John Nestor Sells 4,401 Shares of Carlyle Secured Lending (NASDAQ:CGBD) Stock

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Director John Nestor sold 4,401 shares of Carlyle Secured Lending stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $11.29, for a total transaction of $49,687.29. Following the transaction, the director directly owned 5,516 shares in the company, valued at approximately $62,275.64. This trade represents a 44.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Carlyle Secured Lending Price Performance

CGBD opened at $10.95 on Wednesday. Carlyle Secured Lending, Inc. has a 52-week low of $10.61 and a 52-week high of $17.34. The company has a 50 day moving average of $12.08 and a two-hundred day moving average of $12.52. The company has a market cap of $773.95 million, a P/E ratio of 10.74 and a beta of 0.70. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.31.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its earnings results on Tuesday, February 24th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.05). The business had revenue of $66.91 million during the quarter, compared to analysts’ expectations of $67.26 million. Carlyle Secured Lending had a net margin of 27.38% and a return on equity of 8.56%. On average, analysts expect that Carlyle Secured Lending, Inc. will post 1.97 earnings per share for the current year.

Carlyle Secured Lending Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Tuesday, March 31st will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.60 annualized dividend and a yield of 14.6%. Carlyle Secured Lending’s dividend payout ratio (DPR) is 156.86%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CGBD. Wells Fargo & Company lowered their target price on Carlyle Secured Lending from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. B. Riley Financial upgraded Carlyle Secured Lending from a “neutral” rating to a “buy” rating and set a $13.00 price target for the company in a report on Wednesday, February 25th. Citigroup assumed coverage on shares of Carlyle Secured Lending in a research note on Monday, December 8th. They set a “market perform” rating on the stock. Citizens Jmp began coverage on shares of Carlyle Secured Lending in a research report on Monday, December 8th. They set a “market perform” rating on the stock. Finally, 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. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Carlyle Secured Lending currently has an average rating of “Hold” and a consensus target price of $13.60.

Institutional Investors Weigh In On Carlyle Secured Lending

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Transcend Capital Advisors LLC raised its position in shares of Carlyle Secured Lending by 2.8% in the 4th quarter. Transcend Capital Advisors LLC now owns 29,451 shares of the company’s stock valued at $368,000 after purchasing an additional 805 shares in the last quarter. Mackenzie Financial Corp grew its position in shares of Carlyle Secured Lending by 3.2% during the fourth quarter. Mackenzie Financial Corp now owns 27,466 shares of the company’s stock worth $348,000 after buying an additional 857 shares in the last quarter. Advisory Research Inc. increased its stake in shares of Carlyle Secured Lending by 9.2% in the third quarter. Advisory Research Inc. now owns 11,340 shares of the company’s stock worth $142,000 after buying an additional 953 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Carlyle Secured Lending by 71.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,630 shares of the company’s stock worth $36,000 after buying an additional 1,100 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its holdings in Carlyle Secured Lending by 3.3% in the fourth quarter. Sunbelt Securities Inc. now owns 34,182 shares of the company’s stock valued at $427,000 after acquiring an additional 1,100 shares in the last quarter. 24.51% of the stock is currently owned by hedge funds and other institutional investors.

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.