Carlyle Secured Lending (NASDAQ:CGBD) Sets New 12-Month High at $17.10

Carlyle Secured Lending, Inc. (NASDAQ:CGBD)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $17.10 and last traded at $17.04, with a volume of 26685 shares trading hands. The stock had previously closed at $16.99.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Citigroup upped their target price on 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 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 note on Monday, January 29th.

Carlyle Secured Lending Price Performance

The firm has a market capitalization of $855.81 million, a PE ratio of 9.97 and a beta of 1.59. 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 50-day simple moving average of $16.19 and a 200-day simple moving average of $15.33.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its 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. Carlyle Secured Lending had a return on equity of 12.80% and a net margin of 38.19%. The business had revenue of $62.69 million for the quarter, compared to analysts’ expectations of $42.86 million. During the same period last year, the firm posted $0.48 earnings per share. As a group, equities analysts forecast that Carlyle Secured Lending, Inc. will post 2.05 earnings per share for the current year.

Carlyle Secured Lending Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, March 29th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 11.39%. The ex-dividend date was Wednesday, March 27th. This is an increase from Carlyle Secured Lending’s previous quarterly dividend of $0.44. Carlyle Secured Lending’s dividend payout ratio (DPR) is 94.67%.

Institutional Trading of Carlyle Secured Lending

Large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in shares of Carlyle Secured Lending by 327.2% in the 4th quarter. International Assets Investment Management LLC now owns 271,150 shares of the company’s stock worth $40,560,000 after purchasing an additional 207,685 shares during the period. LSV Asset Management raised its position in Carlyle Secured Lending by 8.6% during the 3rd quarter. LSV Asset Management now owns 1,683,463 shares of the company’s stock valued at $24,410,000 after purchasing an additional 133,376 shares in the last quarter. Raymond James & Associates raised its position in shares of Carlyle Secured Lending by 80.8% in the 4th quarter. Raymond James & Associates now owns 131,643 shares of the company’s stock worth $1,969,000 after acquiring an additional 58,841 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Carlyle Secured Lending by 166.6% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 81,929 shares of the company’s stock worth $1,334,000 after acquiring an additional 51,201 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new position in shares of Carlyle Secured Lending in the 4th quarter worth $656,000. Institutional investors own 24.51% of the company’s stock.

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.