Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Short Interest Update

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 347,200 shares, a drop of 13.6% from the February 13th total of 401,900 shares. Based on an average daily trading volume, of 222,400 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.8% of the shares of the stock are sold short.

Carlyle Secured Lending Price Performance

Carlyle Secured Lending stock opened at $17.20 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market cap of $876.46 million, a price-to-earnings ratio of 9.61 and a beta of 1.57. The firm has a 50-day moving average of $17.77 and a two-hundred day moving average of $17.46. Carlyle Secured Lending has a 1 year low of $15.01 and a 1 year high of $18.74.

Carlyle Secured Lending Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be paid a $0.40 dividend. The ex-dividend date is Monday, March 24th. This represents a $1.60 annualized dividend and a yield of 9.30%. Carlyle Secured Lending’s dividend payout ratio (DPR) is currently 98.77%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CGBD. Bank of America Corp DE boosted its position in Carlyle Secured Lending by 3.8% during the 4th quarter. Bank of America Corp DE now owns 1,192,606 shares of the company’s stock valued at $21,383,000 after acquiring an additional 44,033 shares in the last quarter. Invesco Ltd. boosted its position in Carlyle Secured Lending by 1,449.1% during the 4th quarter. Invesco Ltd. now owns 659,564 shares of the company’s stock valued at $11,826,000 after acquiring an additional 616,988 shares in the last quarter. Condor Capital Management boosted its position in Carlyle Secured Lending by 8.3% during the 4th quarter. Condor Capital Management now owns 266,836 shares of the company’s stock valued at $4,784,000 after acquiring an additional 20,344 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Carlyle Secured Lending by 7.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 265,982 shares of the company’s stock valued at $4,514,000 after acquiring an additional 17,434 shares in the last quarter. Finally, Hager Investment Management Services LLC bought a new stake in Carlyle Secured Lending during the 4th quarter valued at $4,093,000. Institutional investors own 24.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CGBD. JPMorgan Chase & Co. raised their price objective on Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “underweight” rating in a research note on Monday, February 3rd. Bank of America lowered Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 price target for the company. in a research note on Monday, February 10th. Finally, Wells Fargo & Company upped their price objective on Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th.

About Carlyle Secured Lending

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.