Hennion & Walsh Asset Management Inc. Increases Stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Hennion & Walsh Asset Management Inc. increased its holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 2.2% during the third quarter, Holdings Channel.com reports. The firm owned 120,911 shares of the company’s stock after acquiring an additional 2,570 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Carlyle Secured Lending were worth $2,052,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CGBD. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Carlyle Secured Lending by 2.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 258,774 shares of the company’s stock valued at $4,213,000 after purchasing an additional 6,527 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Carlyle Secured Lending by 15.7% in the first quarter. Janney Montgomery Scott LLC now owns 51,117 shares of the company’s stock worth $832,000 after buying an additional 6,947 shares during the period. Condor Capital Management raised its holdings in Carlyle Secured Lending by 7.9% during the 1st quarter. Condor Capital Management now owns 227,327 shares of the company’s stock valued at $3,701,000 after buying an additional 16,714 shares during the last quarter. Kingsview Wealth Management LLC purchased a new stake in Carlyle Secured Lending during the 1st quarter valued at $171,000. Finally, CANADA LIFE ASSURANCE Co grew its holdings in Carlyle Secured Lending by 13.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 46,578 shares of the company’s stock worth $759,000 after acquiring an additional 5,500 shares during the last quarter. 24.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. downgraded shares of Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 price objective for the company. in a research note on Monday, July 29th. Wells Fargo & Company lowered their price target on Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 6th.

Carlyle Secured Lending Stock Down 0.9 %

Shares of Carlyle Secured Lending stock opened at $17.20 on Friday. 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, Inc. has a 12-month low of $13.31 and a 12-month high of $18.74. The company has a market cap of $873.67 million, a P/E ratio of 10.06 and a beta of 1.59. The company’s fifty day simple moving average is $17.13 and its two-hundred day simple moving average is $17.37.

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

Carlyle Secured Lending Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.93%. The ex-dividend date was Monday, September 30th. Carlyle Secured Lending’s payout ratio is presently 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.