Short Interest in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Rises By 90.0%

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 538,300 shares, an increase of 90.0% from the September 15th total of 283,300 shares. Based on an average trading volume of 199,200 shares, the short-interest ratio is currently 2.7 days. Approximately 1.2% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CGBD. Wells Fargo & Company reduced their price objective on shares of Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 6th. JPMorgan Chase & Co. lowered shares of Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 price objective for the company. in a report on Monday, July 29th.

Institutional Trading of Carlyle Secured Lending

A number of hedge funds and other institutional investors have recently modified their holdings of CGBD. Kimelman & Baird LLC purchased a new stake in shares of Carlyle Secured Lending in the 2nd quarter worth about $35,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Carlyle Secured Lending in the 2nd quarter worth about $52,000. nVerses Capital LLC purchased a new stake in shares of Carlyle Secured Lending in the 2nd quarter worth about $53,000. Tucker Asset Management LLC purchased a new stake in shares of Carlyle Secured Lending in the 4th quarter worth about $80,000. Finally, Kingsview Wealth Management LLC purchased a new stake in shares of Carlyle Secured Lending in the 1st quarter worth about $171,000. 24.51% of the stock is owned by hedge funds and other institutional investors.

Carlyle Secured Lending Trading Up 0.4 %

Carlyle Secured Lending stock traded up $0.07 during mid-day trading on Friday, reaching $17.25. 204,524 shares of the company traded hands, compared to its average volume of 214,193. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.85 and a quick ratio of 1.85. The firm’s 50 day moving average price is $16.89 and its 200 day moving average price is $17.29. The firm has a market capitalization of $876.21 million, a price-to-earnings ratio of 10.09 and a beta of 1.59. Carlyle Secured Lending has a 52-week low of $13.31 and a 52-week high of $18.74.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $58.26 million for the quarter, compared to the consensus estimate of $42.21 million. Carlyle Secured Lending had a net margin of 44.19% and a return on equity of 12.74%. During the same period in the previous year, the firm earned $0.52 EPS. On average, analysts anticipate that Carlyle Secured Lending will post 1.96 earnings per share for the current fiscal year.

Carlyle Secured Lending Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 10.90%. The ex-dividend date is Monday, September 30th. Carlyle Secured Lending’s payout ratio is currently 93.57%.

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.