Prime Capital Investment Advisors LLC Buys Shares of 2,204,508 Carlyle Secured Lending, Inc. $CGBD

Prime Capital Investment Advisors LLC purchased a new position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,204,508 shares of the company’s stock, valued at approximately $30,158,000. Prime Capital Investment Advisors LLC owned about 4.33% of Carlyle Secured Lending as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP bought a new position in Carlyle Secured Lending in the 1st quarter worth about $32,000. Canton Hathaway LLC lifted its position in Carlyle Secured Lending by 271.0% in the first quarter. Canton Hathaway LLC now owns 9,795 shares of the company’s stock worth $158,000 after purchasing an additional 7,155 shares during the period. Sunbelt Securities Inc. boosted its stake in Carlyle Secured Lending by 17.1% during the 1st quarter. Sunbelt Securities Inc. now owns 10,297 shares of the company’s stock valued at $167,000 after purchasing an additional 1,500 shares in the last quarter. Cerity Partners LLC acquired a new position in shares of Carlyle Secured Lending during the 1st quarter valued at $170,000. Finally, SCS Capital Management LLC bought a new stake in shares of Carlyle Secured Lending in the 1st quarter worth $188,000. 24.51% of the stock is currently owned by institutional investors.

Insider Activity at Carlyle Secured Lending

In other news, CFO Thomas M. Hennigan acquired 7,285 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The stock was acquired at an average cost of $13.75 per share, with a total value of $100,168.75. Following the acquisition, the chief financial officer owned 88,495 shares in the company, valued at approximately $1,216,806.25. This represents a 8.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John G. Nestor sold 13,238 shares of Carlyle Secured Lending stock in a transaction on Monday, August 18th. The stock was sold at an average price of $13.49, for a total transaction of $178,580.62. Following the completion of the transaction, the director owned 14,593 shares in the company, valued at $196,859.57. This trade represents a 47.57% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CGBD shares. Raymond James Financial began coverage on Carlyle Secured Lending in a research note on Thursday, July 17th. They set a “market perform” rating for the company. JPMorgan Chase & Co. upgraded shares of Carlyle Secured Lending from an “underweight” rating to a “neutral” rating and reduced their price objective for the company from $13.50 to $12.50 in a research report on Wednesday, October 1st. Wells Fargo & Company raised shares of Carlyle Secured Lending from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $13.00 to $15.00 in a research note on Friday, July 25th. Finally, B. Riley restated a “neutral” rating and set a $14.50 target price (up from $14.00) on shares of Carlyle Secured Lending in a report on Monday, August 11th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $14.80.

Carlyle Secured Lending Price Performance

CGBD opened at $12.50 on Monday. Carlyle Secured Lending, Inc. has a 1 year low of $12.28 and a 1 year high of $18.64. The stock has a fifty day moving average price of $13.57 and a 200 day moving average price of $14.08. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.09. The stock has a market cap of $637 million, a price-to-earnings ratio of 10.42 and a beta of 0.89.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. The business had revenue of $67.28 million during the quarter, compared to analysts’ expectations of $67.53 million. Carlyle Secured Lending had a return on equity of 9.85% and a net margin of 29.71%. Analysts forecast that Carlyle Secured Lending, Inc. will post 1.97 EPS for the current fiscal year.

Carlyle Secured Lending Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.60 dividend on an annualized basis and a yield of 12.8%. Carlyle Secured Lending’s dividend payout ratio is presently 133.33%.

About Carlyle Secured Lending

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.