Carlyle Secured Lending (NASDAQ:CGBD) Issues Quarterly Earnings Results

Carlyle Secured Lending (NASDAQ:CGBD) released its earnings results on Thursday, August 6th. The company reported $0.00 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.32), FiscalAI reports. Carlyle Secured Lending had a return on equity of 8.85% and a net margin of 14.26%.The business had revenue of $62.09 million during the quarter, compared to analysts’ expectations of $59.43 million.

Carlyle Secured Lending Price Performance

Carlyle Secured Lending stock traded up $0.26 during midday trading on Thursday, reaching $11.59. 963,346 shares of the stock traded hands, compared to its average volume of 643,192. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.20. Carlyle Secured Lending has a 12 month low of $9.94 and a 12 month high of $14.00. The stock’s fifty day moving average is $10.71 and its 200-day moving average is $11.05. The stock has a market cap of $797.45 million, a P/E ratio of 22.73 and a beta of 0.62.

Carlyle Secured Lending Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Wednesday, September 30th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date is Wednesday, September 30th. Carlyle Secured Lending’s payout ratio is currently 274.51%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CGBD. Aptus Capital Advisors LLC purchased a new position in Carlyle Secured Lending during the fourth quarter worth $266,000. OpenArc Corporate Advisory LLC purchased a new stake in shares of Carlyle Secured Lending in the fourth quarter valued at approximately $194,000. Dorsey & Whitney Trust CO LLC purchased a new position in shares of Carlyle Secured Lending during the 4th quarter valued at approximately $202,000. National Bank of Canada FI grew its stake in Carlyle Secured Lending by 19.9% in the 3rd quarter. National Bank of Canada FI now owns 14,894 shares of the company’s stock valued at $186,000 after acquiring an additional 2,470 shares during the period. Finally, BNP Paribas Financial Markets purchased a new stake in Carlyle Secured Lending in the 2nd quarter worth $173,000. 24.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company decreased their price objective on shares of Carlyle Secured Lending from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th. B. Riley Financial reaffirmed a “buy” rating on shares of Carlyle Secured Lending in a report on Tuesday, May 12th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Carlyle Secured Lending currently has an average rating of “Hold” and a consensus price target of $12.50.

About Carlyle Secured Lending

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.