Janney Montgomery Scott LLC Grows Position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Janney Montgomery Scott LLC boosted its stake in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 10.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,843 shares of the company’s stock after purchasing an additional 4,329 shares during the period. Janney Montgomery Scott LLC owned approximately 0.09% of Carlyle Secured Lending worth $761,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Great Valley Advisor Group Inc. increased 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 acquiring an additional 565 shares during the period. Verdence Capital Advisors LLC boosted its holdings in Carlyle Secured Lending by 5.0% in the second quarter. Verdence Capital Advisors LLC now owns 29,152 shares of the company’s stock valued at $517,000 after purchasing an additional 1,400 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its stake 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 valued at $829,000 after buying an additional 1,400 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Carlyle Secured Lending by 8.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,150 shares of the company’s stock valued at $325,000 after buying an additional 1,546 shares during the period. Finally, Kimelman & Baird LLC purchased a new stake in shares of Carlyle Secured Lending in the second quarter worth about $35,000. Hedge funds and other institutional investors own 24.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CGBD shares. JPMorgan Chase & Co. cut Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 price target for the company. in a research report on Monday, July 29th. Wells Fargo & Company dropped 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 note on Thursday, November 7th.

Carlyle Secured Lending Price Performance

Shares of NASDAQ CGBD opened at $16.22 on Monday. The stock has a market capitalization of $825.76 million, a price-to-earnings ratio of 9.06 and a beta of 1.59. Carlyle Secured Lending, Inc. has a 12 month low of $14.64 and a 12 month high of $18.74. The firm’s 50 day simple moving average is $17.09 and its 200-day simple moving average is $17.37. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.11 and a quick ratio of 1.11.

Carlyle Secured Lending (NASDAQ:CGBD) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Carlyle Secured Lending had a net margin of 40.69% and a return on equity of 12.60%. The firm had revenue of $55.97 million for the quarter, compared to analysts’ expectations of $39.92 million. During the same quarter last year, the company earned $0.52 EPS. Analysts expect that Carlyle Secured Lending, Inc. will post 1.99 EPS for the current year.

Carlyle Secured Lending Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be paid a $0.45 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a yield of 11.10%. Carlyle Secured Lending’s dividend payout ratio is currently 89.39%.

Carlyle Secured Lending 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.