Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Short Interest Update

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) saw a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 347,200 shares, a decrease of 13.6% from the February 13th total of 401,900 shares. Based on an average trading volume of 222,400 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.8% of the shares of the company are short sold.

Carlyle Secured Lending Stock Up 0.1 %

NASDAQ CGBD opened at $17.20 on Friday. The stock’s 50-day moving average price is $17.77 and its 200-day moving average price is $17.46. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.99. Carlyle Secured Lending has a 52 week low of $15.01 and a 52 week high of $18.74. The company has a market capitalization of $876.46 million, a P/E ratio of 9.61 and a beta of 1.57.

Carlyle Secured Lending Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 9.30%. The ex-dividend date is Monday, March 24th. Carlyle Secured Lending’s dividend payout ratio (DPR) is currently 98.77%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CGBD. Bank of America downgraded Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 target price on the stock. in a report on Monday, February 10th. JPMorgan Chase & Co. increased their target price on Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company increased 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, January 29th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC raised its stake in shares of Carlyle Secured Lending by 30.9% in the third quarter. Jane Street Group LLC now owns 13,775 shares of the company’s stock worth $234,000 after buying an additional 3,249 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Carlyle Secured Lending during the third quarter worth about $492,000. Hager Investment Management Services LLC purchased a new stake in shares of Carlyle Secured Lending during the fourth quarter worth about $4,093,000. Franklin Resources Inc. purchased a new stake in shares of Carlyle Secured Lending during the third quarter worth about $585,000. Finally, Edge Capital Group LLC grew its position in shares of Carlyle Secured Lending by 470.2% during the fourth quarter. Edge Capital Group LLC now owns 64,518 shares of the company’s stock worth $1,157,000 after purchasing an additional 53,204 shares in the last quarter. Institutional investors own 24.51% of the company’s stock.

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.