Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Short Interest Down 13.6% in February

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

Carlyle Secured Lending Stock Up 0.6 %

Shares of CGBD traded up $0.11 during midday trading on Wednesday, reaching $17.13. 82,206 shares of the company were exchanged, compared to its average volume of 210,372. 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 has a 1-year low of $15.01 and a 1-year high of $18.74. The company has a market cap of $872.89 million, a price-to-earnings ratio of 9.57 and a beta of 1.57. The stock has a 50-day moving average price of $17.80 and a 200-day moving average price of $17.46.

Carlyle Secured Lending Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 9.34%. The ex-dividend date of this dividend is Monday, March 24th. Carlyle Secured Lending’s dividend payout ratio is presently 98.77%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Bank of America lowered shares of Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 price target on the stock. in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd.

Institutional Trading of Carlyle Secured Lending

Large investors have recently bought and sold shares of the company. Aquatic Capital Management LLC boosted its stake in shares of Carlyle Secured Lending by 541.8% in the fourth quarter. Aquatic Capital Management LLC now owns 2,567 shares of the company’s stock valued at $46,000 after purchasing an additional 2,167 shares during the period. Canton Hathaway LLC acquired a new position in Carlyle Secured Lending in the 4th quarter worth $47,000. Lido Advisors LLC boosted its position in Carlyle Secured Lending by 12.3% in the 4th quarter. Lido Advisors LLC now owns 11,416 shares of the company’s stock valued at $210,000 after buying an additional 1,247 shares during the last quarter. Great Valley Advisor Group Inc. grew its stake in shares of Carlyle Secured Lending by 12.9% during the third quarter. Great Valley Advisor Group Inc. now owns 13,165 shares of the company’s stock valued at $223,000 after acquiring an additional 1,500 shares in the last quarter. Finally, EMC Capital Management increased its position in shares of Carlyle Secured Lending by 56.9% during the fourth quarter. EMC Capital Management now owns 13,021 shares of the company’s stock worth $233,000 after acquiring an additional 4,722 shares during the last quarter. Institutional investors and hedge funds 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.