BluePointe Capital Management LLC Has $1.02 Million Position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

BluePointe Capital Management LLC raised its holdings in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 4.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,517 shares of the company’s stock after purchasing an additional 2,853 shares during the quarter. BluePointe Capital Management LLC owned 0.12% of Carlyle Secured Lending worth $1,024,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lido Advisors LLC increased its holdings in Carlyle Secured Lending by 12.3% during the fourth quarter. Lido Advisors LLC now owns 11,416 shares of the company’s stock worth $210,000 after buying an additional 1,247 shares during the last quarter. HighTower Advisors LLC increased its holdings in Carlyle Secured Lending by 1.9% during the fourth quarter. HighTower Advisors LLC now owns 75,065 shares of the company’s stock worth $1,346,000 after buying an additional 1,373 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in Carlyle Secured Lending by 17.1% during the first quarter. Sunbelt Securities Inc. now owns 10,297 shares of the company’s stock worth $167,000 after buying an additional 1,500 shares during the last quarter. Aquatic Capital Management LLC boosted its position in Carlyle Secured Lending by 541.8% during the fourth quarter. Aquatic Capital Management LLC now owns 2,567 shares of the company’s stock worth $46,000 after purchasing an additional 2,167 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Carlyle Secured Lending by 10.0% during the fourth quarter. Wells Fargo & Company MN now owns 31,778 shares of the company’s stock worth $570,000 after purchasing an additional 2,893 shares during the period. Institutional investors own 24.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Carlyle Secured Lending from $17.00 to $14.00 and set an “underweight” rating for the company in a research report on Thursday, April 24th. B. Riley upgraded shares of Carlyle Secured Lending to a “hold” rating in a research report on Monday, June 16th. Wells Fargo & Company cut their price objective on shares of Carlyle Secured Lending from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Thursday, May 8th. Finally, Oppenheimer cut their price objective on shares of Carlyle Secured Lending from $17.00 to $15.00 and set a “market perform” rating for the company in a research report on Thursday, May 8th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $14.75.

Carlyle Secured Lending Stock Down 0.6%

Shares of NASDAQ CGBD opened at $14.10 on Tuesday. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.03. The firm’s fifty day moving average is $13.95 and its 200 day moving average is $15.83. The company has a market cap of $718.54 million, a price-to-earnings ratio of 10.44 and a beta of 0.85. Carlyle Secured Lending, Inc. has a 52 week low of $13.12 and a 52 week high of $18.74.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its earnings results on Tuesday, May 6th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.02). Carlyle Secured Lending had a net margin of 32.72% and a return on equity of 10.49%. The business had revenue of $54.60 million for the quarter, compared to the consensus estimate of $55.50 million. On average, equities research analysts expect that Carlyle Secured Lending, Inc. will post 1.97 earnings per share for the current year.

Carlyle Secured Lending Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, June 30th. This represents a $1.60 dividend on an annualized basis and a yield of 11.35%. Carlyle Secured Lending’s dividend payout ratio (DPR) is 118.52%.

Carlyle Secured Lending 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.