Carlyle Secured Lending, Inc. (NASDAQ:CGBD – Get Rating) shares hit a new 52-week low on Monday . The company traded as low as $11.26 and last traded at $11.33, with a volume of 2774 shares changing hands. The stock had previously closed at $11.44.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on CGBD shares. JPMorgan Chase & Co. lowered shares of Carlyle Secured Lending from an "overweight" rating to a "neutral" rating and set a $14.50 price objective on the stock. in a report on Tuesday, September 6th. Wells Fargo & Company raised their price objective on shares of Carlyle Secured Lending from $13.00 to $13.50 and gave the company an "equal weight" rating in a report on Thursday, August 11th.
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Carlyle Secured Lending Price Performance
The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 0.99. The stock's 50-day moving average is $13.75 and its 200 day moving average is $13.86. The stock has a market capitalization of $599.43 million, a PE ratio of 5.78 and a beta of 1.69.
Carlyle Secured Lending (NASDAQ:CGBD – Get Rating) last posted its earnings results on Tuesday, August 9th. The company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. The firm had revenue of $35.99 million for the quarter, compared to the consensus estimate of $33.90 million. Carlyle Secured Lending had a net
margin of 65.03% and a return on equity of 10.40%. As a group, equities analysts expect that Carlyle Secured Lending, Inc. will post 1.71 earnings per share for the current year.
Carlyle Secured Lending Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a dividend of $0.40 per share. This is an increase from Carlyle Secured Lending's previous quarterly dividend of $0.32. This represents a $1.60 annualized dividend and a yield of 13.84%. The ex-dividend date of this dividend is Thursday, September 29th. Carlyle Secured Lending's dividend payout ratio (DPR) is presently 68.69%.
Insiders Place Their Bets
In other Carlyle Secured Lending news, CFO Thomas M. Hennigan acquired 2,975 shares of the stock in a transaction on Wednesday, August 17th. The shares were bought at an average cost of $14.30 per share, with a total value of $42,542.50. Following the transaction, the chief financial officer now owns 65,255 shares of the company's stock, valued at approximately $933,146.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.56% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of CGBD. Legal & General Group Plc boosted its holdings in shares of Carlyle Secured Lending by 6.9% in the second quarter. Legal & General Group Plc now owns 313,064 shares of the company's stock valued at $3,977,000 after acquiring an additional 20,097 shares in the last quarter. ExodusPoint Capital Management LP boosted its holdings in shares of Carlyle Secured Lending by 9.5% in the second quarter. ExodusPoint Capital Management LP now owns 16,015 shares of the company's stock valued at $203,000 after acquiring an additional 1,388 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Carlyle Secured Lending in the second quarter valued at about $230,000. Point72 Hong Kong Ltd purchased a new stake in shares of Carlyle Secured Lending in the second quarter valued at about $32,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Carlyle Secured Lending in the second quarter valued at about $727,000. 22.34% of the stock is owned by hedge funds and other institutional investors.
Carlyle Secured Lending Company Profile
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TCG BDC, 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.
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