Carlyle Secured Lending (NASDAQ:CGBD) Sets New 1-Year High at $17.66

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on 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. Citigroup increased 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 Stock Up 1.9 %

The company has a debt-to-equity ratio of 1.14, a current ratio of 1.22 and a quick ratio of 1.22. The business has a 50 day moving average of $16.55 and a 200 day moving average of $15.55. The firm has a market capitalization of $906.69 million, a price-to-earnings ratio of 10.36 and a beta of 1.56.

Carlyle Secured Lending (NASDAQ:CGBD) last released its quarterly earnings data on Monday, February 26th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the business earned $0.48 earnings per share. On average, equities analysts anticipate that Carlyle Secured Lending, Inc. will post 2.05 EPS for the current year.

Carlyle Secured Lending Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.88 annualized dividend and a dividend yield of 10.53%. Carlyle Secured Lending’s dividend payout ratio is presently 93.57%.

Hedge Funds Weigh In On Carlyle Secured Lending

Several institutional investors have recently added to or reduced their stakes in the company. LSV Asset Management lifted its holdings in Carlyle Secured Lending by 8.6% in the third quarter. LSV Asset Management now owns 1,683,463 shares of the company’s stock valued at $24,410,000 after buying an additional 133,376 shares during the period. International Assets Investment Management LLC increased its holdings in 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 purchasing an additional 207,685 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Carlyle Secured Lending by 2.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 258,774 shares of the company’s stock valued at $4,213,000 after buying an additional 6,527 shares during the period. Condor Capital Management boosted its holdings in Carlyle Secured Lending by 7.9% during the first quarter. Condor Capital Management now owns 227,327 shares of the company’s stock worth $3,701,000 after buying an additional 16,714 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of Carlyle Secured Lending by 9.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 206,779 shares of the company’s stock worth $2,998,000 after buying an additional 17,426 shares during the period. 24.51% of the stock is owned by institutional investors.

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.