Short Interest in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Expands By 18.9%

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 283,300 shares, an increase of 18.9% from the August 31st total of 238,300 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 203,300 shares, the days-to-cover ratio is presently 1.4 days.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. JPMorgan Chase & Co. cut 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 research note on Monday, July 29th. Wells Fargo & Company lowered their target price on Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 6th.

Carlyle Secured Lending Stock Up 0.8 %

Shares of CGBD traded up $0.14 during mid-day trading on Friday, hitting $17.52. 207,956 shares of the company’s stock were exchanged, compared to its average volume of 215,974. The company has a 50-day simple moving average of $17.02 and a 200 day simple moving average of $17.23. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.85 and a quick ratio of 1.85. The company has a market cap of $889.93 million, a PE ratio of 10.25 and a beta of 1.59. Carlyle Secured Lending has a 52 week low of $13.31 and a 52 week high of $18.74.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its earnings results on Monday, August 5th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $58.26 million for the quarter, compared to the consensus estimate of $42.21 million. Carlyle Secured Lending had a net margin of 44.19% and a return on equity of 12.74%. During the same period in the previous year, the company earned $0.52 earnings per share. On average, research analysts forecast that Carlyle Secured Lending will post 1.96 earnings per share for the current fiscal year.

Carlyle Secured Lending Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be paid a $0.47 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 10.73%. Carlyle Secured Lending’s dividend payout ratio (DPR) is currently 93.57%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Kimelman & Baird LLC acquired a new position in shares of Carlyle Secured Lending in the second quarter valued at approximately $35,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Carlyle Secured Lending during the second quarter worth $52,000. nVerses Capital LLC bought a new stake in shares of Carlyle Secured Lending in the second quarter valued at about $53,000. Tucker Asset Management LLC acquired a new position in shares of Carlyle Secured Lending in the fourth quarter valued at about $80,000. Finally, Kingsview Wealth Management LLC bought a new position in Carlyle Secured Lending during the first quarter worth about $171,000. 24.51% of the stock is owned by 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.