Catalina Capital Group LLC Makes New Investment in Carlyle Secured Lending, Inc. $CGBD

Catalina Capital Group LLC purchased a new position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,239 shares of the company’s stock, valued at approximately $263,000.

Several other large investors have also recently added to or reduced their stakes in CGBD. Redhawk Wealth Advisors Inc. grew its stake in Carlyle Secured Lending by 36.5% during the first quarter. Redhawk Wealth Advisors Inc. now owns 53,784 shares of the company’s stock worth $870,000 after buying an additional 14,381 shares during the last quarter. Canton Hathaway LLC grew its stake in Carlyle Secured Lending by 271.0% during the first quarter. Canton Hathaway LLC now owns 9,795 shares of the company’s stock worth $158,000 after buying an additional 7,155 shares during the last quarter. Sunbelt Securities Inc. grew its stake in Carlyle Secured Lending by 17.1% during the first quarter. Sunbelt Securities Inc. now owns 10,297 shares of the company’s stock worth $167,000 after buying an additional 1,500 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Carlyle Secured Lending by 19.8% during the first quarter. Envestnet Asset Management Inc. now owns 61,709 shares of the company’s stock worth $998,000 after buying an additional 10,196 shares during the last quarter. Finally, Round Rock Advisors LLC grew its stake in Carlyle Secured Lending by 146.6% during the first quarter. Round Rock Advisors LLC now owns 45,800 shares of the company’s stock worth $741,000 after buying an additional 27,230 shares during the last quarter. 24.51% of the stock is owned by institutional investors.

Carlyle Secured Lending Price Performance

CGBD opened at $12.70 on Friday. Carlyle Secured Lending, Inc. has a one year low of $12.28 and a one year high of $18.64. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.73. The company’s 50 day simple moving average is $13.61 and its 200-day simple moving average is $14.15. The stock has a market capitalization of $647.19 million, a P/E ratio of 10.58 and a beta of 0.89.

Carlyle Secured Lending (NASDAQ:CGBD) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. Carlyle Secured Lending had a net margin of 29.71% and a return on equity of 9.85%. The business had revenue of $67.28 million for the quarter, compared to analysts’ expectations of $67.53 million. Sell-side analysts anticipate that Carlyle Secured Lending, Inc. will post 1.97 earnings per share for the current fiscal year.

Carlyle Secured Lending Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.60 dividend on an annualized basis and a yield of 12.6%. Carlyle Secured Lending’s dividend payout ratio (DPR) is presently 133.33%.

Insider Buying and Selling

In other Carlyle Secured Lending news, CFO Thomas M. Hennigan acquired 7,285 shares of Carlyle Secured Lending stock in a transaction on Wednesday, August 20th. The shares were purchased at an average cost of $13.75 per share, with a total value of $100,168.75. Following the completion of the purchase, the chief financial officer owned 88,495 shares in the company, valued at $1,216,806.25. The trade was a 8.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John G. Nestor sold 13,238 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $13.49, for a total value of $178,580.62. Following the sale, the director directly owned 14,593 shares in the company, valued at $196,859.57. The trade was a 47.57% decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Wells Fargo & Company raised shares of Carlyle Secured Lending from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $13.00 to $15.00 in a research note on Friday, July 25th. Raymond James Financial assumed coverage on shares of Carlyle Secured Lending in a research note on Thursday, July 17th. They set a “market perform” rating on the stock. B. Riley reissued a “neutral” rating and set a $14.50 price target (up from $14.00) on shares of Carlyle Secured Lending in a research note on Monday, August 11th. Finally, JPMorgan Chase & Co. raised shares of Carlyle Secured Lending from an “underweight” rating to a “neutral” rating and decreased their price target for the company from $13.50 to $12.50 in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Carlyle Secured Lending currently has an average rating of “Hold” and an average price target of $14.80.

Carlyle Secured Lending 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.