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

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) saw a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 401,900 shares, a decrease of 25.9% from the January 31st total of 542,600 shares. Based on an average daily volume of 214,900 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.9% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CGBD. Bank of America downgraded 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. JPMorgan Chase & Co. boosted their price target on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company increased their price objective 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 Down 1.9 %

Shares of NASDAQ:CGBD traded down $0.33 on Tuesday, hitting $17.31. 251,210 shares of the company’s stock were exchanged, compared to its average volume of 211,762. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.11 and a current ratio of 1.11. Carlyle Secured Lending has a 1-year low of $15.01 and a 1-year high of $18.74. The company has a market capitalization of $882.07 million, a PE ratio of 9.67 and a beta of 1.57. The firm’s 50-day moving average is $18.04 and its 200 day moving average is $17.44.

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 issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 9.24%. The ex-dividend date of this dividend is Monday, March 24th. Carlyle Secured Lending’s dividend payout ratio (DPR) is 98.77%.

Institutional Trading of Carlyle Secured Lending

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aquatic Capital Management LLC grew its position in shares of Carlyle Secured Lending by 541.8% in the 4th quarter. Aquatic Capital Management LLC now owns 2,567 shares of the company’s stock valued at $46,000 after buying an additional 2,167 shares during the last quarter. Canton Hathaway LLC acquired a new position in Carlyle Secured Lending in the fourth quarter valued at $47,000. Lido Advisors LLC grew its holdings in shares of Carlyle Secured Lending by 12.3% during the fourth quarter. Lido Advisors LLC now owns 11,416 shares of the company’s stock worth $210,000 after purchasing an additional 1,247 shares during the last quarter. Great Valley Advisor Group Inc. increased its position 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 worth $223,000 after purchasing an additional 1,500 shares in the last quarter. Finally, EMC Capital Management lifted its holdings in shares of Carlyle Secured Lending by 56.9% in the 4th quarter. EMC Capital Management now owns 13,021 shares of the company’s stock valued at $233,000 after purchasing an additional 4,722 shares during the last quarter. Institutional investors and hedge funds own 24.51% of the company’s stock.

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.