Carlyle Secured Lending (NASDAQ:CGBD) Hits New 12-Month Low – What’s Next?

Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) hit a new 52-week low on Monday . The stock traded as low as $10.25 and last traded at $10.2650, with a volume of 529689 shares traded. The stock had previously closed at $10.45.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. B. Riley Financial reissued a “buy” rating on shares of Carlyle Secured Lending in a research report on Tuesday, May 12th. Wells Fargo & Company decreased their price objective 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. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Carlyle Secured Lending has an average rating of “Hold” and a consensus price target of $12.50.

Carlyle Secured Lending Trading Up 0.3%

The company has a market capitalization of $722.04 million, a PE ratio of 14.66 and a beta of 0.62. The company’s fifty day moving average is $10.76 and its 200-day moving average is $11.37. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.72 and a quick ratio of 1.72.

Carlyle Secured Lending (NASDAQ:CGBD) last posted its earnings results on Monday, May 11th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Carlyle Secured Lending had a return on equity of 8.99% and a net margin of 19.52%.The company had revenue of $64.08 million during the quarter, compared to analyst estimates of $65.78 million. On average, analysts anticipate that Carlyle Secured Lending, Inc. will post 1.35 EPS for the current fiscal year.

Carlyle Secured Lending Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Tuesday, June 30th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.40 dividend on an annualized basis and a yield of 13.5%. Carlyle Secured Lending’s dividend payout ratio (DPR) is presently 197.18%.

Hedge Funds Weigh In On Carlyle Secured Lending

Large investors have recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Carlyle Secured Lending by 24.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 519,735 shares of the company’s stock worth $6,491,000 after buying an additional 101,242 shares during the last quarter. Samalin Investment Counsel LLC bought a new position in shares of Carlyle Secured Lending during the 4th quarter worth approximately $1,217,000. Muzinich & Co. Inc. lifted its position in Carlyle Secured Lending by 47.3% during the fourth quarter. Muzinich & Co. Inc. now owns 736,442 shares of the company’s stock valued at $9,198,000 after acquiring an additional 236,524 shares during the last quarter. TrueMark Investments LLC lifted its position in Carlyle Secured Lending by 517.5% during the fourth quarter. TrueMark Investments LLC now owns 111,844 shares of the company’s stock valued at $1,397,000 after acquiring an additional 93,731 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Carlyle Secured Lending in the first quarter valued at approximately $1,657,000. 24.51% of the stock is currently owned by institutional investors.

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.