Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Shares Sold by LSV Asset Management

LSV Asset Management reduced its position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 5.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,598,663 shares of the company’s stock after selling 84,800 shares during the quarter. LSV Asset Management’s holdings in Carlyle Secured Lending were worth $23,916,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. One Capital Management LLC acquired a new stake in Carlyle Secured Lending during the third quarter worth about $145,000. Jump Financial LLC raised its holdings in Carlyle Secured Lending by 9.3% in the third quarter. Jump Financial LLC now owns 11,700 shares of the company’s stock valued at $170,000 after buying an additional 1,000 shares during the period. Commonwealth Equity Services LLC raised its holdings in Carlyle Secured Lending by 28.7% in the third quarter. Commonwealth Equity Services LLC now owns 21,381 shares of the company’s stock valued at $310,000 after buying an additional 4,770 shares during the period. SG Americas Securities LLC acquired a new position in shares of Carlyle Secured Lending during the 4th quarter valued at $319,000. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of Carlyle Secured Lending in the third quarter worth about $342,000. 24.51% of the stock is currently owned by hedge funds and other institutional investors.

Carlyle Secured Lending Price Performance

Shares of NASDAQ:CGBD opened at $17.58 on Tuesday. The company has a market cap of $892.89 million, a PE ratio of 10.40 and a beta of 1.56. Carlyle Secured Lending, Inc. has a fifty-two week low of $13.12 and a fifty-two week high of $17.58. The firm has a 50-day simple moving average of $16.49 and a 200 day simple moving average of $15.51. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.14.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The business had revenue of $62.69 million for the quarter, compared to analysts’ expectations of $42.86 million. Carlyle Secured Lending had a return on equity of 12.80% and a net margin of 38.19%. During the same period in the prior year, the firm earned $0.48 EPS. On average, sell-side analysts anticipate that Carlyle Secured Lending, Inc. will post 2.05 EPS for the current year.

Carlyle Secured Lending Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th were given a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from Carlyle Secured Lending’s previous quarterly dividend of $0.44. This represents a $1.92 annualized dividend and a yield of 10.92%. Carlyle Secured Lending’s dividend payout ratio (DPR) is currently 94.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Carlyle Secured Lending from $14.00 to $15.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Citigroup lifted their target price on Carlyle Secured Lending from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th.

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.