Hager Investment Management Services LLC Makes New $4.09 Million Investment in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Hager Investment Management Services LLC purchased a new position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 228,267 shares of the company’s stock, valued at approximately $4,093,000. Carlyle Secured Lending accounts for about 2.6% of Hager Investment Management Services LLC’s portfolio, making the stock its 10th biggest position. Hager Investment Management Services LLC owned about 0.45% of Carlyle Secured Lending as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its holdings in shares of Carlyle Secured Lending by 1,597.0% in the third quarter. International Assets Investment Management LLC now owns 307,581 shares of the company’s stock valued at $52,200,000 after buying an additional 289,456 shares during the period. GFS Advisors LLC acquired a new stake in shares of Carlyle Secured Lending in the fourth quarter valued at $891,000. Franklin Resources Inc. acquired a new stake in shares of Carlyle Secured Lending in the third quarter valued at $585,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Carlyle Secured Lending in the third quarter valued at $492,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Carlyle Secured Lending in the second quarter valued at $385,000. Institutional investors and hedge funds own 24.51% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CGBD shares. JPMorgan Chase & Co. upped their price objective on Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “underweight” rating in a report on Monday. Wells Fargo & Company boosted their target price on Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th.

Carlyle Secured Lending Stock Down 0.2 %

Shares of Carlyle Secured Lending stock opened at $18.47 on Wednesday. The firm has a market capitalization of $940.31 million, a PE ratio of 10.32 and a beta of 1.57. Carlyle Secured Lending, Inc. has a 12-month low of $14.76 and a 12-month high of $18.74. 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 stock’s fifty day moving average is $17.97 and its 200-day moving average is $17.34.

Carlyle Secured Lending (NASDAQ:CGBD) last posted its quarterly earnings results 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 firm had revenue of $55.97 million for the quarter, compared to analyst estimates of $39.92 million. Carlyle Secured Lending had a return on equity of 12.60% and a net margin of 40.69%. During the same period in the previous year, the firm earned $0.52 earnings per share. Equities analysts anticipate that Carlyle Secured Lending, Inc. will post 1.98 earnings per share for the current year.

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.