company’s stock worth $1,969,000 after purchasing an additional 58,841 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in shares of Carlyle Secured Lending by 166.6% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 81,929 shares of the company’s stock worth $1,334,000 after purchasing an additional 51,201 shares during the period. Finally, Global Retirement Partners LLC acquired a new stake in shares of Carlyle Secured Lending during the fourth quarter worth $656,000. Institutional investors and hedge funds 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.