Carlyle Secured Lending (NASDAQ:CGBD) Sees Large Volume Increase – Time to Buy?

Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) saw unusually-strong trading volume on Thursday . 665,241 shares changed hands during mid-day trading, an increase of 4% from the previous session’s volume of 638,873 shares.The stock last traded at $11.5040 and had previously closed at $11.33.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. B. Riley Financial reaffirmed a “buy” rating on shares of Carlyle Secured Lending in a research note on Tuesday, May 12th. Wells Fargo & Company lowered their target price on shares of Carlyle Secured Lending from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Carlyle Secured Lending has an average rating of “Hold” and an average price target of $12.50.

Carlyle Secured Lending Trading Up 2.3%

The stock has a market cap of $797.11 million, a PE ratio of 22.72 and a beta of 0.62. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.20. The firm has a fifty day simple moving average of $10.71 and a two-hundred day simple moving average of $11.05.

Carlyle Secured Lending Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Wednesday, September 30th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 12.1%. The ex-dividend date of this dividend is Wednesday, September 30th. Carlyle Secured Lending’s dividend payout ratio (DPR) is currently 274.51%.

Institutional Investors Weigh In On Carlyle Secured Lending

Several hedge funds have recently bought and sold shares of CGBD. Allworth Financial LP purchased a new position in Carlyle Secured Lending in the 2nd quarter worth approximately $27,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Carlyle Secured Lending by 71.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,630 shares of the company’s stock valued at $36,000 after buying an additional 1,100 shares in the last quarter. Burk Holdings LLC bought a new stake in shares of Carlyle Secured Lending during the 2nd quarter worth $37,000. Kestra Advisory Services LLC purchased a new position in Carlyle Secured Lending in the fourth quarter worth $47,000. Finally, Tower Research Capital LLC TRC increased its stake 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 valued at $59,000 after acquiring an additional 3,925 shares during the last quarter. 24.51% of the stock is currently owned by 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.