Stifel Financial Corp Has $514,000 Holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Stifel Financial Corp increased its stake in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 3.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,274 shares of the company’s stock after acquiring an additional 1,039 shares during the period. Stifel Financial Corp’s holdings in Carlyle Secured Lending were worth $514,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Kimelman & Baird LLC bought a new position in Carlyle Secured Lending during the 2nd quarter worth about $35,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Carlyle Secured Lending during the second quarter worth about $52,000. nVerses Capital LLC acquired a new stake in Carlyle Secured Lending in the 2nd quarter valued at approximately $53,000. Magnetar Financial LLC bought a new stake in Carlyle Secured Lending in the 2nd quarter valued at approximately $189,000. Finally, Great Valley Advisor Group Inc. boosted its position in Carlyle Secured Lending by 12.9% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 13,165 shares of the company’s stock worth $223,000 after acquiring an additional 1,500 shares during the last quarter. 24.51% of the stock is owned by institutional investors.

Carlyle Secured Lending Stock Performance

NASDAQ CGBD opened at $18.16 on Friday. The firm has a market capitalization of $924.45 million, a P/E ratio of 10.15 and a beta of 1.59. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.99. The firm’s fifty day moving average price is $17.21 and its two-hundred day moving average price is $17.32. Carlyle Secured Lending, Inc. has a 1 year low of $14.76 and a 1 year high of $18.74.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Carlyle Secured Lending had a net margin of 40.69% and a return on equity of 12.60%. The company had revenue of $55.97 million for the quarter, compared to analysts’ expectations of $39.92 million. During the same period in the prior year, the firm earned $0.52 EPS. As a group, research analysts anticipate that Carlyle Secured Lending, Inc. will post 1.98 EPS for the current year.

Carlyle Secured Lending Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be given a $0.45 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.91%. Carlyle Secured Lending’s payout ratio is 89.39%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company lowered their price objective on shares of Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th.

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.