Grimes & Company Inc. Boosts Stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Grimes & Company Inc. boosted its position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 28.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,104 shares of the company’s stock after purchasing an additional 6,690 shares during the quarter. Grimes & Company Inc. owned approximately 0.06% of Carlyle Secured Lending worth $540,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Kimelman & Baird LLC purchased a new stake in Carlyle Secured Lending during the second quarter worth $35,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Carlyle Secured Lending in the second quarter worth $52,000. Great Valley Advisor Group Inc. raised its holdings in shares of Carlyle Secured Lending by 12.9% in the third quarter. Great Valley Advisor Group Inc. now owns 13,165 shares of the company’s stock worth $223,000 after acquiring an additional 1,500 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Carlyle Secured Lending by 30.9% in the third quarter. Jane Street Group LLC now owns 13,775 shares of the company’s stock worth $234,000 after acquiring an additional 3,249 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new position in shares of Carlyle Secured Lending in the third quarter worth $235,000. 24.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company cut their price target on Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th.

Carlyle Secured Lending Stock Performance

NASDAQ CGBD opened at $18.31 on Friday. Carlyle Secured Lending, Inc. has a fifty-two week low of $14.76 and a fifty-two week high of $18.74. The stock has a market cap of $932.09 million, a price-to-earnings ratio of 10.23 and a beta of 1.57. The business has a fifty day moving average of $17.73 and a 200-day moving average of $17.34. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.99.

Carlyle Secured Lending (NASDAQ:CGBD) last released its earnings results on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. The firm had revenue of $55.97 million during the quarter, compared to analyst estimates of $39.92 million. Carlyle Secured Lending had a return on equity of 12.60% and a net margin of 40.69%. During the same period in the prior year, the firm posted $0.52 earnings per share. As a group, analysts predict that Carlyle Secured Lending, Inc. will post 1.98 earnings per share for the current fiscal year.

Carlyle Secured Lending Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were paid a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.80 annualized dividend and a yield of 9.83%. Carlyle Secured Lending’s payout ratio is currently 89.39%.

Carlyle Secured Lending Profile

Carlyle Secured Lending, Inc is business development company specializing in first lien debt, senior secured loans, second lien senior secured loan unsecured debt, mezzanine debt and investments in equities. It specializes in directly investing. It specializes in middle market. It targets healthcare and pharmaceutical, aerospace and defense, high tech industries, business services, software, beverage food and tobacco, hotel gamming and leisure, banking finance insurance and in real estate sector.