John Nestor Sells 7,085 Shares of Carlyle Secured Lending (NASDAQ:CGBD) Stock

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Director John Nestor sold 7,085 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $11.87, for a total value of $84,098.95. Following the completion of the transaction, the director directly owned 7,508 shares of the company’s stock, valued at $89,119.96. The trade was a 48.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Carlyle Secured Lending Price Performance

Carlyle Secured Lending stock traded up $0.14 during mid-day trading on Tuesday, hitting $12.69. 353,852 shares of the company were exchanged, compared to its average volume of 415,848. Carlyle Secured Lending, Inc. has a 12-month low of $11.55 and a 12-month high of $18.64. The company has a market capitalization of $646.68 million, a P/E ratio of 10.75 and a beta of 0.68. The business’s 50 day simple moving average is $12.37 and its two-hundred day simple moving average is $13.34. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.90 and a quick ratio of 0.90.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). The company had revenue of $66.51 million during the quarter, compared to analysts’ expectations of $69.61 million. Carlyle Secured Lending had a net margin of 30.18% and a return on equity of 9.24%. 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 declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 12.6%. The ex-dividend date of this dividend is Wednesday, December 31st. Carlyle Secured Lending’s dividend payout ratio (DPR) is currently 135.59%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CGBD shares. JPMorgan Chase & Co. cut their price objective on shares of Carlyle Secured Lending from $12.50 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Zacks Research cut shares of Carlyle Secured Lending from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. B. Riley cut their price target on Carlyle Secured Lending from $14.50 to $13.00 and set a “neutral” rating for the company in a report on Tuesday, November 11th. Raymond James Financial raised Carlyle Secured Lending from a “market perform” rating to an “outperform” rating and set a $15.00 price target on the stock in a research note on Tuesday, October 7th. Finally, Wells Fargo & Company lowered their price objective on Carlyle Secured Lending from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $14.33.

Hedge Funds Weigh In On Carlyle Secured Lending

A number of large investors have recently bought and sold shares of CGBD. Cetera Investment Advisers grew its stake in shares of Carlyle Secured Lending by 28.3% during the 1st quarter. Cetera Investment Advisers now owns 58,195 shares of the company’s stock valued at $942,000 after buying an additional 12,843 shares during the period. LPL Financial LLC raised its position in shares of Carlyle Secured Lending by 33.2% in the 1st quarter. LPL Financial LLC now owns 82,458 shares of the company’s stock worth $1,334,000 after buying an additional 20,549 shares during the period. Mackenzie Financial Corp acquired a new position in Carlyle Secured Lending in the first quarter valued at $406,000. XTX Topco Ltd boosted its holdings in Carlyle Secured Lending by 13.4% in the first quarter. XTX Topco Ltd now owns 21,019 shares of the company’s stock valued at $340,000 after acquiring an additional 2,478 shares during the last quarter. Finally, MGB Wealth Management LLC purchased a new stake in Carlyle Secured Lending during the first quarter valued at about $291,000. Hedge funds and other institutional investors 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.