2,910 Shares in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,910 shares of the company’s stock, valued at approximately $52,000.

Several other large investors have also recently made changes to their positions in the business. Great Valley Advisor Group Inc. grew its holdings in shares of Carlyle Secured Lending by 5.1% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 11,665 shares of the company’s stock valued at $207,000 after purchasing an additional 565 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in shares of Carlyle Secured Lending by 3.1% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 46,731 shares of the company’s stock valued at $829,000 after acquiring an additional 1,400 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in Carlyle Secured Lending by 5.0% during the 2nd quarter. Verdence Capital Advisors LLC now owns 29,152 shares of the company’s stock valued at $517,000 after acquiring an additional 1,400 shares during the period. Bright Futures Wealth Management LLC. grew its position in Carlyle Secured Lending by 4.6% during the 2nd quarter. Bright Futures Wealth Management LLC. now owns 56,079 shares of the company’s stock worth $948,000 after acquiring an additional 2,473 shares during the last quarter. Finally, Quadrature Capital Ltd increased its stake in Carlyle Secured Lending by 6.6% in the 1st quarter. Quadrature Capital Ltd now owns 41,039 shares of the company’s stock worth $668,000 after purchasing an additional 2,533 shares during the period. 24.51% of the stock is owned by hedge funds and other institutional investors.

Carlyle Secured Lending Price Performance

Shares of CGBD stock opened at $17.25 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.85 and a current ratio of 1.85. Carlyle Secured Lending, Inc. has a fifty-two week low of $13.31 and a fifty-two week high of $18.74. The firm has a market cap of $876.13 million, a P/E ratio of 8.71 and a beta of 1.59. The business’s 50 day moving average price is $16.89 and its 200-day moving average price is $17.29.

Carlyle Secured Lending (NASDAQ:CGBD) last released its quarterly earnings results on Monday, August 5th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. The business had revenue of $58.26 million for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business posted $0.52 earnings per share. On average, equities research analysts anticipate that Carlyle Secured Lending, Inc. will post 1.96 earnings per share for the current year.

Carlyle Secured Lending Announces Dividend

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 given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 10.90%. The ex-dividend date of this dividend is Monday, September 30th. Carlyle Secured Lending’s dividend payout ratio is currently 80.81%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wells Fargo & Company dropped their price objective 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. JPMorgan Chase & Co. lowered 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 report on Monday, July 29th.

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.