Carlyle Secured Lending (NASDAQ:CGBD) Sets New 12-Month High at $18.22

Carlyle Secured Lending, Inc. (NASDAQ:CGBD)’s share price reached a new 52-week high on Monday . The company traded as high as $18.22 and last traded at $18.19, with a volume of 48009 shares. The stock had previously closed at $17.99.

Analyst Ratings Changes

Separately, Citigroup boosted their target price on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th.

Carlyle Secured Lending Stock Performance

The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.07. The business’s 50 day moving average is $17.59 and its 200 day moving average is $16.36. The stock has a market capitalization of $923.87 million, a PE ratio of 10.64 and a beta of 1.59.

Carlyle Secured Lending (NASDAQ:CGBD) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. Carlyle Secured Lending had a net margin of 38.15% and a return on equity of 12.92%. The firm had revenue of $44.14 million during the quarter, compared to analysts’ expectations of $42.86 million. On average, equities research analysts predict that Carlyle Secured Lending, Inc. will post 2.05 earnings per share for the current fiscal year.

Carlyle Secured Lending Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Friday, June 28th will be paid a dividend of $0.47 per share. The ex-dividend date is Friday, June 28th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.34%. Carlyle Secured Lending’s dividend payout ratio is presently 93.57%.

Hedge Funds Weigh In On Carlyle Secured Lending

Large investors have recently made changes to their positions in the company. Cape Investment Advisory Inc. purchased a new position in shares of Carlyle Secured Lending during the 4th quarter worth about $76,000. Tucker Asset Management LLC purchased a new stake in Carlyle Secured Lending in the 4th quarter valued at about $80,000. Kingsview Wealth Management LLC purchased a new stake in Carlyle Secured Lending in the 1st quarter valued at about $171,000. Virtu Financial LLC purchased a new stake in Carlyle Secured Lending in the 4th quarter valued at about $203,000. Finally, EMC Capital Management boosted its position in Carlyle Secured Lending by 126.8% in the 1st quarter. EMC Capital Management now owns 13,021 shares of the company’s stock valued at $212,000 after buying an additional 7,280 shares during the period. 24.51% of the stock is owned by hedge funds and other institutional investors.

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.