Short Interest in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Increases By 18.9%

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 283,300 shares, a growth of 18.9% from the August 31st total of 238,300 shares. Based on an average daily volume of 203,300 shares, the short-interest ratio is currently 1.4 days. Approximately 0.6% of the company’s stock are short sold.

Hedge Funds Weigh In On Carlyle Secured Lending

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bright Futures Wealth Management LLC. bought a new position in shares of Carlyle Secured Lending during the 1st quarter valued at $873,000. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Carlyle Secured Lending by 166.6% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 81,929 shares of the company’s stock worth $1,334,000 after acquiring an additional 51,201 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Carlyle Secured Lending during the 4th quarter valued at about $576,000. Condor Capital Management raised its stake in shares of Carlyle Secured Lending by 16.3% in the 2nd quarter. Condor Capital Management now owns 264,311 shares of the company’s stock valued at $4,689,000 after acquiring an additional 36,984 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. acquired a new stake in Carlyle Secured Lending in the 2nd quarter worth approximately $602,000. 24.51% of the stock is currently owned by hedge funds and other institutional investors.

Carlyle Secured Lending Price Performance

NASDAQ:CGBD traded up $0.14 during midday trading on Friday, hitting $17.52. 207,956 shares of the stock were exchanged, compared to its average volume of 215,974. The company has a market capitalization of $889.93 million, a price-to-earnings ratio of 10.25 and a beta of 1.59. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.05. Carlyle Secured Lending has a one year low of $13.31 and a one year high of $18.74. The business has a 50-day moving average price of $17.02 and a two-hundred day moving average price of $17.23.

Carlyle Secured Lending (NASDAQ:CGBD) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. The company had revenue of $58.26 million during the quarter, compared to analyst estimates of $42.21 million. Carlyle Secured Lending had a net margin of 44.19% and a return on equity of 12.74%. During the same quarter last year, the firm posted $0.52 EPS. Sell-side analysts predict that Carlyle Secured Lending will post 1.96 EPS for the current year.

Carlyle Secured Lending Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be given a $0.47 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 10.73%. Carlyle Secured Lending’s dividend payout ratio (DPR) is presently 93.57%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. 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 report on Tuesday, August 6th. JPMorgan Chase & Co. lowered shares of Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 price objective for the company. in a report on Monday, July 29th.

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.