LSV Asset Management Sells 395,526 Shares of Carlyle Secured Lending, Inc. $CGBD

LSV Asset Management cut its holdings in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 31.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 860,563 shares of the company’s stock after selling 395,526 shares during the period. LSV Asset Management’s holdings in Carlyle Secured Lending were worth $11,773,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Prime Capital Investment Advisors LLC purchased a new stake in Carlyle Secured Lending during the second quarter worth $30,158,000. Kingstone Capital Partners Texas LLC bought a new stake in Carlyle Secured Lending during the second quarter valued at about $5,717,000. Y Intercept Hong Kong Ltd bought a new stake in Carlyle Secured Lending during the second quarter valued at about $2,469,000. Ethos Financial Group LLC purchased a new position in Carlyle Secured Lending in the first quarter valued at about $2,781,000. Finally, Muzinich & Co. Inc. raised its holdings in Carlyle Secured Lending by 81.1% in the second quarter. Muzinich & Co. Inc. now owns 352,617 shares of the company’s stock worth $4,824,000 after purchasing an additional 157,900 shares in the last quarter. Institutional investors own 24.51% of the company’s stock.

Carlyle Secured Lending Stock Performance

Shares of Carlyle Secured Lending stock opened at $11.75 on Thursday. The company has a 50 day moving average price of $12.55 and a 200 day moving average price of $13.43. The firm has a market capitalization of $598.78 million, a P/E ratio of 9.96 and a beta of 0.87. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.10. Carlyle Secured Lending, Inc. has a 52 week low of $11.55 and a 52 week high of $18.64.

Carlyle Secured Lending (NASDAQ:CGBD) last released its earnings results on Tuesday, November 4th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). The company had revenue of $66.51 million for the quarter, compared to analysts’ expectations of $69.61 million. Carlyle Secured Lending had a return on equity of 9.24% and a net margin of 30.18%. Sell-side analysts expect that Carlyle Secured Lending, Inc. will post 1.97 EPS for the current year.

Carlyle Secured Lending Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Wednesday, December 31st will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 13.6%. The ex-dividend date of this dividend is Wednesday, December 31st. Carlyle Secured Lending’s dividend payout ratio is presently 135.59%.

Wall Street Analyst Weigh In

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

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.