Carlyle Secured Lending (NASDAQ:CGBD) Director Sells $84,098.95 in Stock

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Director John Nestor sold 7,085 shares of Carlyle Secured Lending stock in a transaction on Friday, November 14th. The shares were sold at an average price of $11.87, for a total value of $84,098.95. Following the completion of the transaction, the director owned 7,508 shares in the company, valued at approximately $89,119.96. The trade was a 48.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Carlyle Secured Lending Stock Performance

NASDAQ:CGBD opened at $12.94 on Friday. Carlyle Secured Lending, Inc. has a twelve month low of $11.55 and a twelve month high of $18.64. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.10. The stock’s 50-day simple moving average is $12.36 and its 200 day simple moving average is $13.32. The firm has a market capitalization of $659.42 million, a PE ratio of 10.97 and a beta of 0.68.

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

Carlyle Secured Lending Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st will be given a $0.40 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.60 dividend on an annualized basis and a yield of 12.4%. Carlyle Secured Lending’s dividend payout ratio (DPR) is currently 135.59%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CGBD. Zacks Research downgraded shares of Carlyle Secured Lending from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Wells Fargo & Company reduced their price objective on Carlyle Secured Lending from $15.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. B. Riley dropped their target price on Carlyle Secured Lending from $14.50 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. Raymond James Financial raised Carlyle Secured Lending from a “market perform” rating to an “outperform” rating and set a $15.00 price target on the stock in a research note on Tuesday, October 7th. Finally, JPMorgan Chase & Co. reduced their price target on Carlyle Secured Lending from $12.50 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Carlyle Secured Lending presently has a consensus rating of “Hold” and an average price target of $14.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Prime Capital Investment Advisors LLC acquired a new stake in shares of Carlyle Secured Lending in the second quarter valued at about $30,158,000. Choreo LLC bought a new stake in Carlyle Secured Lending in the second quarter valued at approximately $20,529,000. Cliffwater LLC bought a new stake in Carlyle Secured Lending in the second quarter valued at approximately $7,505,000. Two Sigma Investments LP increased its position in Carlyle Secured Lending by 199.4% during the 3rd quarter. Two Sigma Investments LP now owns 727,570 shares of the company’s stock valued at $9,095,000 after purchasing an additional 484,581 shares during the period. Finally, North Ground Capital bought a new position in Carlyle Secured Lending during the 3rd quarter worth approximately $5,952,000. 24.51% of the stock is owned by institutional investors and hedge funds.

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.