Redhawk Wealth Advisors Inc. Grows Stock Holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Redhawk Wealth Advisors Inc. increased its stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 9.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,264 shares of the company’s stock after buying an additional 3,355 shares during the quarter. Redhawk Wealth Advisors Inc. owned about 0.07% of Carlyle Secured Lending worth $632,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in CGBD. Herbst Group LLC purchased a new stake in Carlyle Secured Lending during the 3rd quarter worth approximately $2,071,000. Bright Futures Wealth Management LLC. acquired a new stake in Carlyle Secured Lending in the 1st quarter valued at approximately $873,000. Hennion & Walsh Asset Management Inc. raised its stake in shares of Carlyle Secured Lending by 166.6% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 81,929 shares of the company’s stock valued at $1,334,000 after purchasing an additional 51,201 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of Carlyle Secured Lending during the 4th quarter worth about $576,000. Finally, Condor Capital Management raised its holdings in Carlyle Secured Lending by 16.3% during the second quarter. Condor Capital Management now owns 264,311 shares of the company’s stock worth $4,689,000 after purchasing an additional 36,984 shares in the last quarter. Hedge funds and other institutional investors own 24.51% of the company’s stock.

Carlyle Secured Lending Price Performance

NASDAQ CGBD opened at $17.25 on Tuesday. The stock has a market capitalization of $876.21 million, a PE ratio of 10.09 and a beta of 1.59. The company has a 50 day moving average price of $16.91 and a two-hundred day moving average price of $17.30. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.05. Carlyle Secured Lending, Inc. has a 12-month low of $13.31 and a 12-month high of $18.74.

Carlyle Secured Lending (NASDAQ:CGBD) last released its quarterly earnings results on Monday, August 5th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. Carlyle Secured Lending had a net margin of 44.19% and a return on equity of 12.74%. The company had revenue of $58.26 million for the quarter, compared to analyst estimates of $42.21 million. During the same quarter last year, the firm posted $0.52 earnings per share. As a group, equities analysts predict that Carlyle Secured Lending, Inc. will post 1.96 earnings per share for the current fiscal year.

Carlyle Secured Lending Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.47 per share. The ex-dividend date is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.90%. Carlyle Secured Lending’s dividend payout ratio (DPR) is presently 93.57%.

Analyst Ratings Changes

A number of brokerages have weighed in on CGBD. Wells Fargo & Company cut their price target on shares of Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Tuesday, August 6th. JPMorgan Chase & Co. cut Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 target price on the stock. in a research note on Monday, July 29th.

Carlyle Secured Lending Company Profile

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.