North Ground Capital Makes New Investment in Carlyle Secured Lending, Inc. $CGBD

North Ground Capital acquired a new position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 616,000 shares of the company’s stock, valued at approximately $6,486,480,000. Carlyle Secured Lending makes up approximately 7.8% of North Ground Capital’s investment portfolio, making the stock its 2nd largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP bought a new stake in shares of Carlyle Secured Lending during the 2nd quarter valued at $27,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Carlyle Secured Lending by 71.9% in the 2nd 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 period. Burk Holdings LLC bought a new position in Carlyle Secured Lending in the 2nd quarter worth $37,000. Kestra Advisory Services LLC purchased a new stake in Carlyle Secured Lending in the 4th quarter worth $47,000. Finally, Tower Research Capital LLC TRC increased its stake in Carlyle Secured Lending by 1,011.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,313 shares of the company’s stock worth $59,000 after buying an additional 3,925 shares in the last quarter. 24.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wells Fargo & Company decreased their price target on Carlyle Secured Lending from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, May 13th. B. Riley Financial reissued a “buy” rating on shares of Carlyle Secured Lending in a report on Tuesday, May 12th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $12.50.

Carlyle Secured Lending Stock Performance

CGBD opened at $11.35 on Monday. The stock has a market capitalization of $780.94 million, a price-to-earnings ratio of 22.26 and a beta of 0.62. The company has a fifty day moving average of $10.69 and a 200 day moving average of $11.07. Carlyle Secured Lending, Inc. has a fifty-two week low of $9.94 and a fifty-two week high of $14.03. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.79 and a current ratio of 0.79.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. Carlyle Secured Lending had a net margin of 14.26% and a return on equity of 8.85%. The business had revenue of $62.09 million for the quarter, compared to analysts’ expectations of $59.43 million. As a group, sell-side analysts forecast that Carlyle Secured Lending, Inc. will post 1.39 earnings per share for the current fiscal year.

Carlyle Secured Lending Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 12.3%. The ex-dividend date is Wednesday, September 30th. Carlyle Secured Lending’s dividend payout ratio (DPR) is currently 274.51%.

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.