Legal & General Group Plc Sells 26,951 Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Legal & General Group Plc trimmed its position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 336,616 shares of the company's stock after selling 26,951 shares during the period. Legal & General Group Plc owned approximately 0.66% of Carlyle Secured Lending worth $6,039,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of CGBD. Novare Capital Management LLC boosted its holdings in Carlyle Secured Lending by 0.5% during the fourth 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 during the last quarter. Stifel Financial Corp boosted its stake in shares of Carlyle Secured Lending by 3.6% during the 3rd quarter. Stifel Financial Corp now owns 30,274 shares of the company's stock worth $514,000 after buying an additional 1,039 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Carlyle Secured Lending by 1.9% in the 4th quarter. HighTower Advisors LLC now owns 75,065 shares of the company's stock valued at $1,346,000 after acquiring an additional 1,373 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Carlyle Secured Lending by 3.5% in the 4th quarter. Global Retirement Partners LLC now owns 50,093 shares of the company's stock valued at $898,000 after acquiring an additional 1,679 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. increased its position in shares of Carlyle Secured Lending by 5.7% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 39,403 shares of the company's stock valued at $706,000 after acquiring an additional 2,139 shares during the last quarter. 24.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CGBD. Wells Fargo & Company raised their price target on Carlyle Secured Lending from $16.00 to $17.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price on shares of Carlyle Secured Lending from $17.00 to $14.00 and set an "underweight" rating for the company in a research note on Thursday. Finally, Bank of America lowered shares of Carlyle Secured Lending from a "buy" rating to an "underperform" rating and set a $17.00 price target on the stock. in a research report on Monday, February 10th.

Carlyle Secured Lending Stock Performance

NASDAQ CGBD traded up $0.22 during trading on Friday, reaching $14.81. 44,316 shares of the company's stock were exchanged, compared to its average volume of 226,678. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.11 and a quick ratio of 1.11. The business has a 50 day moving average price of $16.14 and a 200-day moving average price of $17.08. The stock has a market capitalization of $754.42 million, a P/E ratio of 8.27 and a beta of 1.22. Carlyle Secured Lending, Inc. has a fifty-two week low of $13.12 and a fifty-two week high of $18.74.

Carlyle Secured Lending Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.81%. The ex-dividend date of this dividend was Monday, March 24th. Carlyle Secured Lending's payout ratio is presently 98.77%.

About Carlyle Secured Lending

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.