EMC Capital Management Acquires 4,722 Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

EMC Capital Management boosted its holdings in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 56.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,021 shares of the company’s stock after acquiring an additional 4,722 shares during the quarter. EMC Capital Management’s holdings in Carlyle Secured Lending were worth $233,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CGBD. Novare Capital Management LLC increased its holdings in Carlyle Secured Lending by 0.5% in the fourth quarter. Novare Capital Management LLC now owns 178,705 shares of the company’s stock valued at $3,204,000 after purchasing an additional 900 shares during the period. Stifel Financial Corp increased its stake in shares of Carlyle Secured Lending by 3.6% in the third quarter. Stifel Financial Corp now owns 30,274 shares of the company’s stock valued at $514,000 after buying an additional 1,039 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of Carlyle Secured Lending by 5.0% during the third quarter. Rockefeller Capital Management L.P. now owns 31,058 shares of the company’s stock worth $527,000 after acquiring an additional 1,490 shares during the last quarter. Great Valley Advisor Group Inc. lifted its stake in shares of Carlyle Secured Lending by 12.9% in the third quarter. Great Valley Advisor Group Inc. now owns 13,165 shares of the company’s stock worth $223,000 after acquiring an additional 1,500 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Carlyle Secured Lending by 8.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,150 shares of the company’s stock valued at $325,000 after acquiring an additional 1,546 shares during the last quarter. 24.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wells Fargo & Company boosted their price target on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Wednesday.

Carlyle Secured Lending Trading Up 1.0 %

NASDAQ CGBD opened at $18.48 on Friday. Carlyle Secured Lending, Inc. has a one year low of $14.76 and a one year high of $18.74. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.11 and a quick ratio of 1.11. The business has a 50 day simple moving average of $17.88 and a 200 day simple moving average of $17.35. The stock has a market capitalization of $940.82 million, a P/E ratio of 10.32 and a beta of 1.57.

Carlyle Secured Lending (NASDAQ:CGBD) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $55.97 million during 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 in the previous year, the business posted $0.52 EPS. Research analysts expect 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 announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were paid a $0.45 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.80 annualized dividend and a dividend yield of 9.74%. Carlyle Secured Lending’s dividend payout ratio is presently 89.39%.

Carlyle Secured Lending 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.