Palliser Capital UK Ltd Invests $481,000 in Carlyle Secured Lending, Inc. $CGBD

Palliser Capital UK Ltd purchased a new stake in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 45,703 shares of the company’s stock, valued at approximately $481,000. Carlyle Secured Lending accounts for about 0.3% of Palliser Capital UK Ltd’s portfolio, making the stock its 19th biggest holding. Palliser Capital UK Ltd owned about 0.07% of Carlyle Secured Lending at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. North Ground Capital acquired a new stake in Carlyle Secured Lending in the second quarter worth about $6,486,480,000. Burk Holdings LLC acquired a new position in Carlyle Secured Lending during the 2nd quarter valued at about $37,000. Compass Financial Management LLC acquired a new position in Carlyle Secured Lending during the 2nd quarter valued at about $464,000. Commerce Bank bought a new position in shares of Carlyle Secured Lending in the 2nd quarter valued at about $425,000. Finally, CFO4Life Group LLC bought a new position in shares of Carlyle Secured Lending in the 2nd quarter valued at about $129,000. 24.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Carlyle Secured Lending Price Performance

Shares of CGBD opened at $11.45 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.20. Carlyle Secured Lending, Inc. has a 1 year low of $9.94 and a 1 year high of $14.02. The stock has a market cap of $787.87 million, a P/E ratio of 22.45 and a beta of 0.62. The stock’s 50-day moving average price is $10.70 and its two-hundred day moving average price is $11.06.

Carlyle Secured Lending (NASDAQ:CGBD) last posted its earnings results on Thursday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. The company had revenue of $62.09 million during the quarter, compared to analyst estimates of $59.43 million. Carlyle Secured Lending had a return on equity of 8.85% and a net margin of 14.26%. On average, equities analysts predict that Carlyle Secured Lending, Inc. will post 1.39 earnings per share for the current year.

Carlyle Secured Lending Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Wednesday, September 30th will be issued a $0.35 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.40 annualized dividend and a yield of 12.2%. Carlyle Secured Lending’s dividend payout ratio (DPR) is 274.51%.

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.