1,458,028 Shares in Carlyle Secured Lending, Inc. $CGBD Acquired by Choreo LLC

Choreo LLC purchased a new stake in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) during the 2nd quarter, Holdings Channel reports. The fund purchased 1,458,028 shares of the company’s stock, valued at approximately $20,529,000.

Other large investors have also bought and sold shares of the company. Quarry LP acquired a new position in shares of Carlyle Secured Lending in the 1st quarter valued at $32,000. Catalyst Capital Advisors LLC bought a new position in shares of Carlyle Secured Lending during the 2nd quarter valued at about $97,000. Cerity Partners LLC acquired a new position in shares of Carlyle Secured Lending in the first quarter valued at approximately $170,000. SCS Capital Management LLC acquired a new position in Carlyle Secured Lending in the 1st quarter worth $188,000. Finally, U.S. Capital Wealth Advisors LLC boosted its position in shares of Carlyle Secured Lending by 34.3% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 13,850 shares of the company’s stock worth $189,000 after buying an additional 3,540 shares during the period. 24.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. B. Riley reduced their target price on shares of Carlyle Secured Lending from $14.50 to $13.00 and set a “neutral” rating for the company in a report on Tuesday, November 11th. Zacks Research downgraded Carlyle Secured Lending from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. JPMorgan Chase & Co. decreased their price target on shares of Carlyle Secured Lending from $12.50 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Raymond James Financial raised Carlyle Secured Lending from a “market perform” rating to an “outperform” rating and set a $15.00 price objective on the stock in a report on Tuesday, October 7th. Finally, Wells Fargo & Company decreased their target price on shares of Carlyle Secured Lending from $15.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $14.33.

Carlyle Secured Lending Stock Performance

Carlyle Secured Lending stock opened at $12.43 on Wednesday. The business’s 50-day moving average price is $12.44 and its two-hundred day moving average price is $13.38. The stock has a market cap of $633.43 million, a PE ratio of 10.53 and a beta of 0.87. Carlyle Secured Lending, Inc. has a 12-month low of $11.55 and a 12-month high of $18.64. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.10.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its earnings results on Tuesday, November 4th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The company had revenue of $66.51 million during the quarter, compared to analyst estimates of $69.61 million. Carlyle Secured Lending had a net margin of 30.18% and a return on equity of 9.24%. As a group, analysts expect that Carlyle Secured Lending, Inc. will post 1.97 earnings per share for the current fiscal year.

Carlyle Secured Lending Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.60 annualized dividend and a dividend yield of 12.9%. Carlyle Secured Lending’s dividend payout ratio is currently 135.59%.

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.