Carlyle Secured Lending (NASDAQ:CGBD) Shares Gap Down to $18.15

Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) gapped down before the market opened on Friday . The stock had previously closed at $18.15, but opened at $17.68. Carlyle Secured Lending shares last traded at $17.81, with a volume of 19,237 shares traded.

Carlyle Secured Lending Price Performance

The business’s 50-day simple moving average is $17.68 and its 200 day simple moving average is $16.41. 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 company has a market capitalization of $901.01 million, a P/E ratio of 10.37 and a beta of 1.59.

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

Carlyle Secured Lending Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Friday, June 28th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 10.60%. The ex-dividend date of this dividend is Friday, June 28th. Carlyle Secured Lending’s payout ratio is currently 93.57%.

Institutional Investors Weigh In On Carlyle Secured Lending

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cape Investment Advisory Inc. bought a new stake in shares of Carlyle Secured Lending in the 4th quarter worth approximately $76,000. Tucker Asset Management LLC acquired a new position in Carlyle Secured Lending in the fourth quarter worth approximately $80,000. Kingsview Wealth Management LLC bought a new position in shares of Carlyle Secured Lending in the first quarter valued at $171,000. EMC Capital Management lifted its position in shares of Carlyle Secured Lending by 126.8% during the 1st quarter. EMC Capital Management now owns 13,021 shares of the company’s stock valued at $212,000 after acquiring an additional 7,280 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Carlyle Secured Lending during the 4th quarter worth $203,000. 24.51% of the stock is owned by institutional investors and hedge funds.

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.