Grimes & Company Inc. Grows Stock Holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Grimes & Company Inc. lifted its position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 14.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,414 shares of the company’s stock after buying an additional 2,912 shares during the quarter. Grimes & Company Inc.’s holdings in Carlyle Secured Lending were worth $397,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Great Valley Advisor Group Inc. lifted its stake in shares of Carlyle Secured Lending by 5.1% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 11,665 shares of the company’s stock valued at $207,000 after buying an additional 565 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in shares of Carlyle Secured Lending by 3.1% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 46,731 shares of the company’s stock valued at $829,000 after buying an additional 1,400 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in shares of Carlyle Secured Lending by 5.0% during the 2nd quarter. Verdence Capital Advisors LLC now owns 29,152 shares of the company’s stock valued at $517,000 after buying an additional 1,400 shares in the last quarter. Kimelman & Baird LLC purchased a new position in shares of Carlyle Secured Lending during the 2nd quarter valued at $35,000. Finally, Bright Futures Wealth Management LLC. increased its holdings in Carlyle Secured Lending by 4.6% in the 2nd quarter. Bright Futures Wealth Management LLC. now owns 56,079 shares of the company’s stock valued at $948,000 after acquiring an additional 2,473 shares during the last quarter. Hedge funds and other institutional investors own 24.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CGBD shares. JPMorgan Chase & Co. downgraded shares of Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 price target on the stock. in a report on Monday, July 29th. Wells Fargo & Company reduced their price target 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 Tuesday, August 6th.

Carlyle Secured Lending Stock Performance

Shares of NASDAQ:CGBD opened at $17.36 on Friday. The company has a market capitalization of $881.80 million, a price-to-earnings ratio of 10.15 and a beta of 1.59. Carlyle Secured Lending, Inc. has a 12 month low of $13.31 and a 12 month high of $18.74. The firm’s 50-day moving average is $17.12 and its 200 day moving average is $17.36. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.05.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. The company had revenue of $58.26 million for the quarter, compared to the consensus estimate of $42.21 million. Carlyle Secured Lending had a net margin of 44.19% and a return on equity of 12.74%. During the same period in the prior year, the firm posted $0.52 EPS. Research analysts predict that Carlyle Secured Lending, Inc. will post 1.96 EPS for the current year.

Carlyle Secured Lending Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were given a $0.47 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.88 annualized dividend and a yield of 10.83%. Carlyle Secured Lending’s dividend payout ratio (DPR) is 93.57%.

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.