Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Holdings Decreased by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. reduced its stake in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 7.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 252,247 shares of the company’s stock after selling 20,266 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Carlyle Secured Lending were worth $3,774,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CGBD. U.S. Capital Wealth Advisors LLC grew its stake in Carlyle Secured Lending by 12.6% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 45,331 shares of the company’s stock worth $657,000 after buying an additional 5,061 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in 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. Cambridge Investment Research Advisors Inc. grew its stake in Carlyle Secured Lending by 35.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 26,270 shares of the company’s stock worth $381,000 after buying an additional 6,912 shares during the last quarter. Raymond James & Associates grew its stake in Carlyle Secured Lending by 1.4% during the 3rd quarter. Raymond James & Associates now owns 72,802 shares of the company’s stock worth $1,056,000 after buying an additional 1,025 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in Carlyle Secured Lending by 6.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 58,502 shares of the company’s stock worth $848,000 after buying an additional 3,641 shares during the last quarter. 24.51% of the stock is currently owned by institutional investors.

Carlyle Secured Lending Trading Up 1.2 %

NASDAQ:CGBD opened at $16.99 on Wednesday. Carlyle Secured Lending, Inc. has a 1 year low of $13.12 and a 1 year high of $17.01. The stock has a market cap of $862.92 million, a price-to-earnings ratio of 10.05 and a beta of 1.60. The business has a fifty day moving average of $16.11 and a 200-day moving average of $15.29. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.22 and a current ratio of 1.22.

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 company had revenue of $62.69 million during the quarter, compared to analysts’ expectations of $42.86 million. Carlyle Secured Lending had a return on equity of 12.80% and a net margin of 38.19%. During the same quarter in the prior year, the business posted $0.48 earnings per share. Equities analysts predict that Carlyle Secured Lending, Inc. will post 2.05 earnings per share for the current year.

Carlyle Secured Lending Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th were issued a $0.48 dividend. This is a positive change from Carlyle Secured Lending’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.92 annualized dividend and a dividend yield of 11.30%. Carlyle Secured Lending’s dividend payout ratio is 94.67%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Citigroup upped their price objective 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 price target 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.