Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Position Boosted by Herbst Group LLC

Herbst Group LLC lifted its position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 4.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 127,180 shares of the company’s stock after acquiring an additional 5,120 shares during the quarter. Herbst Group LLC owned approximately 0.25% of Carlyle Secured Lending worth $2,280,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Kimelman & Baird LLC bought a new stake in shares of Carlyle Secured Lending in the 2nd quarter worth approximately $35,000. Northwestern Mutual Wealth Management Co. bought a new position in Carlyle Secured Lending in the 2nd quarter valued at $52,000. Magnetar Financial LLC bought a new stake in Carlyle Secured Lending during the 2nd quarter worth about $189,000. Great Valley Advisor Group Inc. raised its position in Carlyle Secured Lending by 12.9% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 13,165 shares of the company’s stock worth $223,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Jane Street Group LLC increased its position in 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 purchasing an additional 3,249 shares during the period. 24.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Carlyle Secured Lending Trading Up 0.5 %

Shares of CGBD stock opened at $18.46 on Friday. 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 company has a market capitalization of $939.80 million, a PE ratio of 10.31 and a beta of 1.57. The firm has a 50 day moving average price of $17.53 and a two-hundred day moving average price of $17.33. Carlyle Secured Lending, Inc. has a 12-month low of $14.76 and a 12-month high of $18.74.

Carlyle Secured Lending (NASDAQ:CGBD) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. The business 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 last year, the business posted $0.52 EPS. As a group, analysts predict that Carlyle Secured Lending, Inc. will post 1.98 earnings per share for the current year.

Carlyle Secured Lending Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 9.75%. The ex-dividend date was Tuesday, December 31st. Carlyle Secured Lending’s dividend payout ratio (DPR) 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.