Raymond James Financial Services Advisors Inc. Sells 3,909 Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Raymond James Financial Services Advisors Inc. cut its holdings in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 6.7% during the 4th quarter, Holdings Channel reports. The firm owned 54,593 shares of the company’s stock after selling 3,909 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Carlyle Secured Lending were worth $817,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Morgan Stanley increased its holdings in shares of Carlyle Secured Lending by 0.6% during the third quarter. Morgan Stanley now owns 1,886,878 shares of the company’s stock worth $27,360,000 after purchasing an additional 10,560 shares during the period. LSV Asset Management increased its holdings in shares of Carlyle Secured Lending by 8.6% during the third quarter. LSV Asset Management now owns 1,683,463 shares of the company’s stock worth $24,410,000 after purchasing an additional 133,376 shares during the period. Millennium Management LLC boosted its position in shares of Carlyle Secured Lending by 1,901.2% during the 4th quarter. Millennium Management LLC now owns 803,003 shares of the company’s stock worth $11,491,000 after acquiring an additional 762,877 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of Carlyle Secured Lending by 31.7% during the 4th quarter. Two Sigma Investments LP now owns 488,908 shares of the company’s stock worth $6,996,000 after acquiring an additional 117,543 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of Carlyle Secured Lending by 11.3% during the 3rd quarter. BlackRock Inc. now owns 441,642 shares of the company’s stock worth $5,052,000 after acquiring an additional 44,782 shares in the last quarter. 24.51% of the stock is owned by institutional investors.

Carlyle Secured Lending Stock Performance

Shares of Carlyle Secured Lending stock opened at $16.39 on Wednesday. Carlyle Secured Lending, Inc. has a fifty-two week low of $13.12 and a fifty-two week high of $16.64. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $832.45 million, a P/E ratio of 9.70 and a beta of 1.60. The company’s 50 day moving average price is $15.97 and its two-hundred day moving average price is $15.21.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its earnings results on Monday, February 26th. The company reported $0.52 earnings per share 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 firm had revenue of $62.69 million for the quarter, compared to analyst estimates of $42.86 million. During the same quarter last year, the business posted $0.48 earnings per share. On average, equities analysts forecast that Carlyle Secured Lending, Inc. will post 2.03 earnings per share for the current fiscal year.

Carlyle Secured Lending Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th will be given a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.92 dividend on an annualized basis and a yield of 11.71%. This is a positive change from Carlyle Secured Lending’s previous quarterly dividend of $0.44. Carlyle Secured Lending’s dividend payout ratio (DPR) is currently 94.67%.

Analysts Set New Price Targets

CGBD has been the topic of several analyst reports. Wells Fargo & Company increased their price target on shares of 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. Citigroup increased their price target on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th.

Carlyle Secured Lending 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.