Y Intercept Hong Kong Ltd Lowers Stock Holdings in Carlyle Secured Lending, Inc. $CGBD

Y Intercept Hong Kong Ltd lowered its stake in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 29.4% in the third quarter, HoldingsChannel reports. The fund owned 127,321 shares of the company’s stock after selling 53,145 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Carlyle Secured Lending were worth $1,592,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CGBD. Prime Capital Investment Advisors LLC purchased a new stake in shares of Carlyle Secured Lending during the 2nd quarter worth about $30,158,000. Choreo LLC acquired a new stake in shares of Carlyle Secured Lending in the second quarter worth $20,529,000. Cliffwater LLC acquired a new position in shares of Carlyle Secured Lending during the 2nd quarter valued at $7,505,000. North Ground Capital acquired a new position in shares of Carlyle Secured Lending during the 3rd quarter valued at $5,952,000. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its position in Carlyle Secured Lending by 9,270.5% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 219,176 shares of the company’s stock worth $2,998,000 after purchasing an additional 216,837 shares during the period. 24.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Carlyle Secured Lending

In related news, Director John G. Nestor sold 7,085 shares of Carlyle Secured Lending stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $11.87, for a total transaction of $84,098.95. Following the transaction, the director directly owned 7,508 shares of the company’s stock, valued at $89,119.96. The trade was a 48.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by company insiders.

Carlyle Secured Lending Stock Performance

Shares of CGBD stock opened at $12.25 on Friday. The company’s 50-day simple moving average is $12.67 and its 200-day simple moving average is $12.96. Carlyle Secured Lending, Inc. has a one year low of $11.55 and a one year high of $18.62. The stock has a market capitalization of $624.26 million, a price-to-earnings ratio of 10.38 and a beta of 0.69. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.90 and a current ratio of 0.90.

Carlyle Secured Lending (NASDAQ:CGBD) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). The business had revenue of $66.51 million for the quarter, compared to analyst estimates of $69.61 million. Carlyle Secured Lending had a return on equity of 9.24% and a net margin of 30.18%. Equities analysts anticipate that Carlyle Secured Lending, Inc. will post 1.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on CGBD shares. Wall Street Zen raised Carlyle Secured Lending from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. Citizens Jmp started coverage on shares of Carlyle Secured Lending in a research report on Monday, December 8th. They issued a “market perform” rating for the company. Citigroup began coverage on shares of Carlyle Secured Lending in a research note on Monday, December 8th. They set a “market perform” rating on the stock. Zacks Research upgraded shares of Carlyle Secured Lending from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, B. Riley dropped their price target on shares of Carlyle Secured Lending from $14.50 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Carlyle Secured Lending currently has a consensus rating of “Hold” and a consensus price target of $14.33.

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.