Y Intercept Hong Kong Ltd Buys Shares of 29,011 Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Y Intercept Hong Kong Ltd purchased a new position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 29,011 shares of the company’s stock, valued at approximately $492,000.

Several other institutional investors have also modified their holdings of CGBD. Jane Street Group LLC raised its holdings in shares of Carlyle Secured Lending by 30.9% in the third quarter. Jane Street Group LLC now owns 13,775 shares of the company’s stock valued at $234,000 after purchasing an additional 3,249 shares during the last quarter. Stifel Financial Corp increased its stake in Carlyle Secured Lending by 3.6% in the 3rd quarter. Stifel Financial Corp now owns 30,274 shares of the company’s stock valued at $514,000 after buying an additional 1,039 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in Carlyle Secured Lending by 5.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 31,058 shares of the company’s stock worth $527,000 after buying an additional 1,490 shares in the last quarter. Fisher Asset Management LLC acquired a new position in shares of Carlyle Secured Lending during the 3rd quarter worth about $378,000. Finally, Great Valley Advisor Group Inc. grew its holdings in shares of Carlyle Secured Lending by 12.9% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 13,165 shares of the company’s stock valued at $223,000 after acquiring an additional 1,500 shares in the last quarter. Institutional investors own 24.51% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company lowered their price target on Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th.

Carlyle Secured Lending Stock Performance

NASDAQ CGBD opened at $17.84 on Monday. The firm has a 50-day moving average price of $17.11 and a two-hundred day moving average price of $17.30. Carlyle Secured Lending, Inc. has a 12-month low of $14.76 and a 12-month high of $18.74. The company has a market capitalization of $908.23 million, a P/E ratio of 9.97 and a beta of 1.59. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.99.

Carlyle Secured Lending (NASDAQ:CGBD) last released its earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $55.97 million during the quarter, compared to the consensus estimate of $39.92 million. Carlyle Secured Lending had a return on equity of 12.60% and a net margin of 40.69%. During the same period in the prior year, the company posted $0.52 EPS. Analysts anticipate that Carlyle Secured Lending, Inc. will post 1.98 earnings per share for the current year.

Carlyle Secured Lending Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 10.09%. The ex-dividend date of this dividend is Tuesday, December 31st. Carlyle Secured Lending’s dividend payout ratio (DPR) is presently 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.