HighTower Advisors LLC Increases Position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

HighTower Advisors LLC lifted its holdings in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,065 shares of the company’s stock after acquiring an additional 1,373 shares during the quarter. HighTower Advisors LLC owned 0.15% of Carlyle Secured Lending worth $1,346,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CGBD. Canton Hathaway LLC bought a new stake in shares of Carlyle Secured Lending in the 4th quarter worth approximately $47,000. Great Valley Advisor Group Inc. increased its position in Carlyle Secured Lending by 12.9% in the third quarter. Great Valley Advisor Group Inc. now owns 13,165 shares of the company’s stock worth $223,000 after buying an additional 1,500 shares during the last quarter. EMC Capital Management raised its stake in shares of Carlyle Secured Lending by 56.9% in the fourth quarter. EMC Capital Management now owns 13,021 shares of the company’s stock valued at $233,000 after buying an additional 4,722 shares during the period. Jane Street Group LLC lifted its position in shares of Carlyle Secured Lending by 30.9% during the 3rd quarter. Jane Street Group LLC now owns 13,775 shares of the company’s stock valued at $234,000 after buying an additional 3,249 shares during the last quarter. Finally, Round Rock Advisors LLC bought a new position in shares of Carlyle Secured Lending during the 4th quarter worth $333,000. 24.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CGBD has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Bank of America cut shares of 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. Finally, Wells Fargo & Company lifted their price target on Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th.

Carlyle Secured Lending Price Performance

Carlyle Secured Lending stock opened at $16.68 on Wednesday. The stock has a market cap of $849.96 million, a price-to-earnings ratio of 9.32 and a beta of 1.57. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.99. The business has a 50-day simple moving average of $17.71 and a 200 day simple moving average of $17.46. Carlyle Secured Lending, Inc. has a 52 week low of $15.01 and a 52 week high of $18.74.

Carlyle Secured Lending Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 9.59%. The ex-dividend date of this dividend is Monday, March 24th. Carlyle Secured Lending’s payout ratio is 98.77%.

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.