Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 71.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,500 shares of the company’s stock after selling 53,100 shares during the quarter. JPMorgan Chase & Co.’s holdings in Carlyle Secured Lending were worth $365,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC increased 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 valued at $52,200,000 after acquiring an additional 289,456 shares during the period. Advisors Asset Management Inc. boosted its stake in Carlyle Secured Lending by 7.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 265,982 shares of the company’s stock worth $4,514,000 after purchasing an additional 17,434 shares during the period. Herbst Group LLC acquired a new position in shares of Carlyle Secured Lending in the 3rd quarter valued at about $2,071,000. Hennion & Walsh Asset Management Inc. boosted its position in Carlyle Secured Lending by 2.2% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 120,911 shares of the company’s stock valued at $2,052,000 after purchasing an additional 2,570 shares during the last quarter. Finally, BluePointe Capital Management LLC grew its stake in shares of Carlyle Secured Lending by 4.8% in the 3rd quarter. BluePointe Capital Management LLC now owns 58,273 shares of the company’s stock valued at $1,020,000 after buying an additional 2,691 shares in the last quarter. 24.51% of the stock is owned by institutional investors.

Carlyle Secured Lending Trading Down 1.3 %

Shares of CGBD stock opened at $18.30 on Thursday. The firm’s fifty day simple moving average is $17.85 and its 200 day simple moving average is $17.34. The firm has a market capitalization of $931.58 million, a P/E ratio of 10.22 and a beta of 1.57. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.99. Carlyle Secured Lending, Inc. has a 1 year low of $14.76 and a 1 year high of $18.74.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. The firm had revenue of $55.97 million for 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 quarter in the previous year, the firm posted $0.52 EPS. As a group, sell-side analysts predict that Carlyle Secured Lending, Inc. will post 1.98 EPS for the current year.

Carlyle Secured Lending Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.80 annualized dividend and a yield of 9.84%. Carlyle Secured Lending’s dividend payout ratio is 89.39%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company raised their target price on Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Wednesday.

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.