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

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

Hedge Funds Weigh In On Carlyle Secured Lending

Several institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. grew its stake in shares of Carlyle Secured Lending by 7.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 265,982 shares of the company’s stock valued at $4,514,000 after purchasing an additional 17,434 shares during the last quarter. Great Valley Advisor Group Inc. lifted its holdings 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 during the period. Fisher Asset Management LLC acquired a new stake in shares of Carlyle Secured Lending during the third quarter worth $378,000. Rockefeller Capital Management L.P. grew its position in Carlyle Secured Lending by 5.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 31,058 shares of the company’s stock valued at $527,000 after buying an additional 1,490 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in Carlyle Secured Lending by 3.6% in the 3rd 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. Institutional investors and hedge funds own 24.51% of the company’s stock.

Carlyle Secured Lending Stock Up 0.9 %

CGBD stock opened at $17.18 on Thursday. Carlyle Secured Lending has a 12 month low of $15.01 and a 12 month 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 company has a market cap of $875.44 million, a price-to-earnings ratio of 9.60 and a beta of 1.57. The company has a fifty day moving average price of $17.78 and a 200 day moving average price of $17.46.

Carlyle Secured Lending Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.60 annualized dividend and a dividend yield of 9.31%. Carlyle Secured Lending’s dividend payout ratio (DPR) is 98.77%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CGBD shares. Bank of America cut shares of Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 target price for the company. in a report on Monday, February 10th. JPMorgan Chase & Co. upped their price objective on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “underweight” rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company lifted 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.

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.