MQS Management LLC Makes New Investment in Carlyle Secured Lending, Inc. $CGBD

MQS Management LLC bought a new position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 38,917 shares of the company’s stock, valued at approximately $532,000. MQS Management LLC owned about 0.08% of Carlyle Secured Lending as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. boosted its position in Carlyle Secured Lending by 44.0% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 264,138 shares of the company’s stock worth $3,613,000 after purchasing an additional 80,737 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in Carlyle Secured Lending in the second quarter worth about $97,000. Novare Capital Management LLC boosted its position in Carlyle Secured Lending by 10.6% in the second quarter. Novare Capital Management LLC now owns 194,680 shares of the company’s stock worth $2,663,000 after purchasing an additional 18,725 shares during the last quarter. Arista Wealth Management LLC purchased a new position in Carlyle Secured Lending in the second quarter worth about $240,000. Finally, Naviter Wealth LLC purchased a new position in Carlyle Secured Lending in the second quarter worth about $1,277,000. 24.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CGBD has been the topic of several recent research reports. JPMorgan Chase & Co. raised Carlyle Secured Lending from an “underweight” rating to a “neutral” rating and decreased their price objective for the stock from $13.50 to $12.50 in a research note on Wednesday, October 1st. Raymond James Financial raised Carlyle Secured Lending from a “market perform” rating to an “outperform” rating and set a $15.00 price objective on the stock in a research note on Tuesday, October 7th. B. Riley reaffirmed a “neutral” rating and issued a $14.50 price objective (up previously from $14.00) on shares of Carlyle Secured Lending in a research note on Monday, August 11th. Finally, Wells Fargo & Company raised Carlyle Secured Lending from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $13.00 to $15.00 in a research note on Friday, July 25th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Carlyle Secured Lending has an average rating of “Hold” and a consensus target price of $14.83.

Insider Activity at Carlyle Secured Lending

In related news, Director John G. Nestor sold 13,238 shares of Carlyle Secured Lending stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $13.49, for a total transaction of $178,580.62. Following the sale, the director owned 14,593 shares of the company’s stock, valued at approximately $196,859.57. This trade represents a 47.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thomas M. Hennigan bought 7,285 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were acquired at an average cost of $13.75 per share, for a total transaction of $100,168.75. Following the purchase, the chief financial officer directly owned 88,495 shares in the company, valued at $1,216,806.25. This trade represents a 8.97% increase in their position. The disclosure for this purchase can be found here. 0.61% of the stock is currently owned by company insiders.

Carlyle Secured Lending Stock Up 0.6%

Shares of CGBD opened at $12.57 on Friday. The business’s 50 day moving average is $13.12 and its 200 day moving average is $13.72. The company has a market capitalization of $640.57 million, a PE ratio of 10.48 and a beta of 0.89. Carlyle Secured Lending, Inc. has a 12-month low of $11.65 and a 12-month high of $18.64. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.09.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its earnings results on Tuesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $67.28 million for the quarter, compared to the consensus estimate of $67.53 million. Carlyle Secured Lending had a return on equity of 9.85% and a net margin of 29.71%. Research analysts expect that Carlyle Secured Lending, Inc. will post 1.97 earnings per share for the current fiscal year.

Carlyle Secured Lending Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Tuesday, September 30th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 12.7%. The ex-dividend date of this dividend was Tuesday, September 30th. Carlyle Secured Lending’s dividend payout ratio (DPR) is 133.33%.

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.