GFS Advisors LLC Invests $891,000 in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

GFS Advisors LLC bought a new stake in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 49,700 shares of the company’s stock, valued at approximately $891,000. GFS Advisors LLC owned about 0.10% of Carlyle Secured Lending at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CGBD. International Assets Investment Management LLC raised its position in shares of Carlyle Secured Lending by 1,597.0% during the third quarter. International Assets Investment Management LLC now owns 307,581 shares of the company’s stock valued at $52,200,000 after buying an additional 289,456 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Carlyle Secured Lending by 7.0% during the third quarter. Advisors Asset Management Inc. now owns 265,982 shares of the company’s stock valued at $4,514,000 after acquiring an additional 17,434 shares during the period. Novare Capital Management LLC raised its holdings in Carlyle Secured Lending by 0.5% in the 4th quarter. Novare Capital Management LLC now owns 178,705 shares of the company’s stock valued at $3,204,000 after acquiring an additional 900 shares in the last quarter. Herbst Group LLC lifted its position in shares of Carlyle Secured Lending by 4.2% in the 4th quarter. Herbst Group LLC now owns 127,180 shares of the company’s stock worth $2,280,000 after acquiring an additional 5,120 shares during the period. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of Carlyle Secured Lending by 2.2% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 120,911 shares of the company’s stock worth $2,052,000 after purchasing an additional 2,570 shares in the last quarter. 24.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company upped their target price on Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Wednesday.

Carlyle Secured Lending Stock Performance

NASDAQ:CGBD opened at $18.56 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average price of $17.92 and a 200 day moving average price of $17.35. The firm has a market capitalization of $944.89 million, a PE ratio of 10.37 and a beta of 1.57. Carlyle Secured Lending, Inc. has a 12-month low of $14.76 and a 12-month high of $18.74.

Carlyle Secured Lending (NASDAQ:CGBD) last posted its earnings results on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. Carlyle Secured Lending had a return on equity of 12.60% and a net margin of 40.69%. The business had revenue of $55.97 million during the quarter, compared to the consensus estimate of $39.92 million. During the same quarter last year, the company earned $0.52 EPS. Research analysts anticipate that Carlyle Secured Lending, Inc. will post 1.98 earnings per share for the current fiscal year.

Carlyle Secured Lending Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were paid a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.80 annualized dividend and a dividend yield of 9.70%. Carlyle Secured Lending’s dividend payout ratio is presently 89.39%.

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.