Fifth Third Bancorp Invests $1.09 Million in Carlyle Secured Lending, Inc. $CGBD

Fifth Third Bancorp bought a new position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 99,557 shares of the company’s stock, valued at approximately $1,089,000. Fifth Third Bancorp owned 0.14% of Carlyle Secured Lending at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. increased its stake in Carlyle Secured Lending by 24.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 519,735 shares of the company’s stock worth $6,491,000 after acquiring an additional 101,242 shares during the last quarter. Samalin Investment Counsel LLC purchased a new position in shares of Carlyle Secured Lending in the 4th quarter worth about $1,217,000. Muzinich & Co. Inc. lifted its stake in shares of Carlyle Secured Lending by 47.3% in the 4th quarter. Muzinich & Co. Inc. now owns 736,442 shares of the company’s stock valued at $9,198,000 after purchasing an additional 236,524 shares in the last quarter. TrueMark Investments LLC lifted its stake in shares of Carlyle Secured Lending by 517.5% in the 4th quarter. TrueMark Investments LLC now owns 111,844 shares of the company’s stock valued at $1,397,000 after purchasing an additional 93,731 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Carlyle Secured Lending during the 1st quarter worth about $1,657,000. Institutional investors and hedge funds own 24.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CGBD shares. B. Riley Financial reissued a “buy” rating on shares of Carlyle Secured Lending in a research report on Tuesday, May 12th. Wells Fargo & Company cut their price target on shares of Carlyle Secured Lending from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $12.50.

Carlyle Secured Lending Stock Up 0.3%

Shares of NASDAQ CGBD opened at $10.04 on Friday. Carlyle Secured Lending, Inc. has a 12-month low of $9.98 and a 12-month high of $14.32. The company has a market cap of $697.78 million, a P/E ratio of 14.14 and a beta of 0.62. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.24. The stock has a fifty day moving average price of $10.69 and a 200 day moving average price of $11.33.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Carlyle Secured Lending had a return on equity of 8.99% and a net margin of 19.52%.The company had revenue of $64.08 million for the quarter, compared to analysts’ expectations of $65.78 million. Research analysts anticipate that Carlyle Secured Lending, Inc. will post 1.35 EPS for the current fiscal year.

Carlyle Secured Lending Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Tuesday, June 30th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 13.9%. The ex-dividend date was Tuesday, June 30th. Carlyle Secured Lending’s dividend payout ratio (DPR) is presently 197.18%.

Carlyle Secured Lending Profile

Carlyle Secured Lending, Inc (NASDAQ: CGBD) is a closed-end, non-diversified business development company that provides customized debt financing solutions to middle-market companies. Chartered under the Investment Company Act of 1940, the company invests primarily in floating-rate senior secured loans, including first-lien, unitranche and one-stop structures. Its objective is to generate current income and capital appreciation through disciplined credit selection and active portfolio management.

The firm focuses on U.S.