Sumitomo Mitsui Trust Group Inc. Buys 101,242 Shares of Carlyle Secured Lending, Inc. $CGBD

Sumitomo Mitsui Trust Group Inc. lifted its stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 24.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 519,735 shares of the company’s stock after acquiring an additional 101,242 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Carlyle Secured Lending were worth $6,491,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Invesco Ltd. boosted its position in Carlyle Secured Lending by 15.6% during the third quarter. Invesco Ltd. now owns 901,237 shares of the company’s stock valued at $11,265,000 after purchasing an additional 121,651 shares during the last quarter. Muzinich & Co. Inc. increased its position in shares of Carlyle Secured Lending by 47.3% during 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 last quarter. Two Sigma Investments LP increased its position in shares of Carlyle Secured Lending by 199.4% during 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 last quarter. UBS Group AG raised its stake in shares of Carlyle Secured Lending by 12.0% during the 3rd quarter. UBS Group AG now owns 635,484 shares of the company’s stock worth $7,944,000 after purchasing an additional 67,938 shares in the last quarter. Finally, North Ground Capital bought a new stake in shares of Carlyle Secured Lending during the 3rd quarter worth approximately $5,952,000. Institutional investors own 24.51% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CGBD shares. Wall Street Zen raised shares of Carlyle Secured Lending from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. B. Riley Financial raised shares of Carlyle Secured Lending from a “neutral” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Wednesday, February 25th. JPMorgan Chase & Co. cut their price target on shares of Carlyle Secured Lending from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, March 13th. Finally, Wells Fargo & Company decreased their price objective on shares of Carlyle Secured Lending from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Carlyle Secured Lending has an average rating of “Hold” and a consensus target price of $13.20.

Carlyle Secured Lending Stock Performance

CGBD opened at $11.82 on Friday. Carlyle Secured Lending, Inc. has a 12-month low of $10.61 and a 12-month high of $15.15. The stock has a market cap of $828.94 million, a price-to-earnings ratio of 11.59 and a beta of 0.65. The business has a 50 day moving average of $11.29 and a 200-day moving average of $12.06. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.31.

Carlyle Secured Lending (NASDAQ:CGBD) last posted its earnings results on Tuesday, February 24th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.05). Carlyle Secured Lending had a return on equity of 8.56% and a net margin of 27.38%.The business had revenue of $66.91 million for the quarter, compared to analyst estimates of $67.26 million. On average, equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Tuesday, March 31st were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.60 annualized dividend and a dividend yield of 13.5%. Carlyle Secured Lending’s dividend payout ratio is presently 156.86%.

Insider Buying and Selling at Carlyle Secured Lending

In other news, Director John G. Nestor sold 4,401 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $11.29, for a total transaction of $49,687.29. Following the completion of the sale, the director owned 5,516 shares in the company, valued at approximately $62,275.64. This trade represents a 44.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.61% of the stock is owned by insiders.

Carlyle Secured Lending Company Profile

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.