Advisors Asset Management Inc. Cuts Holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Advisors Asset Management Inc. trimmed its holdings in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) by 9.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 239,970 shares of the company's stock after selling 26,012 shares during the period. Advisors Asset Management Inc. owned about 0.47% of Carlyle Secured Lending worth $4,303,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CGBD. Jane Street Group LLC increased its holdings in Carlyle Secured Lending by 30.9% in the third quarter. Jane Street Group LLC now owns 13,775 shares of the company's stock valued at $234,000 after buying an additional 3,249 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Carlyle Secured Lending in the 3rd quarter valued at about $492,000. Hager Investment Management Services LLC purchased a new position in Carlyle Secured Lending during the 4th quarter valued at about $4,093,000. Franklin Resources Inc. acquired a new position in Carlyle Secured Lending during the third quarter worth about $585,000. Finally, Edge Capital Group LLC lifted its holdings in shares of Carlyle Secured Lending by 470.2% in the fourth quarter. Edge Capital Group LLC now owns 64,518 shares of the company's stock valued at $1,157,000 after purchasing an additional 53,204 shares in the last quarter. 24.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CGBD shares. JPMorgan Chase & Co. boosted their price target on Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an "underweight" rating in a report on Monday, February 3rd. Bank of America downgraded shares of Carlyle Secured Lending from a "buy" rating to an "underperform" rating and set a $17.00 target price for the company. in a research note on Monday, February 10th. Finally, Wells Fargo & Company raised their price target on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 29th.

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Carlyle Secured Lending Trading Up 1.0 %

Shares of NASDAQ:CGBD traded up $0.16 during midday trading on Tuesday, reaching $16.68. The company's stock had a trading volume of 242,529 shares, compared to its average volume of 210,409. The firm has a market cap of $849.96 million, a price-to-earnings ratio of 9.32 and a beta of 1.57. The business has a 50 day moving average price of $17.73 and a 200 day moving average price of $17.46. Carlyle Secured Lending, Inc. has a 1 year low of $15.01 and a 1 year high of $18.74. 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 Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.59%. The ex-dividend date is Monday, March 24th. Carlyle Secured Lending's dividend payout ratio is currently 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.