Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Get Free Report) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 312,500 shares, a decrease of 9.6% from the October 15th total of 345,800 shares. Approximately 0.7% of the company's shares are short sold. Based on an average daily volume of 187,400 shares, the short-interest ratio is presently 1.7 days.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Carlyle Secured Lending in the 2nd quarter valued at approximately $312,000. Private Advisor Group LLC bought a new position in shares of Carlyle Secured Lending during the third quarter valued at $235,000. Condor Capital Management boosted its stake in shares of Carlyle Secured Lending by 16.3% in the 2nd quarter. Condor Capital Management now owns 264,311 shares of the company's stock valued at $4,689,000 after purchasing an additional 36,984 shares in the last quarter. Quadrature Capital Ltd grew its holdings in shares of Carlyle Secured Lending by 6.6% in the 1st quarter. Quadrature Capital Ltd now owns 41,039 shares of the company's stock worth $668,000 after purchasing an additional 2,533 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its holdings in shares of Carlyle Secured Lending by 13.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 46,578 shares of the company's stock worth $759,000 after purchasing an additional 5,500 shares during the last quarter. Institutional investors and hedge funds own 24.51% of the company's stock.
Carlyle Secured Lending Stock Performance
CGBD stock traded down $0.07 during mid-day trading on Friday, reaching $16.22. The company had a trading volume of 128,090 shares, compared to its average volume of 170,143. Carlyle Secured Lending has a one year low of $14.64 and a one year high of $18.74. The stock has a market capitalization of $825.76 million, a P/E ratio of 9.06 and a beta of 1.59. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.99. The stock's 50-day simple moving average is $17.09 and its two-hundred day simple moving average is $17.37.
Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $55.97 million for the quarter, compared to analysts' expectations of $39.92 million. Carlyle Secured Lending had a return on equity of 12.60% and a net margin of 40.69%. During the same period last year, the firm earned $0.52 EPS. Research analysts anticipate that Carlyle Secured Lending will post 1.99 EPS for the current year.
Carlyle Secured Lending Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 11.10%. The ex-dividend date of this dividend is Tuesday, December 31st. Carlyle Secured Lending's dividend payout ratio is currently 89.39%.
Analyst Upgrades and Downgrades
A number of research firms recently commented on CGBD. JPMorgan Chase & Co. downgraded shares of Carlyle Secured Lending from a "neutral" rating to an "underweight" rating and set a $17.00 target price on the stock. in a research report on Monday, July 29th. Wells Fargo & Company reduced their price target on shares of Carlyle Secured Lending from $17.00 to $16.00 and set an "equal weight" rating for the company in a research report on Thursday, November 7th.
View Our Latest Stock Analysis on Carlyle Secured Lending
About Carlyle Secured Lending
(
Get Free Report)
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.
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