Raymond James Financial Inc. Purchases Shares of 179,764 Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Raymond James Financial Inc. acquired a new position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 179,764 shares of the company’s stock, valued at approximately $3,223,000. Raymond James Financial Inc. owned approximately 0.35% of Carlyle Secured Lending as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CGBD. Verdence Capital Advisors LLC grew its holdings in Carlyle Secured Lending by 10.8% during the 4th quarter. Verdence Capital Advisors LLC now owns 32,302 shares of the company’s stock worth $579,000 after acquiring an additional 3,150 shares in the last quarter. Canton Hathaway LLC acquired a new position in shares of Carlyle Secured Lending during the fourth quarter worth $47,000. Edge Capital Group LLC raised its stake in Carlyle Secured Lending by 470.2% in the fourth quarter. Edge Capital Group LLC now owns 64,518 shares of the company’s stock valued at $1,157,000 after buying an additional 53,204 shares in the last quarter. Global Retirement Partners LLC raised its stake in Carlyle Secured Lending by 3.5% in the fourth quarter. Global Retirement Partners LLC now owns 50,093 shares of the company’s stock valued at $898,000 after buying an additional 1,679 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its holdings in Carlyle Secured Lending by 53.1% during the 4th quarter. Apollon Wealth Management LLC now owns 30,386 shares of the company’s stock worth $545,000 after buying an additional 10,538 shares during the last quarter. 24.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CGBD has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Bank of America downgraded shares of Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 price objective for the company. in a research report on Monday, February 10th. Finally, Wells Fargo & Company increased their target price on shares of 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 Stock Up 0.4 %

Shares of NASDAQ CGBD opened at $16.91 on Friday. The stock has a market cap of $861.68 million, a PE ratio of 9.45 and a beta of 1.57. Carlyle Secured Lending, Inc. has a 52-week low of $15.01 and a 52-week high of $18.74. The business has a 50-day moving average price of $17.66 and a 200 day moving average price of $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 Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be given a $0.40 dividend. The ex-dividend date is Monday, March 24th. This represents a $1.60 annualized dividend and a yield of 9.46%. Carlyle Secured Lending’s dividend payout ratio (DPR) is 98.77%.

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.