Carlyle Secured Lending (NASDAQ:CGBD) Hits New 52-Week Low – Time to Sell?

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) reached a new 52-week low during trading on Monday . The stock traded as low as $10.48 and last traded at $10.5990, with a volume of 56237 shares traded. The stock had previously closed at $10.79.

Analyst Ratings Changes

A number of brokerages recently issued reports on CGBD. Wells Fargo & Company cut their price objective on Carlyle Secured Lending from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, May 13th. JPMorgan Chase & Co. decreased their target price on shares of Carlyle Secured Lending from $12.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, March 13th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Carlyle Secured Lending in a report on Tuesday, May 12th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $12.50.

Carlyle Secured Lending Trading Down 0.3%

The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.72 and a current ratio of 1.72. The company has a market capitalization of $737.36 million, a PE ratio of 14.95 and a beta of 0.62. The stock has a fifty day moving average of $11.20 and a 200 day moving average of $11.80.

Carlyle Secured Lending (NASDAQ:CGBD) last released its quarterly earnings data on Monday, May 11th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $64.08 million during the quarter, compared to the consensus estimate of $65.78 million. Carlyle Secured Lending had a net margin of 19.52% and a return on equity of 8.99%. As a group, sell-side analysts predict that Carlyle Secured Lending, Inc. will post 1.36 earnings per share for the current fiscal year.

Carlyle Secured Lending Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Tuesday, June 30th will be paid a $0.35 dividend. 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 13.2%. Carlyle Secured Lending’s payout ratio is presently 197.18%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CGBD. Rossby Financial LCC purchased a new stake in Carlyle Secured Lending during the third quarter valued at $25,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Carlyle Secured Lending by 71.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,630 shares of the company’s stock worth $36,000 after buying an additional 1,100 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Carlyle Secured Lending in the 4th quarter worth $47,000. Tower Research Capital LLC TRC increased its holdings in shares of Carlyle Secured Lending by 1,011.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,313 shares of the company’s stock worth $59,000 after buying an additional 3,925 shares during the last quarter. Finally, Beaumont Financial Advisors LLC bought a new stake in shares of Carlyle Secured Lending in the 1st quarter worth about $110,000. 24.51% of the stock is owned by hedge funds and other institutional investors.

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.