Van ECK Associates Corp Purchases 436,365 Shares of Carlyle Secured Lending, Inc. $CGBD

Van ECK Associates Corp increased its position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 33.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,748,836 shares of the company’s stock after purchasing an additional 436,365 shares during the quarter. Van ECK Associates Corp owned approximately 2.54% of Carlyle Secured Lending worth $18,415,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Lalia Capital LLC bought a new stake in shares of Carlyle Secured Lending during the 2nd quarter valued at $9,765,000. Rivernorth Capital Management LLC increased its stake in shares of Carlyle Secured Lending by 58.2% during the fourth quarter. Rivernorth Capital Management LLC now owns 1,900,728 shares of the company’s stock valued at $23,740,000 after purchasing an additional 699,586 shares in the last quarter. North Ground Capital purchased a new stake in shares of Carlyle Secured Lending in the second quarter worth $6,486,480. Legal & General Group Plc purchased a new stake in shares of Carlyle Secured Lending during the second quarter valued at approximately $6,090,000. Finally, Toronto Dominion Bank bought a new stake in shares of Carlyle Secured Lending during the fourth quarter valued at approximately $6,245,000. Institutional investors own 24.51% of the company’s stock.

Carlyle Secured Lending Stock Performance

Shares of CGBD stock opened at $11.78 on Monday. The company has a market cap of $810.58 million, a PE ratio of 23.10 and a beta of 0.62. The stock’s 50 day simple moving average is $10.75 and its two-hundred day simple moving average is $11.05. Carlyle Secured Lending, Inc. has a 1 year low of $9.94 and a 1 year high of $14.00. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.79 and a quick ratio of 0.79.

Carlyle Secured Lending Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 11.9%. The ex-dividend date is Wednesday, September 30th. Carlyle Secured Lending’s dividend payout ratio is presently 274.51%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. B. Riley Financial restated a “buy” rating on shares of Carlyle Secured Lending in a research note on Tuesday, May 12th. 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 report on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.