Axxcess Wealth Management LLC Trims Stock Position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Axxcess Wealth Management LLC trimmed its holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 25.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,573 shares of the company’s stock after selling 6,000 shares during the period. Axxcess Wealth Management LLC’s holdings in Carlyle Secured Lending were worth $263,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CGBD. One Capital Management LLC purchased a new stake in Carlyle Secured Lending in the third quarter valued at approximately $145,000. Jump Financial LLC grew its stake in shares of Carlyle Secured Lending by 9.3% during the 3rd 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 increased its holdings in shares of Carlyle Secured Lending by 28.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 21,381 shares of the company’s stock worth $310,000 after buying an additional 4,770 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Carlyle Secured Lending in the 4th quarter worth about $319,000. Finally, WINTON GROUP Ltd purchased a new position in Carlyle Secured Lending in the third quarter valued at approximately $374,000. Hedge funds and other institutional investors own 24.51% of the company’s stock.

Carlyle Secured Lending Trading Up 1.9 %

CGBD opened at $17.85 on Friday. The firm’s 50 day moving average is $16.58 and its 200-day moving average is $15.57. Carlyle Secured Lending, Inc. has a 52-week low of $13.12 and a 52-week high of $17.85. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $906.69 million, a P/E ratio of 10.44 and a beta of 1.56.

Carlyle Secured Lending (NASDAQ:CGBD) last released its quarterly earnings results on Monday, February 26th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. The firm had revenue of $62.69 million for the quarter, compared to the consensus estimate of $42.86 million. Carlyle Secured Lending had a net margin of 38.19% and a return on equity of 12.80%. During the same quarter in the previous year, the firm posted $0.48 EPS. Analysts expect that Carlyle Secured Lending, Inc. will post 2.05 EPS for the current fiscal year.

Carlyle Secured Lending Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Friday, June 28th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 10.53%. The ex-dividend date of this dividend is Friday, June 28th. Carlyle Secured Lending’s dividend payout ratio (DPR) is 93.57%.

Analysts Set New Price Targets

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

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.