Carlyle Secured Lending (NASDAQ:CGBD) Reaches New 12-Month High at $16.68

Carlyle Secured Lending, Inc. (NASDAQ:CGBD)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $16.68 and last traded at $16.68, with a volume of 76137 shares trading hands. The stock had previously closed at $16.47.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CGBD shares. Wells Fargo & Company increased their price objective on shares of Carlyle Secured Lending from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Citigroup increased their target price on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th.

Carlyle Secured Lending Stock Up 1.5 %

The stock’s 50-day moving average price is $16.00 and its two-hundred day moving average price is $15.22. The stock has a market capitalization of $849.21 million, a P/E ratio of 9.85 and a beta of 1.59. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.14.

Carlyle Secured Lending (NASDAQ:CGBD) last released its earnings results on Monday, February 26th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. The firm had revenue of $62.69 million during the quarter, compared to the consensus estimate of $42.86 million. Carlyle Secured Lending had a net margin of 38.19% and a return on equity of 12.80%. During the same period in the prior year, the firm earned $0.48 EPS. As a group, research analysts expect that Carlyle Secured Lending, Inc. will post 2.03 earnings per share for the current fiscal year.

Carlyle Secured Lending Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, March 29th were issued a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Carlyle Secured Lending’s previous quarterly dividend of $0.44. This represents a $1.92 annualized dividend and a yield of 11.48%. Carlyle Secured Lending’s dividend payout ratio (DPR) is 94.67%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CGBD. Millennium Management LLC boosted its holdings in Carlyle Secured Lending by 1,901.2% in the 4th quarter. Millennium Management LLC now owns 803,003 shares of the company’s stock worth $11,491,000 after buying an additional 762,877 shares during the period. International Assets Investment Management LLC lifted its stake in Carlyle Secured Lending by 327.2% in the 4th quarter. International Assets Investment Management LLC now owns 271,150 shares of the company’s stock worth $40,560,000 after purchasing an additional 207,685 shares in the last quarter. Morgan Stanley lifted its stake in Carlyle Secured Lending by 13.7% in the 4th quarter. Morgan Stanley now owns 1,511,212 shares of the company’s stock worth $21,625,000 after purchasing an additional 182,335 shares in the last quarter. LSV Asset Management lifted its stake in Carlyle Secured Lending by 8.6% in the 3rd quarter. LSV Asset Management now owns 1,683,463 shares of the company’s stock worth $24,410,000 after purchasing an additional 133,376 shares in the last quarter. Finally, Two Sigma Investments LP lifted its stake in Carlyle Secured Lending by 31.7% in the 4th quarter. Two Sigma Investments LP now owns 488,908 shares of the company’s stock worth $6,996,000 after purchasing an additional 117,543 shares in the last quarter. 24.51% of the stock is owned by institutional investors.

About Carlyle Secured Lending

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.