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Carlyle Secured Lending (NASDAQ:CGBD) Sets New 1-Year Low at $12.01

Financial News Live · Sep 26, 2022 15:51

Carlyle Secured Lending, Inc. (NASDAQ:CGBD – Get Rating) hit a new 52-week low during trading on Monday . The stock traded as low as $12.01 and last traded at $12.05, with a volume of 12265 shares. The stock had previously closed at $12.66.

Wall Street Analyst Weigh In

CGBD has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on shares of Carlyle Secured Lending from $13.00 to $13.50 and gave the stock an "equal weight" rating in a research note on Thursday, August 11th. JPMorgan Chase & Co. downgraded shares of Carlyle Secured Lending from an "overweight" rating to a "neutral" rating and set a $14.50 target price on the stock. in a research note on Tuesday, September 6th.

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Carlyle Secured Lending Trading Down 3.0 %

The company has a debt-to-equity ratio of 1.23, a current ratio of 0.99 and a quick ratio of 0.99. The firm's 50 day moving average is $13.86 and its 200 day moving average is $13.94. The company has a market capitalization of $636.77 million, a PE ratio of 6.39 and a beta of 1.62.

Carlyle Secured Lending (NASDAQ:CGBD – Get Rating) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. The business 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 predict that Carlyle Secured Lending, Inc. will post 1.71 EPS for the current year.

Carlyle Secured Lending Increases Dividend

The business 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 dividend on an annualized basis and a yield of 13.03%. The ex-dividend date of this dividend is Thursday, September 29th. Carlyle Secured Lending's payout ratio is presently 64.65%.

Insider Buying and Selling at Carlyle Secured Lending

In related news, CFO Thomas M. Hennigan acquired 2,975 shares of Carlyle Secured Lending stock in a transaction on Wednesday, August 17th. The shares were acquired 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 in the company, valued at $933,146.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.56% of the company's stock.

Institutional Trading of Carlyle Secured Lending

A number of hedge funds have recently modified their holdings of the business. Legal & General Group Plc boosted its holdings in shares of Carlyle Secured Lending by 6.9% during the 2nd quarter. Legal & General Group Plc now owns 313,064 shares of the company's stock valued at $3,977,000 after buying 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% during the 2nd quarter. ExodusPoint Capital Management LP now owns 16,015 shares of the company's stock valued at $203,000 after buying an additional 1,388 shares in the last quarter. Jane Street Group LLC bought a new position in Carlyle Secured Lending in the 2nd quarter worth about $230,000. Point72 Hong Kong Ltd bought a new position in Carlyle Secured Lending in the 2nd quarter worth about $32,000. Finally, Cubist Systematic Strategies LLC bought a new position in Carlyle Secured Lending in the 2nd quarter worth about $727,000. Institutional investors own 22.34% of the company's stock.

About Carlyle Secured Lending

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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.