Carlyle Secured Lending (NASDAQ:CGBD) Hits New 12-Month Low – Should You Sell?

Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) hit a new 52-week low on Tuesday . The stock traded as low as $10.45 and last traded at $10.4980, with a volume of 342581 shares traded. The stock had previously closed at $10.53.

Wall Street Analysts Forecast Growth

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

Carlyle Secured Lending Stock Up 0.1%

The company has a debt-to-equity ratio of 1.24, a current ratio of 1.72 and a quick ratio of 1.72. The company has a market cap of $722.80 million, a PE ratio of 14.65 and a beta of 0.62. The business’s 50 day moving average is $10.97 and its 200-day moving average is $11.50.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Carlyle Secured Lending had a net margin of 19.52% and a return on equity of 8.99%. The company had revenue of $64.08 million for the quarter, compared to the consensus estimate of $65.78 million. As a group, analysts predict that Carlyle Secured Lending, Inc. will post 1.35 EPS for the current year.

Carlyle Secured Lending Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Tuesday, June 30th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 13.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Carlyle Secured Lending’s dividend payout ratio is 197.18%.

Institutional Trading of Carlyle Secured Lending

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rivernorth Capital Management LLC raised its position in shares of Carlyle Secured Lending by 58.2% during the 4th quarter. Rivernorth Capital Management LLC now owns 1,900,728 shares of the company’s stock worth $23,740,000 after acquiring an additional 699,586 shares in the last quarter. North Ground Capital boosted its holdings in Carlyle Secured Lending by 91.6% in the fourth quarter. North Ground Capital now owns 912,220 shares of the company’s stock valued at $11,394,000 after purchasing an additional 436,086 shares in the last quarter. Invesco Ltd. increased its stake in Carlyle Secured Lending by 15.6% in the third quarter. Invesco Ltd. now owns 901,237 shares of the company’s stock valued at $11,265,000 after purchasing an additional 121,651 shares during the last quarter. UBS Group AG increased its stake in Carlyle Secured Lending by 35.7% in the fourth quarter. UBS Group AG now owns 862,260 shares of the company’s stock valued at $10,770,000 after purchasing an additional 226,776 shares during the last quarter. Finally, Muzinich & Co. Inc. raised its holdings in Carlyle Secured Lending by 47.3% during the fourth quarter. Muzinich & Co. Inc. now owns 736,442 shares of the company’s stock worth $9,198,000 after purchasing an additional 236,524 shares in the last quarter. 24.51% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Secured Lending Company 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.