Carlyle Secured Lending (NASDAQ:CGBD) Shares Gap Down to $18.15

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) gapped down prior to trading on Friday . The stock had previously closed at $18.15, but opened at $17.68. Carlyle Secured Lending shares last traded at $17.81, with a volume of 19,237 shares.

Carlyle Secured Lending Stock Performance

The stock has a market cap of $901.01 million, a P/E ratio of 10.37 and a beta of 1.59. The stock has a fifty day simple moving average of $17.68 and a 200-day simple moving average of $16.41. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.45 and a current ratio of 1.45.

Carlyle Secured Lending (NASDAQ:CGBD) last released its earnings results on Tuesday, May 7th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. The business had revenue of $44.14 million for 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%. On average, equities analysts expect that Carlyle Secured Lending, Inc. will post 2.05 earnings per share for the current year.

Carlyle Secured Lending Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.60%. The ex-dividend date is Friday, June 28th. Carlyle Secured Lending’s dividend payout ratio (DPR) is presently 93.57%.

Institutional Trading of Carlyle Secured Lending

Institutional investors and hedge funds have recently bought and sold shares of the business. Cape Investment Advisory Inc. bought a new stake in Carlyle Secured Lending in the 4th quarter valued at $76,000. Tucker Asset Management LLC bought a new position in Carlyle Secured Lending in the 4th quarter valued at about $80,000. Kingsview Wealth Management LLC acquired a new stake in Carlyle Secured Lending during the first quarter worth approximately $171,000. Virtu Financial LLC bought a new stake in shares of Carlyle Secured Lending during the fourth quarter worth approximately $203,000. Finally, EMC Capital Management grew its position in shares of Carlyle Secured Lending by 126.8% in the first quarter. EMC Capital Management now owns 13,021 shares of the company’s stock valued at $212,000 after purchasing an additional 7,280 shares during the last quarter. Institutional investors 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.