WCG Wealth Advisors LLC Takes $1.84 Million Position in Carlyle Secured Lending, Inc. $CGBD

WCG Wealth Advisors LLC acquired a new stake in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) during the fourth quarter, HoldingsChannel reports. The fund acquired 147,141 shares of the company’s stock, valued at approximately $1,838,000.

Other large investors have also recently made changes to their positions in the company. Invesco Ltd. lifted its holdings in Carlyle Secured Lending by 15.6% in the 3rd quarter. Invesco Ltd. now owns 901,237 shares of the company’s stock worth $11,265,000 after purchasing an additional 121,651 shares in the last quarter. UBS Group AG increased its position in shares of Carlyle Secured Lending by 35.7% during the 4th quarter. UBS Group AG now owns 862,260 shares of the company’s stock valued at $10,770,000 after purchasing an additional 226,776 shares during the last quarter. Muzinich & Co. Inc. increased its position in shares of Carlyle Secured Lending by 47.3% during the 4th quarter. Muzinich & Co. Inc. now owns 736,442 shares of the company’s stock valued at $9,198,000 after purchasing an additional 236,524 shares during the last quarter. Two Sigma Investments LP increased its position in shares of Carlyle Secured Lending by 199.4% during the 3rd quarter. Two Sigma Investments LP now owns 727,570 shares of the company’s stock valued at $9,095,000 after purchasing an additional 484,581 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in Carlyle Secured Lending by 24.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 519,735 shares of the company’s stock valued at $6,491,000 after acquiring an additional 101,242 shares during the period. 24.51% of the stock is owned by hedge funds and other institutional investors.

Carlyle Secured Lending Stock Performance

NASDAQ CGBD opened at $10.64 on Friday. The company has a market cap of $739.48 million, a PE ratio of 14.99 and a beta of 0.62. The stock’s 50 day simple moving average is $11.20 and its 200-day simple moving average is $11.80. Carlyle Secured Lending, Inc. has a 1-year low of $10.50 and a 1-year high of $14.49. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.72 and a quick ratio of 1.72.

Carlyle Secured Lending (NASDAQ:CGBD) last released its earnings results on Monday, May 11th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $64.08 million for the quarter, compared to the consensus estimate of $65.78 million. Carlyle Secured Lending had a return on equity of 8.99% and a net margin of 19.52%. As a group, equities research analysts anticipate that Carlyle Secured Lending, Inc. will post 1.36 EPS for the current fiscal year.

Carlyle Secured Lending Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Tuesday, June 30th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 13.2%. The ex-dividend date is Tuesday, June 30th. Carlyle Secured Lending’s dividend payout ratio (DPR) is 225.35%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Wells Fargo & Company reduced their target price on Carlyle Secured Lending from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. JPMorgan Chase & Co. dropped their target price on Carlyle Secured Lending from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, March 13th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Carlyle Secured Lending in a report on Tuesday, May 12th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $12.50.

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.