Wells Fargo & Company MN Acquires 2,893 Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Wells Fargo & Company MN grew its holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 10.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,778 shares of the company’s stock after purchasing an additional 2,893 shares during the period. Wells Fargo & Company MN owned about 0.06% of Carlyle Secured Lending worth $570,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in CGBD. Canton Hathaway LLC bought a new stake in Carlyle Secured Lending during the 4th quarter valued at about $47,000. EMC Capital Management increased its position in shares of Carlyle Secured Lending by 56.9% during the fourth quarter. EMC Capital Management now owns 13,021 shares of the company’s stock worth $233,000 after acquiring an additional 4,722 shares during the period. Jane Street Group LLC raised its stake in shares of Carlyle Secured Lending by 30.9% during the third quarter. Jane Street Group LLC now owns 13,775 shares of the company’s stock valued at $234,000 after acquiring an additional 3,249 shares in the last quarter. Round Rock Advisors LLC purchased a new stake in shares of Carlyle Secured Lending in the fourth quarter valued at approximately $333,000. Finally, JPMorgan Chase & Co. grew its stake in Carlyle Secured Lending by 37.8% in the fourth quarter. JPMorgan Chase & Co. now owns 29,629 shares of the company’s stock worth $531,000 after purchasing an additional 8,129 shares in the last quarter. 24.51% of the stock is currently owned by institutional investors.

Carlyle Secured Lending Stock Performance

Shares of NASDAQ:CGBD opened at $14.70 on Friday. The firm has a 50 day moving average of $15.77 and a 200 day moving average of $16.98. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $749.07 million, a price-to-earnings ratio of 8.21 and a beta of 1.22. Carlyle Secured Lending, Inc. has a 52 week low of $13.12 and a 52 week high of $18.74.

Carlyle Secured Lending Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.88%. The ex-dividend date was Monday, March 24th. Carlyle Secured Lending’s dividend payout ratio (DPR) is currently 98.77%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CGBD. Wells Fargo & Company decreased their target price on Carlyle Secured Lending from $17.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, April 28th. Bank of America downgraded Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 price objective for the company. in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Carlyle Secured Lending from $17.00 to $14.00 and set an “underweight” rating on the stock in a report on Thursday, April 24th.

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.