Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Stock Position Increased by Lido Advisors LLC

Lido Advisors LLC grew its position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 12.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,416 shares of the company’s stock after purchasing an additional 1,247 shares during the period. Lido Advisors LLC’s holdings in Carlyle Secured Lending were worth $210,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CGBD. Aquatic Capital Management LLC boosted its position in shares of 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 buying an additional 2,167 shares during the period. Virtus ETF Advisers LLC raised its stake in Carlyle Secured Lending by 22.7% during the 4th quarter. Virtus ETF Advisers LLC now owns 47,761 shares of the company’s stock valued at $856,000 after acquiring an additional 8,828 shares in the last quarter. Stifel Financial Corp boosted its position in Carlyle Secured Lending by 35.1% during the 4th quarter. Stifel Financial Corp now owns 40,909 shares of the company’s stock worth $733,000 after acquiring an additional 10,635 shares during the period. XTX Topco Ltd bought a new position in shares of Carlyle Secured Lending in the fourth quarter worth $332,000. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of Carlyle Secured Lending by 54.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 47,988 shares of the company’s stock valued at $860,000 after purchasing an additional 16,930 shares during the period. Institutional investors own 24.51% of the company’s stock.

Carlyle Secured Lending Price Performance

NASDAQ:CGBD opened at $14.24 on Wednesday. Carlyle Secured Lending, Inc. has a 52-week low of $13.12 and a 52-week high of $18.74. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.99. The firm has a market cap of $725.37 million, a P/E ratio of 7.95 and a beta of 0.93. The business’s 50-day moving average price is $15.63 and its 200 day moving average price is $16.93.

Carlyle Secured Lending Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.24%. Carlyle Secured Lending’s payout ratio is currently 98.77%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CGBD shares. JPMorgan Chase & Co. reduced their price objective on shares of Carlyle Secured Lending from $17.00 to $14.00 and set an “underweight” rating for the company in a report on Thursday, April 24th. Bank of America cut shares of Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 price objective for the company. in a report on Monday, February 10th. Finally, Wells Fargo & Company dropped their target price on Carlyle Secured Lending from $17.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, April 28th.

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.