Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 52.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,490 shares of the company’s stock after acquiring an additional 10,852 shares during the quarter. Commonwealth Equity Services LLC owned 0.06% of Carlyle Secured Lending worth $559,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Great Valley Advisor Group Inc. grew its stake in shares of Carlyle Secured Lending by 5.1% in the second quarter. Great Valley Advisor Group Inc. now owns 11,665 shares of the company’s stock worth $207,000 after purchasing an additional 565 shares in the last quarter. FineMark National Bank & Trust increased its stake in Carlyle Secured Lending by 3.1% during the 4th quarter. FineMark National Bank & Trust now owns 41,624 shares of the company’s stock valued at $623,000 after buying an additional 1,243 shares during the period. U.S. Capital Wealth Advisors LLC raised its position in shares of Carlyle Secured Lending by 3.1% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 46,731 shares of the company’s stock worth $829,000 after buying an additional 1,400 shares in the last quarter. Verdence Capital Advisors LLC raised its position in shares of Carlyle Secured Lending by 5.0% during the 2nd quarter. Verdence Capital Advisors LLC now owns 29,152 shares of the company’s stock worth $517,000 after buying an additional 1,400 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Carlyle Secured Lending by 5.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 44,170 shares of the company’s stock worth $661,000 after acquiring an additional 2,445 shares during the period. Institutional investors own 24.51% of the company’s stock.

Carlyle Secured Lending Stock Performance

Shares of CGBD opened at $17.10 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.85 and a quick ratio of 1.85. The firm’s 50 day moving average is $17.12 and its 200-day moving average is $17.18. Carlyle Secured Lending, Inc. has a 12-month low of $13.31 and a 12-month high of $18.74. The stock has a market capitalization of $868.59 million, a P/E ratio of 10.00 and a beta of 1.59.

Carlyle Secured Lending (NASDAQ:CGBD) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. Carlyle Secured Lending had a net margin of 44.19% and a return on equity of 12.74%. The firm had revenue of $58.26 million for the quarter, compared to analyst estimates of $42.21 million. During the same quarter in the previous year, the business posted $0.52 earnings per share. Equities research analysts anticipate that Carlyle Secured Lending, Inc. will post 1.96 EPS for the current fiscal year.

Carlyle Secured Lending Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.99%. The ex-dividend date of this dividend is Monday, September 30th. Carlyle Secured Lending’s dividend payout ratio (DPR) is presently 93.57%.

Wall Street Analyst Weigh In

Several brokerages recently commented on CGBD. JPMorgan Chase & Co. cut Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 target price on the stock. in a report on Monday, July 29th. Wells Fargo & Company dropped their price objective on Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 6th.

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.