TrueMark Investments LLC Has $360,000 Stock Holdings in Carlyle Secured Lending, Inc. $CGBD

TrueMark Investments LLC decreased its stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 70.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,883 shares of the company’s stock after selling 78,961 shares during the period. TrueMark Investments LLC’s holdings in Carlyle Secured Lending were worth $360,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of Carlyle Secured Lending by 71.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,630 shares of the company’s stock worth $36,000 after buying an additional 1,100 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Carlyle Secured Lending in the 4th quarter valued at $47,000. Tower Research Capital LLC TRC boosted its holdings in shares of Carlyle Secured Lending by 1,011.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,313 shares of the company’s stock valued at $59,000 after acquiring an additional 3,925 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Carlyle Secured Lending during the 4th quarter valued at $112,000. Finally, Sound Income Strategies LLC grew its position in Carlyle Secured Lending by 553.0% during the 4th quarter. Sound Income Strategies LLC now owns 9,383 shares of the company’s stock worth $121,000 after acquiring an additional 7,946 shares during the last quarter. Institutional investors and hedge funds own 24.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CGBD shares. Wells Fargo & Company lowered their target price on Carlyle Secured Lending from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th. B. Riley Financial reissued a “buy” rating on shares of Carlyle Secured Lending in a research note on Tuesday, May 12th. Finally, JPMorgan Chase & Co. reduced their price target on Carlyle Secured Lending from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, March 13th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $12.50.

Carlyle Secured Lending Trading Down 1.6%

Shares of NASDAQ CGBD opened at $10.55 on Thursday. The firm has a 50 day moving average price of $11.16 and a two-hundred day moving average price of $11.66. The stock has a market cap of $733.23 million, a P/E ratio of 14.86 and a beta of 0.62. Carlyle Secured Lending, Inc. has a 52-week low of $10.48 and a 52-week high of $14.49. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.72 and a current ratio of 1.72.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $64.08 million for the quarter, compared to analysts’ expectations of $65.78 million. Carlyle Secured Lending had a net margin of 19.52% and a return on equity of 8.99%. As a group, equities analysts forecast that Carlyle Secured Lending, Inc. will post 1.36 EPS for the current year.

Carlyle Secured Lending Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Tuesday, June 30th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.40 annualized dividend and a dividend yield of 13.3%. Carlyle Secured Lending’s dividend payout ratio is presently 225.35%.

Carlyle Secured Lending Profile

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.