Good Life Advisors LLC Takes Position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Good Life Advisors LLC acquired a new stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 14,892 shares of the company’s stock, valued at approximately $253,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CGBD. Advisors Asset Management Inc. increased its position in Carlyle Secured Lending by 4.6% in the 1st quarter. Advisors Asset Management Inc. now owns 265,325 shares of the company’s stock valued at $4,319,000 after buying an additional 11,573 shares in the last quarter. Condor Capital Management increased its position in 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 buying an additional 36,984 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in Carlyle Secured Lending by 2.6% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 258,774 shares of the company’s stock valued at $4,213,000 after buying an additional 6,527 shares in the last quarter. Raymond James & Associates increased its position in Carlyle Secured Lending by 3.6% in the 2nd quarter. Raymond James & Associates now owns 126,916 shares of the company’s stock valued at $2,251,000 after buying an additional 4,459 shares in the last quarter. Finally, Herbst Group LLC bought a new stake in Carlyle Secured Lending in the 3rd quarter valued at about $2,071,000. 24.51% of the stock is owned by institutional investors and hedge funds.

Carlyle Secured Lending Trading Down 0.5 %

Carlyle Secured Lending stock opened at $17.66 on Monday. The stock has a market cap of $897.04 million, a P/E ratio of 10.33 and a beta of 1.59. Carlyle Secured Lending, Inc. has a fifty-two week low of $13.31 and a fifty-two week high of $18.74. The firm’s fifty day moving average price is $17.02 and its 200-day moving average price is $17.33. 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 released its earnings results on Monday, August 5th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $58.26 million for the quarter, compared to analysts’ expectations of $42.21 million. Carlyle Secured Lending had a return on equity of 12.74% and a net margin of 44.19%. During the same quarter in the prior year, the firm earned $0.52 earnings per share. Equities research analysts forecast that Carlyle Secured Lending, Inc. will post 1.96 earnings per share for the current fiscal year.

Carlyle Secured Lending Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.65%. Carlyle Secured Lending’s dividend payout ratio (DPR) is currently 93.57%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wells Fargo & Company decreased their target price on Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 6th. JPMorgan Chase & Co. lowered Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 target price for the company. in a research 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.