Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Short Interest Update

Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Get Free Report) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 347,200 shares, a drop of 13.6% from the February 13th total of 401,900 shares. Approximately 0.8% of the company's shares are sold short. Based on an average daily volume of 222,400 shares, the days-to-cover ratio is currently 1.6 days.

Analyst Upgrades and Downgrades

A number of research firms have commented on CGBD. JPMorgan Chase & Co. upped their target price on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the company an "underweight" rating in a research report on Monday, February 3rd. Wells Fargo & Company upped 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 report on Wednesday, January 29th. Finally, Bank of America cut shares of Carlyle Secured Lending from a "buy" rating to an "underperform" rating and set a $17.00 price objective for the company. in a research report on Monday, February 10th.

Carlyle Secured Lending Trading Down 0.4 %

CGBD traded down $0.07 during mid-day trading on Friday, hitting $17.13. 311,440 shares of the stock were exchanged, compared to its average volume of 209,786. The firm's fifty day moving average is $17.75 and its two-hundred day moving average is $17.46. Carlyle Secured Lending has a 1-year low of $15.01 and a 1-year high of $18.74. The company has a market cap of $872.89 million, a PE ratio of 9.57 and a beta of 1.57. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.99.

Remove Ads

Carlyle Secured Lending Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be given a $0.40 dividend. The ex-dividend date is Monday, March 24th. This represents a $1.60 annualized dividend and a yield of 9.34%. Carlyle Secured Lending's dividend payout ratio is presently 98.77%.

Hedge Funds Weigh In On Carlyle Secured Lending

Several institutional investors have recently modified their holdings of CGBD. Bank of America Corp DE boosted its holdings in Carlyle Secured Lending by 3.8% in the fourth quarter. Bank of America Corp DE now owns 1,192,606 shares of the company's stock valued at $21,383,000 after purchasing an additional 44,033 shares during the period. Invesco Ltd. grew its position in shares of Carlyle Secured Lending by 1,449.1% during the fourth quarter. Invesco Ltd. now owns 659,564 shares of the company's stock worth $11,826,000 after buying an additional 616,988 shares in the last quarter. Condor Capital Management increased its stake in shares of Carlyle Secured Lending by 8.3% during the fourth quarter. Condor Capital Management now owns 266,836 shares of the company's stock worth $4,784,000 after buying an additional 20,344 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Carlyle Secured Lending by 7.0% during the third quarter. Advisors Asset Management Inc. now owns 265,982 shares of the company's stock worth $4,514,000 after buying an additional 17,434 shares during the period. Finally, Hager Investment Management Services LLC acquired a new stake in Carlyle Secured Lending in the fourth quarter valued at approximately $4,093,000. Institutional investors and hedge funds own 24.51% of the company's stock.

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.