JPMorgan Chase & Co. Has $365,000 Stock Holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

JPMorgan Chase & Co. trimmed its holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) by 71.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,500 shares of the company's stock after selling 53,100 shares during the period. JPMorgan Chase & Co.'s holdings in Carlyle Secured Lending were worth $365,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CGBD. International Assets Investment Management LLC grew its position in Carlyle Secured Lending by 1,597.0% in the third quarter. International Assets Investment Management LLC now owns 307,581 shares of the company's stock worth $52,200,000 after acquiring an additional 289,456 shares in the last quarter. Herbst Group LLC acquired a new stake in shares of Carlyle Secured Lending in the third quarter worth $2,071,000. Franklin Resources Inc. acquired a new stake in shares of Carlyle Secured Lending in the third quarter worth $585,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Carlyle Secured Lending in the third quarter worth $492,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Carlyle Secured Lending in the second quarter worth $385,000. 24.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company boosted their price objective 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.

Carlyle Secured Lending Stock Performance

NASDAQ:CGBD traded up $0.18 during trading hours on Thursday, hitting $18.48. 87,682 shares of the company traded hands, compared to its average volume of 195,141. The stock has a market capitalization of $940.82 million, a price-to-earnings ratio of 10.32 and a beta of 1.57. Carlyle Secured Lending, Inc. has a twelve month low of $14.76 and a twelve month high of $18.74. The firm has a 50-day moving average of $17.85 and a 200 day moving average of $17.34. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.99.

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

Carlyle Secured Lending Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 9.74%. The ex-dividend date was Tuesday, December 31st. Carlyle Secured Lending's payout ratio is currently 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.