UBS Group AG lifted its stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD – Free Report) by 35.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 862,260 shares of the company’s stock after buying an additional 226,776 shares during the period. UBS Group AG’s holdings in Carlyle Secured Lending were worth $10,770,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of CGBD. Two Sigma Investments LP boosted its holdings in shares of Carlyle Secured Lending by 199.4% in the 3rd quarter. Two Sigma Investments LP now owns 727,570 shares of the company’s stock worth $9,095,000 after purchasing an additional 484,581 shares during the period. North Ground Capital purchased a new position in shares of Carlyle Secured Lending in the 3rd quarter worth approximately $5,952,000. Alpine Global Management LLC purchased a new position in shares of Carlyle Secured Lending in the 3rd quarter worth approximately $3,133,000. Muzinich & Co. Inc. boosted its holdings in shares of Carlyle Secured Lending by 47.3% in the 4th quarter. Muzinich & Co. Inc. now owns 736,442 shares of the company’s stock worth $9,198,000 after purchasing an additional 236,524 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Carlyle Secured Lending by 9,270.5% in the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 219,176 shares of the company’s stock worth $2,998,000 after purchasing an additional 216,837 shares during the period. Hedge funds and other institutional investors own 24.51% of the company’s stock.
Carlyle Secured Lending Price Performance
CGBD opened at $11.20 on Friday. The business has a fifty day moving average of $11.27 and a 200 day moving average of $11.96. Carlyle Secured Lending, Inc. has a 52-week low of $10.61 and a 52-week high of $14.49. The company has a quick ratio of 0.85, a current ratio of 1.72 and a debt-to-equity ratio of 1.24. The stock has a market cap of $778.40 million, a P/E ratio of 15.77 and a beta of 0.66.
Carlyle Secured Lending Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.40 dividend on an annualized basis and a yield of 12.5%. Carlyle Secured Lending’s payout ratio is 225.35%.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on CGBD. B. Riley Financial restated a “buy” rating on shares of Carlyle Secured Lending in a report on Tuesday. Wells Fargo & Company dropped their price objective on Carlyle Secured Lending from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. dropped their price objective on Carlyle Secured Lending from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, March 13th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $12.50.
Check Out Our Latest Analysis on Carlyle Secured Lending
Insiders Place Their Bets
In other Carlyle Secured Lending news, Director John G. Nestor sold 4,401 shares of Carlyle Secured Lending stock in a transaction on Friday, March 6th. The stock was sold at an average price of $11.29, for a total transaction of $49,687.29. Following the completion of the sale, the director directly owned 5,516 shares of the company’s stock, valued at $62,275.64. The trade was a 44.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.61% of the stock is currently owned by company insiders.
About Carlyle Secured Lending
Carlyle Secured Lending, Inc (NASDAQ: CGBD) is a closed-end, non-diversified business development company that provides customized debt financing solutions to middle-market companies. Chartered under the Investment Company Act of 1940, the company invests primarily in floating-rate senior secured loans, including first-lien, unitranche and one-stop structures. Its objective is to generate current income and capital appreciation through disciplined credit selection and active portfolio management.
The firm focuses on U.S.
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