Truist Financial Corp Increases Stock Position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Truist Financial Corp lifted its position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,610 shares of the company’s stock after acquiring an additional 1,812 shares during the quarter. Truist Financial Corp owned 0.28% of Carlyle Secured Lending worth $2,104,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Jump Financial LLC boosted its position in Carlyle Secured Lending by 9.3% during the third quarter. Jump Financial LLC now owns 11,700 shares of the company’s stock worth $170,000 after purchasing an additional 1,000 shares in the last quarter. Raymond James & Associates lifted its position in shares of Carlyle Secured Lending by 1.4% during the 3rd quarter. Raymond James & Associates now owns 72,802 shares of the company’s stock valued at $1,056,000 after buying an additional 1,025 shares in the last quarter. Pathstone Family Office LLC grew its stake in Carlyle Secured Lending by 1.9% in the 3rd quarter. Pathstone Family Office LLC now owns 66,623 shares of the company’s stock valued at $966,000 after acquiring an additional 1,226 shares during the period. HighTower Advisors LLC grew its stake in Carlyle Secured Lending by 1.3% in the 3rd quarter. HighTower Advisors LLC now owns 155,013 shares of the company’s stock valued at $2,245,000 after acquiring an additional 2,025 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in Carlyle Secured Lending by 6.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 58,502 shares of the company’s stock worth $848,000 after acquiring an additional 3,641 shares in the last quarter. 24.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Carlyle Secured Lending Trading Up 1.9 %

Shares of CGBD stock opened at $17.85 on Friday. Carlyle Secured Lending, Inc. has a fifty-two week low of $13.12 and a fifty-two week high of $17.85. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.22 and a current ratio of 1.22. The stock’s fifty day moving average is $16.58 and its two-hundred day moving average is $15.57. 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 issued its earnings results on Monday, February 26th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Carlyle Secured Lending had a net margin of 38.19% and a return on equity of 12.80%. The business had revenue of $62.69 million during the quarter, compared to analysts’ expectations of $42.86 million. During the same period in the prior year, the business earned $0.48 earnings per share. Research analysts expect that Carlyle Secured Lending, Inc. will post 2.05 earnings per share for the current fiscal year.

Carlyle Secured Lending Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 10.53%. The ex-dividend date is Friday, June 28th. Carlyle Secured Lending’s dividend payout ratio is currently 93.57%.

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.