Lido Advisors LLC Takes Position in Carlyle Secured Lending, Inc. $CGBD

Lido Advisors LLC acquired a new position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 52,234 shares of the company’s stock, valued at approximately $735,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Carlyle Secured Lending in the 1st quarter worth $32,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Carlyle Secured Lending by 71.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,630 shares of the company’s stock valued at $36,000 after purchasing an additional 1,100 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in Carlyle Secured Lending during the second quarter worth about $97,000. SCS Capital Management LLC purchased a new position in Carlyle Secured Lending during the first quarter worth about $188,000. Finally, U.S. Capital Wealth Advisors LLC boosted its holdings in Carlyle Secured Lending by 34.3% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 13,850 shares of the company’s stock valued at $189,000 after purchasing an additional 3,540 shares during the last quarter. Institutional investors and hedge funds own 24.51% of the company’s stock.

Carlyle Secured Lending Stock Up 0.2%

Shares of NASDAQ CGBD opened at $12.97 on Friday. The firm has a market cap of $660.95 million, a price-to-earnings ratio of 10.99 and a beta of 0.68. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.10. Carlyle Secured Lending, Inc. has a 52-week low of $11.55 and a 52-week high of $18.64. The business’s 50 day moving average is $12.35 and its two-hundred day moving average is $13.31.

Carlyle Secured Lending (NASDAQ:CGBD) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). Carlyle Secured Lending had a return on equity of 9.24% and a net margin of 30.18%.The firm had revenue of $66.51 million for the quarter, compared to analysts’ expectations of $69.61 million. Research analysts predict that Carlyle Secured Lending, Inc. will post 1.97 EPS for the current year.

Carlyle Secured Lending Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 12.3%. The ex-dividend date of this dividend is Wednesday, December 31st. Carlyle Secured Lending’s payout ratio is currently 135.59%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CGBD shares. B. Riley cut their price target on shares of Carlyle Secured Lending from $14.50 to $13.00 and set a “neutral” rating for the company in a report on Tuesday, November 11th. Wells Fargo & Company lowered their price objective on Carlyle Secured Lending from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Raymond James Financial raised Carlyle Secured Lending from a “market perform” rating to an “outperform” rating and set a $15.00 target price for the company in a research note on Tuesday, October 7th. Zacks Research downgraded Carlyle Secured Lending from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Finally, JPMorgan Chase & Co. lowered their price target on Carlyle Secured Lending from $12.50 to $12.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $14.33.

Insiders Place Their Bets

In other Carlyle Secured Lending news, Director John G. Nestor sold 7,085 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $11.87, for a total transaction of $84,098.95. Following the sale, the director directly owned 7,508 shares in the company, valued at $89,119.96. This represents a 48.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by corporate insiders.

Carlyle Secured Lending Company 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.