Corient Private Wealth LP Takes Position in Carlyle Secured Lending, Inc. $CGBD

Corient Private Wealth LP purchased a new position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 182,469 shares of the company’s stock, valued at approximately $1,921,000.

Other large investors have also recently made changes to their positions in the company. Allworth Financial LP purchased a new stake in shares of Carlyle Secured Lending during the second quarter worth approximately $27,000. Northwestern Mutual Wealth Management Co. lifted its holdings in 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 valued at $36,000 after purchasing an additional 1,100 shares in the last quarter. Burk Holdings LLC purchased a new position in Carlyle Secured Lending in the 2nd quarter valued at $37,000. Kestra Advisory Services LLC acquired a new stake in Carlyle Secured Lending during the 4th quarter worth $47,000. Finally, Tower Research Capital LLC TRC boosted its stake in Carlyle Secured Lending by 1,011.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,313 shares of the company’s stock worth $59,000 after purchasing an additional 3,925 shares during the last quarter. 24.51% of the stock is currently owned by hedge funds and other institutional investors.

Carlyle Secured Lending Trading Up 0.1%

Shares of Carlyle Secured Lending stock opened at $11.56 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.79 and a quick ratio of 0.79. The stock’s 50 day simple moving average is $10.81 and its 200-day simple moving average is $11.04. The stock has a market cap of $795.44 million, a P/E ratio of 22.67 and a beta of 0.64. Carlyle Secured Lending, Inc. has a 1-year low of $9.94 and a 1-year high of $13.94.

Carlyle Secured Lending Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.40 dividend on an annualized basis and a yield of 12.1%. Carlyle Secured Lending’s payout ratio is 274.51%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CGBD shares. Wells Fargo & Company dropped their target price on shares of Carlyle Secured Lending from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th. B. Riley Financial reissued a “buy” rating on shares of Carlyle Secured Lending in a research note on Tuesday, May 12th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Carlyle Secured Lending has an average rating of “Hold” and an average price target of $12.50.

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.