United Advisor Group LLC Increases Holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

United Advisor Group LLC increased its holdings in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 13.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 15,105 shares of the company’s stock after acquiring an additional 1,803 shares during the period. United Advisor Group LLC’s holdings in Carlyle Secured Lending were worth $256,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CGBD. International Assets Investment Management LLC raised its position in Carlyle Secured Lending by 1,597.0% in the 3rd quarter. International Assets Investment Management LLC now owns 307,581 shares of the company’s stock worth $52,200,000 after purchasing an additional 289,456 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of Carlyle Secured Lending by 4.6% during the first quarter. Advisors Asset Management Inc. now owns 265,325 shares of the company’s stock valued at $4,319,000 after acquiring an additional 11,573 shares in the last quarter. Condor Capital Management grew its position in Carlyle Secured Lending by 16.3% during the 2nd quarter. Condor Capital Management now owns 264,311 shares of the company’s stock worth $4,689,000 after purchasing an additional 36,984 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Carlyle Secured Lending by 2.6% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 258,774 shares of the company’s stock valued at $4,213,000 after buying an additional 6,527 shares during the last quarter. Finally, Raymond James & Associates raised its stake in Carlyle Secured Lending by 3.6% in the 2nd quarter. Raymond James & Associates now owns 126,916 shares of the company’s stock worth $2,251,000 after acquiring an additional 4,459 shares during the last quarter. Hedge funds and other institutional investors own 24.51% of the company’s stock.

Carlyle Secured Lending Stock Down 2.3 %

CGBD stock opened at $16.41 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.05. The firm has a 50-day moving average of $17.16 and a two-hundred day moving average of $17.40. Carlyle Secured Lending, Inc. has a 12 month low of $14.02 and a 12 month high of $18.74. The company has a market cap of $833.55 million, a price-to-earnings ratio of 8.29 and a beta of 1.59.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. Carlyle Secured Lending had a return on equity of 12.74% and a net margin of 44.19%. The business had revenue of $55.97 million for the quarter, compared to analyst estimates of $39.92 million. During the same quarter in the prior year, the company posted $0.52 EPS. As a group, analysts forecast that Carlyle Secured Lending, Inc. will post 1.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CGBD. Wells Fargo & Company increased their price objective on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. cut Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 target price on the stock. in a research report on Monday, July 29th.

About Carlyle Secured Lending

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.