Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Shares Bought by Comerica Bank

Comerica Bank lifted its stake in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 859.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 88,445 shares of the company’s stock after buying an additional 79,227 shares during the quarter. Comerica Bank owned approximately 0.17% of Carlyle Secured Lending worth $1,586,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Aquatic Capital Management LLC raised its stake in Carlyle Secured Lending by 541.8% in the fourth quarter. Aquatic Capital Management LLC now owns 2,567 shares of the company’s stock valued at $46,000 after buying an additional 2,167 shares in the last quarter. Canton Hathaway LLC acquired a new stake in shares of Carlyle Secured Lending during the 4th quarter worth about $47,000. Lido Advisors LLC boosted its holdings in Carlyle Secured Lending by 12.3% in the fourth quarter. Lido Advisors LLC now owns 11,416 shares of the company’s stock valued at $210,000 after purchasing an additional 1,247 shares in the last quarter. EMC Capital Management increased its stake in Carlyle Secured Lending by 56.9% in the fourth quarter. EMC Capital Management now owns 13,021 shares of the company’s stock valued at $233,000 after purchasing an additional 4,722 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Carlyle Secured Lending by 30.9% during the 3rd quarter. Jane Street Group LLC now owns 13,775 shares of the company’s stock worth $234,000 after buying an additional 3,249 shares during the last quarter. Institutional investors and hedge funds own 24.51% of the company’s stock.

Carlyle Secured Lending Trading Up 0.9 %

Shares of CGBD stock opened at $13.67 on Friday. The company has a market capitalization of $696.58 million, a P/E ratio of 7.64 and a beta of 0.93. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.99. The business’s 50 day moving average is $15.40 and its two-hundred day moving average is $16.85. Carlyle Secured Lending, Inc. has a twelve month low of $13.12 and a twelve month high of $18.74.

Carlyle Secured Lending (NASDAQ:CGBD) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.02). The firm had revenue of $54.60 million during the quarter, compared to analysts’ expectations of $55.50 million. Carlyle Secured Lending had a net margin of 40.69% and a return on equity of 12.60%. Equities analysts forecast that Carlyle Secured Lending, Inc. will post 1.97 EPS for the current year.

Carlyle Secured Lending Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.60 dividend on an annualized basis and a yield of 11.70%. Carlyle Secured Lending’s payout ratio is currently 118.52%.

Analyst Upgrades and Downgrades

CGBD has been the topic of several research reports. Bank of America lowered Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 price objective on the stock. in a report on Monday, February 10th. Wells Fargo & Company cut their price target on Carlyle Secured Lending from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. decreased their price objective on Carlyle Secured Lending from $17.00 to $14.00 and set an “underweight” rating for the company in a report on Thursday, April 24th. Finally, Oppenheimer cut their target price on shares of Carlyle Secured Lending from $17.00 to $15.00 and set a “market perform” rating on the stock in a report on Thursday.

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.