Alpine Global Management LLC Purchases Shares of 250,609 Carlyle Secured Lending, Inc. $CGBD

Alpine Global Management LLC bought a new stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) during the third quarter, according to its most recent filing with the SEC. The firm bought 250,609 shares of the company’s stock, valued at approximately $3,133,000. Alpine Global Management LLC owned about 0.49% of Carlyle Secured Lending at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Rossby Financial LCC bought a new position in Carlyle Secured Lending during the third quarter worth $25,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Carlyle Secured Lending by 71.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,630 shares of the company’s stock worth $36,000 after buying an additional 1,100 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Carlyle Secured Lending during the third quarter worth $37,000. Tower Research Capital LLC TRC increased its position in shares of Carlyle Secured Lending by 1,011.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,313 shares of the company’s stock worth $59,000 after purchasing an additional 3,925 shares in the last quarter. Finally, Security National Bank acquired a new stake in shares of Carlyle Secured Lending during the third quarter worth approximately $64,000. 24.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. cut their price target on Carlyle Secured Lending from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, March 13th. Citigroup started coverage on Carlyle Secured Lending in a research report on Monday, December 8th. They issued a “market perform” rating on the stock. Citizens Jmp initiated coverage on shares of Carlyle Secured Lending in a research note on Monday, December 8th. They set a “market perform” rating on the stock. Zacks Research upgraded Carlyle Secured Lending from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, Wall Street Zen upgraded shares of Carlyle Secured Lending from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Carlyle Secured Lending has a consensus rating of “Hold” and a consensus price target of $13.20.

Carlyle Secured Lending Price Performance

Shares of NASDAQ CGBD opened at $11.13 on Wednesday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $786.67 million, a price-to-earnings ratio of 10.91 and a beta of 0.70. The firm’s 50-day simple moving average is $11.91 and its 200 day simple moving average is $12.42. Carlyle Secured Lending, Inc. has a fifty-two week low of $10.61 and a fifty-two week high of $17.33.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.05). The business had revenue of $66.91 million for the quarter, compared to the consensus estimate of $67.26 million. Carlyle Secured Lending had a return on equity of 8.56% and a net margin of 27.38%. As a group, research analysts anticipate that Carlyle Secured Lending, Inc. will post 1.97 earnings per share for the current fiscal year.

Carlyle Secured Lending Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 14.4%. The ex-dividend date is Tuesday, March 31st. Carlyle Secured Lending’s payout ratio is presently 156.86%.

Insider Activity

In other news, Director John G. Nestor sold 4,401 shares of the business’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $11.29, for a total transaction of $49,687.29. Following the completion of the transaction, the director directly owned 5,516 shares in the company, valued at $62,275.64. The trade was a 44.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.61% of the company’s stock.

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.