Stifel Financial Corp Acquires 1,039 Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Stifel Financial Corp grew its holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 3.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,274 shares of the company’s stock after purchasing an additional 1,039 shares during the quarter. Stifel Financial Corp owned about 0.06% of Carlyle Secured Lending worth $514,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Private Advisor Group LLC acquired a new position in Carlyle Secured Lending during the 3rd quarter worth about $235,000. Condor Capital Management lifted 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 purchasing an additional 36,984 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Carlyle Secured Lending by 8.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,150 shares of the company’s stock valued at $325,000 after purchasing an additional 1,546 shares during the last quarter. Kimelman & Baird LLC acquired a new stake in shares of Carlyle Secured Lending in the second quarter valued at approximately $35,000. Finally, International Assets Investment Management LLC raised its position in Carlyle Secured Lending by 1,597.0% in the 3rd quarter. International Assets Investment Management LLC now owns 307,581 shares of the company’s stock worth $52,200,000 after purchasing an additional 289,456 shares during the last quarter. Institutional investors own 24.51% of the company’s stock.

Analyst Ratings Changes

Separately, Wells Fargo & Company lowered 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 note on Thursday, November 7th.

Carlyle Secured Lending Price Performance

Shares of CGBD stock opened at $18.16 on Friday. The firm’s 50 day moving average price is $17.21 and its two-hundred day moving average price is $17.32. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.11 and a current ratio of 1.11. Carlyle Secured Lending, Inc. has a 52-week low of $14.76 and a 52-week high of $18.74. The stock has a market cap of $924.45 million, a PE ratio of 10.15 and a beta of 1.59.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $55.97 million for the quarter, compared to the consensus estimate of $39.92 million. Carlyle Secured Lending had a net margin of 40.69% and a return on equity of 12.60%. During the same period last year, the company posted $0.52 EPS. As a group, analysts forecast that Carlyle Secured Lending, Inc. will post 1.98 EPS for the current year.

Carlyle Secured Lending Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 9.91%. The ex-dividend date of this dividend is Tuesday, December 31st. Carlyle Secured Lending’s dividend payout ratio (DPR) is 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.