BluePointe Capital Management LLC Purchases 2,691 Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

BluePointe Capital Management LLC boosted its position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 4.8% during the third quarter, Holdings Channel reports. The institutional investor owned 58,273 shares of the company’s stock after purchasing an additional 2,691 shares during the quarter. BluePointe Capital Management LLC’s holdings in Carlyle Secured Lending were worth $1,020,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new position in Carlyle Secured Lending in the second quarter valued at approximately $312,000. Private Advisor Group LLC bought a new stake in Carlyle Secured Lending in the third quarter valued at approximately $235,000. Condor Capital Management boosted its position in Carlyle Secured Lending by 16.3% during the second quarter. Condor Capital Management now owns 264,311 shares of the company’s stock valued at $4,689,000 after acquiring an additional 36,984 shares during the last quarter. Quadrature Capital Ltd lifted its stake in Carlyle Secured Lending by 6.6% in the first quarter. Quadrature Capital Ltd now owns 41,039 shares of the company’s stock valued at $668,000 after buying an additional 2,533 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in shares of Carlyle Secured Lending by 13.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 46,578 shares of the company’s stock worth $759,000 after buying an additional 5,500 shares in the last quarter. Institutional investors and hedge funds own 24.51% of the company’s stock.

Carlyle Secured Lending Stock Performance

Carlyle Secured Lending stock opened at $16.29 on Friday. The firm has a fifty day simple moving average of $17.10 and a two-hundred day simple moving average of $17.37. 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, Inc. has a twelve month low of $14.58 and a twelve month high of $18.74. The company has a market capitalization of $829.32 million, a PE ratio of 9.10 and a beta of 1.59.

Carlyle Secured Lending (NASDAQ:CGBD) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Carlyle Secured Lending had a net margin of 40.69% and a return on equity of 12.60%. The company had revenue of $55.97 million during the quarter, compared to analyst estimates of $39.92 million. During the same period in the prior year, the business posted $0.52 EPS. Research analysts expect that Carlyle Secured Lending, Inc. will post 1.99 EPS for the current year.

Carlyle Secured Lending Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 11.05%. The ex-dividend date is Tuesday, December 31st. Carlyle Secured Lending’s dividend payout ratio (DPR) is currently 89.39%.

Wall Street Analyst Weigh In

A number of analysts have commented on CGBD shares. Wells Fargo & Company decreased their price objective on Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. downgraded shares of Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 price target on the stock. in a report on Monday, July 29th.

Carlyle Secured Lending 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.