Legal & General Group Plc Raises Position in Carlyle Secured Lending, Inc. $CGBD

Legal & General Group Plc grew its position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 17.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 518,842 shares of the company’s stock after buying an additional 78,404 shares during the period. Legal & General Group Plc owned approximately 1.02% of Carlyle Secured Lending worth $6,488,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Rossby Financial LCC purchased a new position in Carlyle Secured Lending in the third quarter worth about $25,000. Northwestern Mutual Wealth Management Co. raised its holdings in 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. Tower Research Capital LLC TRC raised its holdings in Carlyle Secured Lending by 1,011.6% in the second quarter. Tower Research Capital LLC TRC now owns 4,313 shares of the company’s stock worth $59,000 after buying an additional 3,925 shares during the last quarter. SG Americas Securities LLC purchased a new position in Carlyle Secured Lending in the fourth quarter worth about $112,000. Finally, Sound Income Strategies LLC raised its holdings in Carlyle Secured Lending by 553.0% in the fourth quarter. Sound Income Strategies LLC now owns 9,383 shares of the company’s stock worth $121,000 after buying an additional 7,946 shares during the last quarter. 24.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Carlyle Secured Lending Stock Performance

Shares of CGBD stock opened at $10.64 on Friday. The company has a 50 day moving average price of $11.20 and a 200-day moving average price of $11.80. Carlyle Secured Lending, Inc. has a 52 week low of $10.50 and a 52 week high of $14.49. The firm has a market capitalization of $739.48 million, a PE ratio of 14.99 and a beta of 0.62. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 1.24.

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

Carlyle Secured Lending Cuts Dividend

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

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.