Carlyle Secured Lending (NASDAQ:CGBD) CFO Thomas Hennigan Purchases 7,285 Shares of Stock

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) CFO Thomas Hennigan bought 7,285 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were acquired at an average price of $13.75 per share, for a total transaction of $100,168.75. Following the completion of the acquisition, the chief financial officer owned 88,495 shares in the company, valued at $1,216,806.25. This represents a 8.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Carlyle Secured Lending Stock Down 0.1%

Carlyle Secured Lending stock opened at $13.73 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. The firm has a market cap of $699.64 million, a P/E ratio of 11.44 and a beta of 0.88. Carlyle Secured Lending, Inc. has a twelve month low of $13.12 and a twelve month high of $18.64. The business has a fifty day moving average of $13.87 and a two-hundred day moving average of $14.99.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its earnings results on Tuesday, August 5th. The company reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. The business had revenue of $67.28 million during the quarter, compared to the consensus estimate of $67.53 million. Carlyle Secured Lending had a net margin of 29.71% and a return on equity of 9.85%. On average, analysts forecast that Carlyle Secured Lending, Inc. will post 1.97 earnings per share for the current fiscal year.

Carlyle Secured Lending Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 11.7%. The ex-dividend date is Tuesday, September 30th. Carlyle Secured Lending’s dividend payout ratio (DPR) is 133.33%.

Wall Street Analysts Forecast Growth

CGBD has been the subject of several analyst reports. Oppenheimer decreased their price objective on Carlyle Secured Lending from $17.00 to $15.00 and set a “market perform” rating for the company in a report on Thursday, May 8th. B. Riley reaffirmed a “neutral” rating and set a $14.50 target price (up from $14.00) on shares of Carlyle Secured Lending in a research report on Monday, August 11th. JPMorgan Chase & Co. decreased their price target on Carlyle Secured Lending from $17.00 to $14.00 and set an “underweight” rating for the company in a research note on Thursday, April 24th. Raymond James Financial began coverage on Carlyle Secured Lending in a research note on Thursday, July 17th. They set a “market perform” rating on the stock. Finally, Wells Fargo & Company raised shares of Carlyle Secured Lending from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $13.00 to $15.00 in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $15.10.

Institutional Trading of Carlyle Secured Lending

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP purchased a new position in shares of Carlyle Secured Lending during the first quarter worth $32,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Carlyle Secured Lending by 71.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,630 shares of the company’s stock valued at $36,000 after buying an additional 1,100 shares during the last quarter. Aquatic Capital Management LLC boosted its stake in shares of Carlyle Secured Lending by 541.8% in 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 last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Carlyle Secured Lending by 1,011.6% in the second quarter. Tower Research Capital LLC TRC now owns 4,313 shares of the company’s stock worth $59,000 after buying an additional 3,925 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in Carlyle Secured Lending during the second quarter worth about $97,000. Institutional investors and hedge funds own 24.51% of the company’s stock.

About Carlyle Secured Lending

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.