Y Intercept Hong Kong Ltd Takes Position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Y Intercept Hong Kong Ltd bought a new stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 29,011 shares of the company's stock, valued at approximately $492,000. Y Intercept Hong Kong Ltd owned 0.06% of Carlyle Secured Lending at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC lifted 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 worth $52,200,000 after purchasing an additional 289,456 shares during the last quarter. Herbst Group LLC purchased a new stake in Carlyle Secured Lending in the 3rd quarter valued at about $2,071,000. Condor Capital Management grew its stake in Carlyle Secured Lending by 16.3% in the 2nd quarter. Condor Capital Management now owns 264,311 shares of the company's stock worth $4,689,000 after acquiring an additional 36,984 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of Carlyle Secured Lending by 44.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 118,341 shares of the company's stock worth $2,099,000 after acquiring an additional 36,412 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in shares of Carlyle Secured Lending during the second quarter valued at approximately $385,000. Institutional investors own 24.51% of the company's stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company dropped their price objective on Carlyle Secured Lending from $17.00 to $16.00 and set an "equal weight" rating on the stock in a research note on Thursday, November 7th.

Carlyle Secured Lending Stock Up 0.2 %

Shares of CGBD traded up $0.03 during mid-day trading on Monday, hitting $17.87. The company's stock had a trading volume of 275,559 shares, compared to its average volume of 206,043. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.99. The company's 50-day moving average is $17.13 and its 200-day moving average is $17.30. Carlyle Secured Lending, Inc. has a 52-week low of $14.76 and a 52-week high of $18.74. The firm has a market capitalization of $909.76 million, a price-to-earnings ratio of 9.98 and a beta of 1.59.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. The business had revenue of $55.97 million for the quarter, compared to analysts' expectations of $39.92 million. Carlyle Secured Lending had a return on equity of 12.60% and a net margin of 40.69%. During the same quarter last year, the firm earned $0.52 EPS. On average, equities research analysts forecast that Carlyle Secured Lending, Inc. will post 1.98 EPS for the current fiscal year.

Carlyle Secured Lending Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be issued a $0.45 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a yield of 10.07%. Carlyle Secured Lending's dividend payout ratio is presently 89.39%.

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.