Great Valley Advisor Group Inc. Purchases 1,500 Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Great Valley Advisor Group Inc. raised its holdings in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 12.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,165 shares of the company’s stock after purchasing an additional 1,500 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Carlyle Secured Lending were worth $223,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Kimelman & Baird LLC bought a new stake in shares of Carlyle Secured Lending during the second quarter worth about $35,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Carlyle Secured Lending in the second quarter worth approximately $52,000. nVerses Capital LLC purchased a new position in shares of Carlyle Secured Lending during the second quarter valued at approximately $53,000. Magnetar Financial LLC bought a new stake in Carlyle Secured Lending during the second quarter worth $189,000. Finally, EMC Capital Management raised its position in Carlyle Secured Lending by 126.8% in the 1st quarter. EMC Capital Management now owns 13,021 shares of the company’s stock valued at $212,000 after buying an additional 7,280 shares during the last quarter. Institutional investors and hedge funds own 24.51% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company cut their price objective on shares of Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th.

Carlyle Secured Lending Price Performance

Shares of NASDAQ CGBD opened at $17.32 on Thursday. 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 company has a market capitalization of $881.76 million, a PE ratio of 9.60 and a beta of 1.59. The stock’s 50 day moving average price is $17.05 and its 200-day moving average price is $17.33. Carlyle Secured Lending, Inc. has a twelve month low of $14.76 and a twelve month high of $18.74.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $55.97 million during the quarter, compared to the consensus estimate of $39.92 million. Carlyle Secured Lending had a return on equity of 12.60% and a net margin of 40.69%. During the same quarter in the prior year, the company earned $0.52 EPS. On average, equities analysts anticipate that Carlyle Secured Lending, Inc. will post 1.98 EPS for the current year.

Carlyle Secured Lending Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 10.39%. The ex-dividend date of this dividend is Tuesday, December 31st. Carlyle Secured Lending’s dividend payout ratio is 89.39%.

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.