Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 8.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,150 shares of the company’s stock after purchasing an additional 1,546 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Carlyle Secured Lending were worth $325,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Kimelman & Baird LLC acquired a new position in Carlyle Secured Lending during the 2nd quarter worth $35,000. Northwestern Mutual Wealth Management Co. acquired a new position in Carlyle Secured Lending during the 2nd quarter worth $52,000. nVerses Capital LLC acquired a new position in Carlyle Secured Lending during the 2nd quarter worth $53,000. Kingsview Wealth Management LLC acquired a new position in Carlyle Secured Lending during the 1st quarter worth $171,000. Finally, Magnetar Financial LLC acquired a new position in Carlyle Secured Lending during the 2nd quarter worth $189,000. 24.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Wells Fargo & Company decreased their price objective on shares of Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday. JPMorgan Chase & Co. downgraded shares of Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 price objective on the stock. in a research report on Monday, July 29th.

Carlyle Secured Lending Stock Down 0.7 %

CGBD stock opened at $16.47 on Monday. Carlyle Secured Lending, Inc. has a 52 week low of $14.14 and a 52 week high of $18.74. The company has a market capitalization of $838.42 million, a price-to-earnings ratio of 9.20 and a beta of 1.59. The firm’s 50-day moving average is $17.14 and its two-hundred day moving average is $17.39. The company has a current ratio of 1.11, a quick ratio of 1.85 and a debt-to-equity ratio of 0.99.

Carlyle Secured Lending (NASDAQ:CGBD) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Carlyle Secured Lending had a net margin of 40.69% and a return on equity of 12.60%. The company had revenue of $55.97 million for the quarter, compared to the consensus estimate of $39.92 million. During the same period in the previous year, the firm earned $0.52 EPS. On average, analysts forecast that Carlyle Secured Lending, Inc. will post 1.96 earnings per share for the current fiscal year.

Carlyle Secured Lending Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.93%. Carlyle Secured Lending’s dividend payout ratio (DPR) is 89.39%.

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.