Naviter Wealth LLC Purchases New Stake in Carlyle Secured Lending, Inc. $CGBD

Naviter Wealth LLC purchased a new stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 90,991 shares of the company’s stock, valued at approximately $1,277,000. Naviter Wealth LLC owned approximately 0.18% of Carlyle Secured Lending as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sunbelt Securities Inc. raised its stake in Carlyle Secured Lending by 17.1% during the first quarter. Sunbelt Securities Inc. now owns 10,297 shares of the company’s stock worth $167,000 after acquiring an additional 1,500 shares in the last quarter. Quarry LP bought a new stake in shares of Carlyle Secured Lending during the 1st quarter valued at approximately $32,000. Triumph Capital Management increased its position in Carlyle Secured Lending by 5.1% during the 1st quarter. Triumph Capital Management now owns 41,631 shares of the company’s stock worth $674,000 after purchasing an additional 2,038 shares in the last quarter. XTX Topco Ltd lifted its stake in Carlyle Secured Lending by 13.4% in the 1st quarter. XTX Topco Ltd now owns 21,019 shares of the company’s stock valued at $340,000 after purchasing an additional 2,478 shares during the last quarter. Finally, BluePointe Capital Management LLC lifted its stake in Carlyle Secured Lending by 4.9% in the 1st quarter. BluePointe Capital Management LLC now owns 61,517 shares of the company’s stock valued at $1,024,000 after purchasing an additional 2,853 shares during the last quarter. Institutional investors and hedge funds own 24.51% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity at Carlyle Secured Lending

In related news, CFO Thomas M. Hennigan bought 7,285 shares of Carlyle Secured Lending 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 completion of the acquisition, the chief financial officer directly owned 88,495 shares of the company’s stock, valued at approximately $1,216,806.25. The trade was a 8.97% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John G. Nestor sold 13,238 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $13.49, for a total value of $178,580.62. Following the completion of the sale, the director owned 14,593 shares in the company, valued at $196,859.57. The trade was a 47.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

Carlyle Secured Lending Stock Performance

Carlyle Secured Lending stock opened at $12.36 on Wednesday. The business has a 50 day moving average of $13.33 and a 200-day moving average of $13.87. Carlyle Secured Lending, Inc. has a 1 year low of $11.65 and a 1 year high of $18.64. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market capitalization of $629.87 million, a P/E ratio of 10.30 and a beta of 0.89.

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

Carlyle Secured Lending Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Tuesday, September 30th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.60 annualized dividend and a yield of 12.9%. Carlyle Secured Lending’s dividend payout ratio is presently 133.33%.

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.