BI Asset Management Fondsmaeglerselskab A S Has $42,000 Holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

BI Asset Management Fondsmaeglerselskab A S trimmed its position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) by 94.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,339 shares of the company's stock after selling 43,225 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Carlyle Secured Lending were worth $42,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Invesco Ltd. boosted its stake in Carlyle Secured Lending by 1,449.1% in the 4th quarter. Invesco Ltd. now owns 659,564 shares of the company's stock valued at $11,826,000 after purchasing an additional 616,988 shares during the period. Condor Capital Management boosted its position in shares of Carlyle Secured Lending by 8.3% in the fourth quarter. Condor Capital Management now owns 266,836 shares of the company's stock valued at $4,784,000 after acquiring an additional 20,344 shares during the period. Hager Investment Management Services LLC bought a new stake in shares of Carlyle Secured Lending in the fourth quarter valued at about $4,093,000. Raymond James Financial Inc. bought a new position in Carlyle Secured Lending during the fourth quarter worth about $3,223,000. Finally, Novare Capital Management LLC raised its stake 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 worth $3,204,000 after purchasing an additional 900 shares in the last quarter. 24.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CGBD. JPMorgan Chase & Co. decreased their target price on shares of Carlyle Secured Lending from $17.00 to $14.00 and set an "underweight" rating on the stock in a research report on Thursday. Bank of America cut Carlyle Secured Lending from a "buy" rating to an "underperform" rating and set a $17.00 price objective for the company. in a report on Monday, February 10th. Finally, Wells Fargo & Company reduced their target price on Carlyle Secured Lending from $17.00 to $14.00 and set an "equal weight" rating on the stock in a report on Monday.

Carlyle Secured Lending Price Performance

Shares of CGBD traded up $0.27 during midday trading on Monday, hitting $15.05. The company's stock had a trading volume of 412,542 shares, compared to its average volume of 225,181. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.99. Carlyle Secured Lending, Inc. has a one year low of $13.12 and a one year high of $18.74. The stock has a market capitalization of $766.90 million, a price-to-earnings ratio of 8.41 and a beta of 1.22. The company's fifty day simple moving average is $16.02 and its two-hundred day simple moving average is $17.05.

Carlyle Secured Lending Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 10.63%. The ex-dividend date of this dividend was Monday, March 24th. Carlyle Secured Lending's payout ratio is 98.77%.

Carlyle Secured Lending 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.