Virtu Financial LLC Purchases Shares of 13,596 Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Virtu Financial LLC acquired a new position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 13,596 shares of the company’s stock, valued at approximately $203,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CGBD. Advisors Asset Management Inc. grew its position in Carlyle Secured Lending by 9.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 206,779 shares of the company’s stock valued at $2,998,000 after buying an additional 17,426 shares in the last quarter. Axxcess Wealth Management LLC bought a new position in shares of Carlyle Secured Lending in the third quarter valued at approximately $342,000. Greenwich Investment Management Inc. increased its stake in shares of Carlyle Secured Lending by 15.6% during the third quarter. Greenwich Investment Management Inc. now owns 116,718 shares of the company’s stock valued at $1,692,000 after acquiring an additional 15,715 shares during the period. SG Americas Securities LLC bought a new stake in Carlyle Secured Lending during the fourth quarter worth approximately $319,000. Finally, Raymond James & Associates boosted its stake in Carlyle Secured Lending by 80.8% during the 4th quarter. Raymond James & Associates now owns 131,643 shares of the company’s stock valued at $1,969,000 after purchasing an additional 58,841 shares in the last quarter. 24.51% of the stock is owned by institutional investors.

Carlyle Secured Lending Stock Down 0.1 %

CGBD stock opened at $17.99 on Monday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market cap of $913.71 million, a PE ratio of 10.52 and a beta of 1.59. Carlyle Secured Lending, Inc. has a 12 month low of $13.31 and a 12 month high of $18.20. The firm has a 50 day simple moving average of $17.52 and a 200 day simple moving average of $16.32.

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

Carlyle Secured Lending Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Investors 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 dividend on an annualized basis and a yield of 10.45%. Carlyle Secured Lending’s dividend payout ratio is currently 93.57%.

Wall Street Analysts Forecast Growth

Separately, Citigroup upped 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 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.