International Assets Investment Management LLC Increases Stock Position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

International Assets Investment Management LLC lifted its position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 1,597.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 307,581 shares of the company’s stock after purchasing an additional 289,456 shares during the period. International Assets Investment Management LLC owned about 0.61% of Carlyle Secured Lending worth $52,200,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CGBD. Hennion & Walsh Asset Management Inc. grew its stake in 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 buying an additional 51,201 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Carlyle Secured Lending during the second quarter worth approximately $312,000. Condor Capital Management grew its position in shares of Carlyle Secured Lending by 16.3% during the second quarter. Condor Capital Management now owns 264,311 shares of the company’s stock worth $4,689,000 after acquiring an additional 36,984 shares during the last quarter. Quadrature Capital Ltd increased its holdings in shares of Carlyle Secured Lending by 6.6% in the 1st quarter. Quadrature Capital Ltd now owns 41,039 shares of the company’s stock valued at $668,000 after acquiring an additional 2,533 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised 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 purchasing an additional 6,527 shares during the last quarter. Institutional investors and hedge funds own 24.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating on the stock 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 price target on the stock. in a report on Monday, July 29th.

Carlyle Secured Lending Price Performance

Carlyle Secured Lending stock opened at $17.20 on Monday. 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 business has a 50 day simple moving average of $17.13 and a 200-day simple moving average of $17.38. 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 $873.67 million, a PE ratio of 10.06 and a beta of 1.59.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $58.26 million during the quarter, compared to the consensus estimate 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 in the prior year, the firm earned $0.52 EPS. Equities analysts predict that Carlyle Secured Lending, Inc. will post 1.96 earnings per share for the current year.

Carlyle Secured Lending Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 10.93%. The ex-dividend date was Monday, September 30th. Carlyle Secured Lending’s dividend payout ratio is presently 93.57%.

Carlyle Secured Lending Company Profile

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.