Cliffwater LLC Reduces Position in Carlyle Secured Lending, Inc. $CGBD

Cliffwater LLC reduced its position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 62.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 207,319 shares of the company’s stock after selling 341,298 shares during the quarter. Carlyle Secured Lending accounts for approximately 0.5% of Cliffwater LLC’s holdings, making the stock its 12th biggest holding. Cliffwater LLC owned approximately 0.41% of Carlyle Secured Lending worth $2,591,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Rossby Financial LCC bought a new position in shares of Carlyle Secured Lending during the third quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Carlyle Secured Lending by 71.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,630 shares of the company’s stock worth $36,000 after acquiring an additional 1,100 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in Carlyle Secured Lending during the 3rd quarter valued at $37,000. Tower Research Capital LLC TRC boosted its holdings in Carlyle Secured Lending by 1,011.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,313 shares of the company’s stock valued at $59,000 after acquiring an additional 3,925 shares during the period. Finally, Security National Bank bought a new position in Carlyle Secured Lending in the 3rd quarter valued at $64,000. Hedge funds and other institutional investors own 24.51% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on CGBD shares. Wells Fargo & Company reduced their target price on Carlyle Secured Lending from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Wall Street Zen upgraded shares of Carlyle Secured Lending from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Zacks Research raised shares of Carlyle Secured Lending from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 9th. Citizens Jmp started coverage on shares of Carlyle Secured Lending in a report on Monday, December 8th. They set a “market perform” rating for the company. Finally, Citigroup started coverage on shares of Carlyle Secured Lending in a research report on Monday, December 8th. They issued a “market perform” rating for the company. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $13.60.

Carlyle Secured Lending Price Performance

Shares of CGBD stock opened at $10.95 on Wednesday. Carlyle Secured Lending, Inc. has a twelve month low of $10.61 and a twelve month high of $17.34. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.31. The stock has a fifty day simple moving average of $12.08 and a two-hundred day simple moving average of $12.52. The stock has a market capitalization of $773.95 million, a price-to-earnings ratio of 10.74 and a beta of 0.70.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.05). The firm had revenue of $66.91 million for the quarter, compared to analysts’ expectations of $67.26 million. Carlyle Secured Lending had a net margin of 27.38% and a return on equity of 8.56%. On average, analysts predict that Carlyle Secured Lending, Inc. will post 1.97 EPS for the current fiscal year.

Carlyle Secured Lending Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.60 dividend on an annualized basis and a yield of 14.6%. Carlyle Secured Lending’s dividend payout ratio (DPR) is 156.86%.

Insider Activity at Carlyle Secured Lending

In other news, Director John G. Nestor sold 4,401 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $11.29, for a total value of $49,687.29. Following the completion of the sale, the director owned 5,516 shares in the company, valued at approximately $62,275.64. The trade was a 44.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

About Carlyle Secured Lending

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.