21,925 Shares in Carlyle Secured Lending, Inc. $CGBD Purchased by SMH Capital Advisors Inc.

SMH Capital Advisors Inc. bought a new stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 21,925 shares of the company’s stock, valued at approximately $300,000. Carlyle Secured Lending accounts for approximately 0.7% of SMH Capital Advisors Inc.’s portfolio, making the stock its 21st biggest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Carlyle Secured Lending during the 1st quarter valued at approximately $32,000. Catalyst Capital Advisors LLC purchased a new position in Carlyle Secured Lending in the 2nd quarter valued at approximately $97,000. Cerity Partners LLC acquired a new position in Carlyle Secured Lending during the first quarter worth $170,000. SCS Capital Management LLC purchased a new stake in Carlyle Secured Lending during the first quarter worth $188,000. Finally, U.S. Capital Wealth Advisors LLC grew its holdings in Carlyle Secured Lending by 34.3% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 13,850 shares of the company’s stock valued at $189,000 after purchasing an additional 3,540 shares during the last quarter. 24.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CGBD has been the subject of several research reports. JPMorgan Chase & Co. cut their price target on Carlyle Secured Lending from $12.50 to $12.00 and set a “neutral” rating for the company in a research note on Thursday. B. Riley restated a “neutral” rating and set a $14.50 target price (up previously from $14.00) on shares of Carlyle Secured Lending in a research report on Monday, August 11th. Wells Fargo & Company reduced their price target on shares of Carlyle Secured Lending from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Raymond James Financial upgraded Carlyle Secured Lending from a “market perform” rating to an “outperform” rating and set a $15.00 price objective for the company in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Carlyle Secured Lending currently has a consensus rating of “Hold” and a consensus price target of $14.58.

Carlyle Secured Lending Price Performance

Shares of NASDAQ:CGBD opened at $11.93 on Friday. The company has a market cap of $607.95 million, a P/E ratio of 10.11 and a beta of 0.87. The business has a fifty day simple moving average of $12.90 and a 200-day simple moving average of $13.61. Carlyle Secured Lending, Inc. has a 52 week low of $11.65 and a 52 week high of $18.64. The company has a quick ratio of 0.73, a current ratio of 0.90 and a debt-to-equity ratio of 1.10.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The business had revenue of $66.51 million during the quarter, compared to analyst estimates of $69.61 million. Carlyle Secured Lending had a return on equity of 9.24% and a net margin of 30.18%. Equities research analysts forecast that Carlyle Secured Lending, Inc. will post 1.97 EPS for the current year.

Carlyle Secured Lending Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Wednesday, December 31st will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 13.4%. The ex-dividend date is Wednesday, December 31st. Carlyle Secured Lending’s payout ratio is presently 135.59%.

Insider Activity at Carlyle Secured Lending

In related news, CFO Thomas M. Hennigan acquired 7,285 shares of the stock in a transaction dated Wednesday, August 20th. The stock was bought at an average cost of $13.75 per share, with a total value of $100,168.75. Following the purchase, the chief financial officer directly owned 88,495 shares of the company’s stock, 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 available at this link. Also, Director John G. Nestor sold 13,238 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $13.49, for a total value of $178,580.62. Following the completion of the transaction, the director directly owned 14,593 shares in the company, valued at $196,859.57. This trade represents a 47.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.61% of the company’s stock.

Carlyle Secured Lending Company 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.