Trexquant Investment LP Purchases 44,115 Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Trexquant Investment LP boosted its position in Carlyle Secured Lending, Inc. (NASDAQ:CGBDGet Rating) by 283.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 59,670 shares of the company’s stock after acquiring an additional 44,115 shares during the quarter. Trexquant Investment LP’s holdings in Carlyle Secured Lending were worth $758,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CGBD. Alps Advisors Inc. bought a new stake in Carlyle Secured Lending in the 2nd quarter valued at about $1,134,000. Neuberger Berman Group LLC increased its position in Carlyle Secured Lending by 42.1% in the 1st quarter. Neuberger Berman Group LLC now owns 263,917 shares of the company’s stock valued at $3,798,000 after buying an additional 78,206 shares in the last quarter. Brookstone Capital Management bought a new stake in Carlyle Secured Lending in the 2nd quarter valued at about $830,000. Advisors Asset Management Inc. increased its position in Carlyle Secured Lending by 29.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 86,711 shares of the company’s stock valued at $1,101,000 after buying an additional 19,536 shares in the last quarter. Finally, Pinnacle Private Wealth LLC bought a new stake in Carlyle Secured Lending in the 2nd quarter valued at about $202,000. 22.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CGBD has been the subject of a number of research analyst reports. Wells Fargo & Company boosted their target price on Carlyle Secured Lending from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Thursday, November 10th. JPMorgan Chase & Co. lowered Carlyle Secured Lending from an “overweight” rating to a “neutral” rating and set a $14.50 price objective for the company. in a report on Tuesday, September 6th. Finally, Citigroup decreased their price objective on Carlyle Secured Lending from $16.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, November 10th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $14.38.

Carlyle Secured Lending Stock Performance

Shares of CGBD opened at $14.40 on Friday. Carlyle Secured Lending, Inc. has a 52 week low of $11.23 and a 52 week high of $14.96. The stock has a 50 day moving average price of $12.80 and a two-hundred day moving average price of $13.41. The firm has a market capitalization of $739.58 million, a P/E ratio of 7.62 and a beta of 1.63. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.19 and a current ratio of 1.19.

Carlyle Secured Lending (NASDAQ:CGBDGet Rating) last announced its earnings results on Tuesday, November 8th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.16. Carlyle Secured Lending had a return on equity of 10.99% and a net margin of 54.89%. The firm had revenue of $47.21 million for the quarter, compared to the consensus estimate of $38.44 million. Equities analysts forecast that Carlyle Secured Lending, Inc. will post 1.88 earnings per share for the current fiscal year.

Carlyle Secured Lending Increases Dividend

The firm also recently announced a Variable dividend, which will be paid on Monday, January 16th. Stockholders of record on Friday, December 30th will be paid a $0.44 dividend. This represents a dividend yield of 10.4%. The ex-dividend date is Thursday, December 29th. This is an increase from Carlyle Secured Lending’s previous Variable dividend of $0.34. Carlyle Secured Lending’s payout ratio is presently 71.96%.

Carlyle Secured Lending Profile

(Get Rating)

TCG BDC, 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.

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Institutional Ownership by Quarter for Carlyle Secured Lending (NASDAQ:CGBD)

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