Brookstone Capital Management bought a new position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD – Get Rating) in the second quarter, Holdings Channel.com reports. The firm bought 62,637 shares of the company’s stock, valued at approximately $830,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in shares of Carlyle Secured Lending by 17.9% during the 4th quarter. Bank of America Corp DE now owns 162,063 shares of the company’s stock valued at $2,225,000 after buying an additional 24,575 shares during the last quarter. BNP Paribas Arbitrage SA purchased a new position in shares of Carlyle Secured Lending during the 4th quarter valued at about $225,000. PDT Partners LLC raised its stake in shares of Carlyle Secured Lending by 8.7% during the 4th quarter. PDT Partners LLC now owns 30,107 shares of the company’s stock valued at $413,000 after buying an additional 2,409 shares during the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of Carlyle Secured Lending by 7.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 623,609 shares of the company’s stock valued at $8,562,000 after buying an additional 43,039 shares during the last quarter. Finally, Cornerstone Advisory LLC raised its stake in shares of Carlyle Secured Lending by 17.0% during the 4th quarter. Cornerstone Advisory LLC now owns 44,430 shares of the company’s stock valued at $610,000 after buying an additional 6,449 shares during the last quarter. Hedge funds and other institutional investors own 22.34% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on CGBD. Wells Fargo & Company lifted their price objective on Carlyle Secured Lending from $13.00 to $13.50 and gave the company an “equal weight” rating in a research note on Thursday, August 11th. JPMorgan Chase & Co. cut Carlyle Secured Lending from an “overweight” rating to a “neutral” rating and set a $14.50 target price on the stock. in a research report on Tuesday, September 6th.
Insider Buying and Selling
Carlyle Secured Lending Trading Down 3.5 %
CGBD stock opened at $13.10 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. Carlyle Secured Lending, Inc. has a 12-month low of $12.14 and a 12-month high of $14.96. The stock has a market cap of $679.29 million, a price-to-earnings ratio of 6.62 and a beta of 1.62. The business’s 50-day moving average is $13.86 and its 200 day moving average is $13.95.
Carlyle Secured Lending (NASDAQ:CGBD – Get Rating) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. Carlyle Secured Lending had a return on equity of 10.40% and a net margin of 65.03%. The company had revenue of $35.99 million for the quarter, compared to analysts’ expectations of $33.90 million. On average, sell-side analysts anticipate that Carlyle Secured Lending, Inc. will post 1.71 EPS for the current fiscal year.
Carlyle Secured Lending Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 12.21%. This is a boost from Carlyle Secured Lending’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, September 29th. Carlyle Secured Lending’s payout ratio is presently 64.65%.
Carlyle Secured Lending Profile
TCG BDC, 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.
- Get a free copy of the StockNews.com research report on Carlyle Secured Lending (CGBD)
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