Quadrature Capital Ltd Acquires New Shares in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Quadrature Capital Ltd bought a new position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 38,506 shares of the company’s stock, valued at approximately $576,000. Quadrature Capital Ltd owned about 0.08% of Carlyle Secured Lending as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CGBD. Cape Investment Advisory Inc. bought a new position in Carlyle Secured Lending in the 4th quarter worth about $76,000. Tucker Asset Management LLC bought a new position in shares of Carlyle Secured Lending during the 4th quarter valued at about $80,000. Virtu Financial LLC bought a new position in shares of Carlyle Secured Lending during the 4th quarter valued at about $203,000. SG Americas Securities LLC bought a new position in shares of Carlyle Secured Lending during the 4th quarter valued at about $319,000. Finally, Axxcess Wealth Management LLC bought a new position in shares of Carlyle Secured Lending during the 3rd quarter valued at about $342,000. 24.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Citigroup increased their price objective on Carlyle Secured Lending from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th.

Carlyle Secured Lending Price Performance

Shares of Carlyle Secured Lending stock opened at $17.99 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $913.71 million, a PE ratio of 10.52 and a beta of 1.59. The business’s 50-day moving average price is $17.52 and its 200-day moving average price is $16.31. Carlyle Secured Lending, Inc. has a 12 month low of $13.31 and a 12 month high of $18.20.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its earnings results on Tuesday, May 7th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.02. The company had revenue of $44.14 million during the quarter, compared to analysts’ expectations of $42.86 million. Carlyle Secured Lending had a return on equity of 12.92% and a net margin of 38.15%. Sell-side analysts forecast that Carlyle Secured Lending, Inc. will post 2.05 EPS for the current fiscal year.

Carlyle Secured Lending Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Friday, June 28th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 10.45%. The ex-dividend date is Friday, June 28th. Carlyle Secured Lending’s dividend payout ratio is presently 93.57%.

Carlyle Secured Lending 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.