Patton Albertson Miller Group LLC Makes New Investment in Carlyle Secured Lending, Inc. $CGBD

Patton Albertson Miller Group LLC bought a new position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) during the second quarter, HoldingsChannel.com reports. The firm bought 25,114 shares of the company’s stock, valued at approximately $344,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CGBD. Quarry LP bought a new stake in Carlyle Secured Lending during the 1st quarter worth approximately $32,000. Canton Hathaway LLC raised its position in shares of Carlyle Secured Lending by 271.0% during the first quarter. Canton Hathaway LLC now owns 9,795 shares of the company’s stock valued at $158,000 after buying an additional 7,155 shares during the last quarter. Sunbelt Securities Inc. raised its position in shares of Carlyle Secured Lending by 17.1% during the first quarter. Sunbelt Securities Inc. now owns 10,297 shares of the company’s stock valued at $167,000 after buying an additional 1,500 shares during the last quarter. Cerity Partners LLC bought a new stake in shares of Carlyle Secured Lending during the first quarter valued at approximately $170,000. Finally, SCS Capital Management LLC bought a new stake in shares of Carlyle Secured Lending during the first quarter valued at approximately $188,000. Institutional investors own 24.51% of the company’s stock.

Carlyle Secured Lending Trading Down 1.1%

CGBD stock opened at $13.03 on Monday. The firm has a fifty day moving average price of $13.71 and a 200 day moving average price of $14.23. Carlyle Secured Lending, Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $18.64. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market cap of $664.01 million, a PE ratio of 10.86 and a beta of 0.88.

Carlyle Secured Lending (NASDAQ:CGBD) last posted its earnings results on Tuesday, August 5th. The company reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. Carlyle Secured Lending had a net margin of 29.71% and a return on equity of 9.85%. The firm had revenue of $67.28 million during the quarter, compared to analyst estimates of $67.53 million. Sell-side analysts anticipate 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 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 of this dividend is Tuesday, September 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.3%. Carlyle Secured Lending’s dividend payout ratio (DPR) is 133.33%.

Analyst Upgrades and Downgrades

CGBD has been the topic of several recent analyst reports. Wells Fargo & Company upgraded shares of Carlyle Secured Lending from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $13.00 to $15.00 in a research report on Friday, July 25th. Raymond James Financial initiated coverage on shares of Carlyle Secured Lending in a research report on Thursday, July 17th. They set a “market perform” rating on the stock. Finally, B. Riley reiterated a “neutral” rating and set a $14.50 price objective (up previously from $14.00) on shares of Carlyle Secured Lending in a research report on Monday, August 11th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $15.10.

Insider Buying and Selling at Carlyle Secured Lending

In other news, CFO Thomas M. Hennigan acquired 7,285 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was bought at an average cost of $13.75 per share, with a total value of $100,168.75. Following the completion of the purchase, the chief financial officer directly owned 88,495 shares of the company’s stock, valued at $1,216,806.25. This represents a 8.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John G. Nestor sold 13,238 shares of Carlyle Secured Lending stock in a transaction 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 transaction, the director directly owned 14,593 shares of the company’s stock, 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. 0.61% of the stock is owned by insiders.

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.