41,343 Shares in Carlyle Secured Lending, Inc. $CGBD Purchased by 1858 Wealth Management LLC

1858 Wealth Management LLC purchased a new position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 41,343 shares of the company’s stock, valued at approximately $566,000. 1858 Wealth 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 hedge funds and other institutional investors have also added to or reduced their stakes in the company. GFS Advisors LLC purchased a new position in Carlyle Secured Lending during the second quarter worth about $680,000. Apollon Wealth Management LLC boosted its holdings in Carlyle Secured Lending by 36.5% during the second quarter. Apollon Wealth Management LLC now owns 32,590 shares of the company’s stock worth $446,000 after purchasing an additional 8,707 shares during the last quarter. Hager Investment Management Services LLC boosted its holdings in Carlyle Secured Lending by 4.5% during the second quarter. Hager Investment Management Services LLC now owns 236,263 shares of the company’s stock worth $3,232,000 after purchasing an additional 10,097 shares during the last quarter. Eagle Strategies LLC purchased a new position in Carlyle Secured Lending during the second quarter worth about $203,000. Finally, Prime Capital Investment Advisors LLC purchased a new position in Carlyle Secured Lending during the second quarter worth about $30,158,000. 24.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CGBD shares. B. Riley reiterated a “neutral” rating and issued a $14.50 target price (up from $14.00) on shares of Carlyle Secured Lending in a research note on Monday, August 11th. JPMorgan Chase & Co. upgraded shares of Carlyle Secured Lending from an “underweight” rating to a “neutral” rating and dropped their target price for the company from $13.50 to $12.50 in a research note on Wednesday, October 1st. 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 note on Tuesday, October 7th. Finally, Wells Fargo & Company upgraded shares of Carlyle Secured Lending from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $13.00 to $15.00 in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $14.83.

Insider Activity at Carlyle Secured Lending

In other Carlyle Secured Lending news, CFO Thomas M. Hennigan purchased 7,285 shares of the stock in a transaction dated Wednesday, August 20th. The shares were bought at an average price of $13.75 per share, with a total value of $100,168.75. Following the completion of the transaction, the chief financial officer directly owned 88,495 shares in the company, valued at approximately $1,216,806.25. This trade represents a 8.97% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John G. Nestor sold 13,238 shares of the company’s 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 directly owned 14,593 shares in the company, valued at $196,859.57. This trade represents a 47.57% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Carlyle Secured Lending Stock Performance

NASDAQ CGBD opened at $11.73 on Friday. The company’s 50 day moving average is $13.38 and its 200-day moving average is $13.93. Carlyle Secured Lending, Inc. has a 12-month low of $11.65 and a 12-month high of $18.64. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. The firm has a market cap of $597.76 million, a P/E ratio of 9.78 and a beta of 0.89.

Carlyle Secured Lending (NASDAQ:CGBD) last posted its quarterly 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. Carlyle Secured Lending had a net margin of 29.71% and a return on equity of 9.85%. The company had revenue of $67.28 million for the quarter, compared to analyst estimates of $67.53 million. Sell-side analysts predict that Carlyle Secured Lending, Inc. will post 1.97 earnings per share for the current year.

Carlyle Secured Lending Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.60 annualized dividend and a dividend yield of 13.6%. Carlyle Secured Lending’s payout ratio is 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.