Franklin Resources Inc. Purchases Shares of 33,889 Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Franklin Resources Inc. acquired a new position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 33,889 shares of the company’s stock, valued at approximately $585,000. Franklin Resources Inc. owned 0.07% of Carlyle Secured Lending as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Raymond James & Associates grew its holdings in Carlyle Secured Lending by 3.6% during 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. Commonwealth Equity Services LLC raised its position in shares of Carlyle Secured Lending by 52.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 31,490 shares of the company’s stock valued at $559,000 after buying an additional 10,852 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Carlyle Secured Lending in the 2nd quarter valued at about $53,000. Bright Futures Wealth Management LLC. grew its position in Carlyle Secured Lending by 4.6% in the second quarter. Bright Futures Wealth Management LLC. now owns 56,079 shares of the company’s stock worth $948,000 after acquiring an additional 2,473 shares in the last quarter. Finally, Condor Capital Management raised its position in Carlyle Secured Lending by 16.3% during the second quarter. Condor Capital Management now owns 264,311 shares of the company’s stock valued at $4,689,000 after purchasing an additional 36,984 shares during the period. Institutional investors own 24.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company lowered their price target on Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th.

Carlyle Secured Lending Trading Down 0.1 %

CGBD opened at $18.26 on Tuesday. Carlyle Secured Lending, Inc. has a one year low of $14.76 and a one year high of $18.74. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market cap of $929.54 million, a price-to-earnings ratio of 10.20 and a beta of 1.59. The stock’s 50 day moving average price is $17.23 and its 200-day moving average price is $17.31.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its 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. The firm had revenue of $55.97 million during the quarter, compared to analyst estimates 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 in the previous year, the firm earned $0.52 earnings per share. On average, equities analysts forecast that Carlyle Secured Lending, Inc. will post 1.98 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. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 9.86%. The ex-dividend date of this dividend is Tuesday, December 31st. Carlyle Secured Lending’s dividend payout ratio is presently 89.39%.

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.