North Ground Capital Acquires New Position in Carlyle Secured Lending, Inc. $CGBD

North Ground Capital bought a new position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 476,134 shares of the company’s stock, valued at approximately $5,952,000. Carlyle Secured Lending accounts for 3.7% of North Ground Capital’s portfolio, making the stock its 9th largest holding. North Ground Capital owned 0.93% of Carlyle Secured Lending at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada raised its position in shares of Carlyle Secured Lending by 1.9% during the 1st quarter. Royal Bank of Canada now owns 275,612 shares of the company’s stock valued at $4,460,000 after purchasing an additional 5,054 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in Carlyle Secured Lending in the 2nd quarter worth $214,000. Kingstone Capital Partners Texas LLC purchased a new stake in Carlyle Secured Lending in the 2nd quarter worth $5,717,000. U.S. Capital Wealth Advisors LLC raised its holdings in 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 valued at $189,000 after acquiring an additional 3,540 shares during the period. Finally, Patton Albertson Miller Group LLC purchased a new position in shares of Carlyle Secured Lending in the second quarter valued at about $344,000. Hedge funds and other institutional investors own 24.51% of the company’s stock.

Carlyle Secured Lending Stock Down 0.5%

Shares of CGBD opened at $12.86 on Monday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.10. The business has a fifty day moving average of $12.54 and a 200 day moving average of $13.04. The company has a market cap of $655.35 million, a PE ratio of 10.90 and a beta of 0.69. Carlyle Secured Lending, Inc. has a 52-week low of $11.55 and a 52-week high of $18.64.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its earnings results on Tuesday, November 4th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). The business had revenue of $66.51 million for the quarter, compared to analysts’ expectations of $69.61 million. Carlyle Secured Lending had a net margin of 30.18% and a return on equity of 9.24%. On average, sell-side analysts expect that Carlyle Secured Lending, Inc. will post 1.97 EPS for the current year.

Carlyle Secured Lending Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Wednesday, December 31st were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.60 annualized dividend and a yield of 12.4%. Carlyle Secured Lending’s dividend payout ratio is 135.59%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Citigroup initiated coverage on Carlyle Secured Lending in a research report on Monday, December 8th. They set a “market perform” rating for the company. JPMorgan Chase & Co. cut their price objective on shares of Carlyle Secured Lending from $12.50 to $12.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. B. Riley lowered their target price on shares of Carlyle Secured Lending from $14.50 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, November 11th. Zacks Research raised shares of Carlyle Secured Lending from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, Citizens Jmp assumed coverage on Carlyle Secured Lending in a report on Monday, December 8th. They issued a “market perform” rating on the stock. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $14.33.

Insider Buying and Selling

In other Carlyle Secured Lending news, Director John G. Nestor sold 7,085 shares of Carlyle Secured Lending stock in a transaction on Friday, November 14th. The stock was sold at an average price of $11.87, for a total transaction of $84,098.95. Following the completion of the sale, the director directly owned 7,508 shares of the company’s stock, valued at $89,119.96. The trade was a 48.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.61% of the stock is owned by insiders.

Carlyle Secured Lending Profile

Carlyle Secured Lending, Inc (NASDAQ: CGBD) is a closed-end, non-diversified business development company that provides customized debt financing solutions to middle-market companies. Chartered under the Investment Company Act of 1940, the company invests primarily in floating-rate senior secured loans, including first-lien, unitranche and one-stop structures. Its objective is to generate current income and capital appreciation through disciplined credit selection and active portfolio management.

The firm focuses on U.S.