Texas Capital Bank Wealth Management Services Inc Acquires New Stake in Carlyle Secured Lending, Inc. $CGBD

Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 72,707 shares of the company’s stock, valued at approximately $766,000. Texas Capital Bank Wealth Management Services Inc owned approximately 0.10% of Carlyle Secured Lending at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Samalin Investment Counsel LLC acquired a new position in shares of Carlyle Secured Lending during the 4th quarter valued at $1,217,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Carlyle Secured Lending in the first quarter valued at $1,657,000. UBS Group AG boosted its stake in Carlyle Secured Lending by 35.7% during the fourth quarter. UBS Group AG now owns 862,260 shares of the company’s stock valued at $10,770,000 after buying an additional 226,776 shares in the last quarter. WCG Wealth Advisors LLC bought a new position in Carlyle Secured Lending during the fourth quarter valued at about $1,838,000. Finally, Closed End Fund Advisors Inc. bought a new position in Carlyle Secured Lending during the fourth quarter valued at about $3,190,000. 24.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CGBD has been the topic of several research reports. B. Riley Financial reiterated a “buy” rating on shares of Carlyle Secured Lending in a research report on Tuesday, May 12th. Wells Fargo & Company reduced their price objective on shares of Carlyle Secured Lending from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Carlyle Secured Lending presently has an average rating of “Hold” and an average price target of $12.50.

Carlyle Secured Lending Price Performance

NASDAQ CGBD opened at $11.26 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.20. Carlyle Secured Lending, Inc. has a 1 year low of $9.94 and a 1 year high of $14.03. The company has a market cap of $774.74 million, a PE ratio of 22.08 and a beta of 0.62. The stock’s 50-day moving average price is $10.66 and its two-hundred day moving average price is $11.09.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its 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. The company had revenue of $62.09 million during the quarter, compared to analysts’ expectations of $59.43 million. Carlyle Secured Lending had a net margin of 14.26% and a return on equity of 8.85%. On average, analysts predict that Carlyle Secured Lending, Inc. will post 1.39 EPS for the current year.

Carlyle Secured Lending Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Wednesday, September 30th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 12.4%. The ex-dividend date is Wednesday, September 30th. Carlyle Secured Lending’s dividend payout ratio is 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.