Carlyle Secured Lending (NASDAQ:CGBD) Hits New 52-Week High at $17.94

Carlyle Secured Lending, Inc. (NASDAQ:CGBDGet Free Report)’s share price hit a new 52-week high on Monday . The stock traded as high as $17.94 and last traded at $17.87, with a volume of 14101 shares. The stock had previously closed at $17.83.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Citigroup increased their price target on Carlyle Secured Lending from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Wells Fargo & Company increased their target price on Carlyle Secured Lending from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th.

Check Out Our Latest Research Report on CGBD

Carlyle Secured Lending Trading Down 0.1 %

The stock has a market cap of $911.68 million, a P/E ratio of 10.50 and a beta of 1.56. The stock’s 50-day moving average is $16.71 and its two-hundred day moving average is $15.70. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.45 and a quick ratio of 1.45.

Carlyle Secured Lending (NASDAQ:CGBDGet Free Report) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. The business had revenue of $62.69 million for the quarter, compared to analysts’ expectations of $42.86 million. Carlyle Secured Lending had a net margin of 38.15% and a return on equity of 12.92%. During the same quarter in the previous year, the company earned $0.48 EPS. Equities research analysts anticipate that Carlyle Secured Lending, Inc. will post 2.05 EPS for the current year.

Carlyle Secured Lending Cuts Dividend

The company 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 dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 10.47%. The ex-dividend date of this dividend is Friday, June 28th. Carlyle Secured Lending’s payout ratio is presently 93.57%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CGBD. Quadrature Capital Ltd lifted its holdings in shares of Carlyle Secured Lending by 6.6% in the 1st quarter. Quadrature Capital Ltd now owns 41,039 shares of the company’s stock valued at $668,000 after acquiring an additional 2,533 shares during the last quarter. Advisors Asset Management Inc. raised its position in Carlyle Secured Lending by 4.6% during the first quarter. Advisors Asset Management Inc. now owns 265,325 shares of the company’s stock valued at $4,319,000 after purchasing an additional 11,573 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in shares of Carlyle Secured Lending by 13.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 46,578 shares of the company’s stock valued at $759,000 after purchasing an additional 5,500 shares during the last quarter. Kingsview Wealth Management LLC purchased a new position in shares of Carlyle Secured Lending in the 1st quarter worth approximately $171,000. Finally, Condor Capital Management boosted its holdings in shares of Carlyle Secured Lending by 7.9% in the 1st quarter. Condor Capital Management now owns 227,327 shares of the company’s stock worth $3,701,000 after purchasing an additional 16,714 shares during the period. 24.51% of the stock is owned by hedge funds and other institutional investors.

About Carlyle Secured Lending

(Get Free Report)

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.

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