Sanctuary Advisors LLC Takes $385,000 Position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Sanctuary Advisors LLC acquired a new stake in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 22,513 shares of the company’s stock, valued at approximately $385,000.

Several other institutional investors also recently bought and sold shares of the stock. Kimelman & Baird LLC purchased a new stake in Carlyle Secured Lending during the 2nd quarter valued at about $35,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Carlyle Secured Lending during the 2nd quarter valued at about $52,000. Magnetar Financial LLC purchased a new stake in Carlyle Secured Lending during the 2nd quarter valued at about $189,000. Condor Capital Management boosted its holdings in Carlyle Secured Lending by 16.3% during 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 during the period. Finally, Bright Futures Wealth Management LLC. boosted its holdings in Carlyle Secured Lending by 4.6% during the 2nd quarter. Bright Futures Wealth Management LLC. now owns 56,079 shares of the company’s stock valued at $948,000 after acquiring an additional 2,473 shares during the period. 24.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CGBD has been the subject of several analyst reports. JPMorgan Chase & Co. cut Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 target price for the company. 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 for the company in a report on Tuesday, August 6th.

Carlyle Secured Lending Trading Down 0.4 %

NASDAQ CGBD opened at $17.75 on Friday. Carlyle Secured Lending, Inc. has a fifty-two week low of $13.31 and a fifty-two week high of $18.74. The stock has a market cap of $901.61 million, a P/E ratio of 10.38 and a beta of 1.59. The stock has a 50 day simple moving average of $16.99 and a two-hundred day simple moving average of $17.32. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.85 and a current ratio of 1.85.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its 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 return on equity of 12.74% and a net margin of 44.19%. The firm had revenue of $58.26 million during the quarter, compared to analyst estimates of $42.21 million. During the same quarter in the prior year, the company earned $0.52 EPS. On average, analysts forecast that Carlyle Secured Lending, Inc. will post 1.96 earnings per share for the current year.

Carlyle Secured Lending Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 10.59%. The ex-dividend date was Monday, September 30th. Carlyle Secured Lending’s dividend payout ratio is currently 93.57%.

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.